| Leadership PACs and Other Candidate
Committees
Leadership PACs fund political travel and make contributions to candidates and party committees. The committees' federal accounts can raise money in contributions of up to $5,000. Some of the committees (Daschle, Edwards, Kerry and Gephardt) also have separate Section 527 accounts which take non-federal (soft money) contributions; these 527 accounts have no contribution limits and can accept contributions from corporations and unions. They report to the IRS rather than the FEC. Committees can transfer money from the nonfederal 527 accounts to their federal accounts for joint activity. In the table below, federal and nonfederal accounts are shown on separate lines. The federal account receipts are broken out to show the federal money raised, the nonfederal money transfered in, and the total as shown in the FEC report. The Section 527 (nonfederal) disbursements includes the money transferred to the federal account. Finally, the grand total of federal and nonfederal dollars raised by the PAC is shown in a third line. In addition to leadership
PACs, some of the prospects are raising money for their re-election campaign
committees. Left-over money from 2002 federal re-election campaigns
can be transfered directly to later federal campaigns, such as a 2004 presidential
campaign. Another type of committee is the joint fundraising committee,
an example of which is the Daschle Victory Fund.
|
| New American Optimists (EDWARDS) | $2,061,021 ($ fed. + $1,890,350 nonfed.) |
| DASHPAC (DASCHLE) | $1.65 million ($ fed. + $ nonfed.) |
| ROCPAC (LIEBERMAN) | $542,157 |
| Effective Government Committee (GEPHARDT) | $324,100 ($ fed. + $ nonfed.) |
| Leadership '02 (GORE) | $296,457 |
| Citizen Soldier Fund (KERRY) | $250,000 ($ fed. + $ nonfed.) |
| Fund for a Healthy America (DEAN) | $ |
| New American Optimists (EDWARDS) | $ ($ fed. + $ nonfed.) |
| DASHPAC (DASCHLE) | $ ($ fed. + $ nonfed.) |
| ROCPAC (LIEBERMAN) | $ |
| Effective Government Committee (GEPHARDT) | $ ($ fed. + $ nonfed.) |
| Leadership '02 (GORE) | $ |
| Citizen Soldier Fund (KERRY) | $251,200 ($92,200 fed. + $159,000 nonfed.) |
| Fund for a Healthy America (DEAN) | $ |
| . | . | Cash on Hand
04/01/02 |
Receipts | Disbursements | Cash on Hand
06/30/02 |
| Fmr VP
Al
GORE (1) |
Leadership '02 (FEC) | $ | $ 296,457 | $ | $ |
| Sen. Tom
DASCHLE (2) |
DASHPAC
(formed February 1999) (FEC-federal) |
$ | $
65,592 (fed.)
$ 72,855 (trans.) $ 138,448 (tot.) |
$ | $ |
| (IRS-Section 527) | $ 95,000 | $ | |||
| Total (fed.&nonfed.) | $ 160,592 | ||||
| Daschle
Victory Fund >
(formed March 2002) |
$ 85,000 | $ | |||
| A Lot of People... ('04 re-election) > | |||||
| Gov. Howard
DEAN (3) |
Fund
for a Healthy America
(formed Nov. 8, 2001) (FEC) |
$ | $ | $ | $ |
| Sen. John
EDWARDS (4) |
New
American Optimists
(formed Aug. 28, 2001) (FEC-federal) |
$ | $ (fed.)
$ (trans.) $ (tot.) |
$ | $ |
| (IRS-Section 527) | $1,890,350 | $ 553,663 | |||
| Total (fed.&nonfed.) | $2,061,021 | $2,423,262 | |||
| Edwards for Senate ('04 re-election) > | $ 536,615 | $2,004,801 | |||
| Rep. Dick
GEPHARDT (5) |
Effective
Government Committee
(formed 1985) (FEC-federal) |
$ | $ (fed.)
$ (trans.) $ (tot.) |
$ | $ |
| (IRS-Section 527) | $ | $ | |||
| Total (fed.&nonfed.) | $ | ||||
| Gephardt
in Congress Committee
('02 re-election) (FEC) |
$ | $ | $ | $ | |
| Sen. John
KERRY (6) |
CitizenSoldierFund
(formed Dec. 17, 2001) (FEC-federal) |
$ | $ 92,200 (fed.)
$ (trans.) $ (tot.) |
$ | $ |
| (IRS-Section 527) | $ 159,000 | $ | |||
| Total (fed.&nonfed.) | $ 251,200 | ||||
| The
Kerry Committee
('02 re-election) > |
$ | $ | $ | $ | |
| Sen. Joe
LIEBERMAN (7) |
ROCPAC
(formed late March 2001) (FEC) |
$ | $ | $ | $ |
| others to watch | |||||
| Sen. Joe
BIDEN |
Citizens
for Biden
('02 re-election) > |
$ | $ | $ | $ |
| Sen. Chris
DODD |
Friends of Chris Dodd 2004 > | ||||
| Sen. Russ
FEINGOLD |
Feingold Senate Committee > | ||||
| Sen. Hillary
Rodham CLINTON |
HILLPAC (FEC) | $ | $ | $ | $ |
Notes.
1. Gore held four
fundraisers for Leadership '02 in this quarter: April 30 in Los Angeles,
June 24 in Chicago (2), and June 26 in New York. An aide explained
that Gore was working on his book and had firm and tight deadlines to meet.
2.
3.
4. The Optimists' federal account showed it received contributions.
Edwards' astounding
second quarter Section 527 (soft money) total of $1,890,350 included:
$250,000 from producer Steven
Bing (Shangrila Entertainment);
$100,000 from the Law Offices
of Reagan Silber & Trevor Pearlman, LLP of Dallas, TX;
$100,000 from attorney Frederick
Baron of Dallas, TX;
$100,000 from the law firm
of Foster & Sear of Arlington, TX;
$100,000 from attorney Ronald
L. Motley of Charleston, SC;
$100,000 from attorney Tab
Turner of North Little Rock, AR;
$95,000 from attorney Shephard
A. Hoffman of Dallas, TX;
$75,000 from the law firm
of Waters & Kraus of Dallas, TX;
$58,000 from the law firm
of Lopez, Hodes, Restaino, Milman, Skikos & Polos of Newport Beach,
CA;
$50,000 from the law firm
of Fisher, Boyd, Brown, Boubreaux & Hugeunard of Houston, TX;
$50,000 from attorney John
M. O'Quinn of Houston, TX;
$50,000 from attorney Bruce
A. Broillet of Los Angeles, CA;
$50,000 from the law firm
of Cooney and Cooney of Chicago, IL;
$50,000 from attorney Thomas
A. Moore of New York, NY;
$46,000 from attorney James
H. Nance of Melbourne, FL;
$38,000 from attorney James
R. Duffy of Uniondale, NY;
15 $25,000 contributions
(mostly from attorneys/law firms, but also including one from Eric E. Schmidt,
CEO of Google)...
Adding the Optimists' total
$2,061,021 and the $536,615 raised for his 2004 re-election campaign, Edwards'
grand total for the quarter was $2,597,635.
5. Gephardt's Section
527 (soft money) account garnered
6. Kerry's Citizen Soldier Fund did no events this quarter; the money was all raised over the phone.
Kerry's Section 527 (soft money) total receipts of $159,000 included
Kerry's re-election campaign
7. Lieberman did about
10 fundraisers in the second quarter to raise this sum.
Copyright © 2002 Eric M. Appleman/Democracy in Action