Comment on Few New Mega-Donors Join 2016 Fundraising

Few New Mega-Donors Join 2016 Fundraising

The 2016 presidential race may be a whole new ball game in terms of fundraising, but most of the players’ names are awfully familiar — even if their faces are a bit more lined. Very few of the top donors to the super PACs backing one of the many GOP White House hopefuls or handful of Democratic candidates are new to giving substantial political gifts, according to a review of Federal Election Commission data by the Center for Responsive Politics, and many have been active for decades. The relative absence of new faces in the very small pool of really big donors magnifies the impact of ultra-wealthy individuals who have been participating in the process for years — the Robert McNairs, Jeffrey Katzenbergs and Richard Uihleins of the fundraising world. But they are anteing up more than ever before as their favored candidates’ campaigns become ever more intertwined with the super PACs, announcing combined fundraising totals and splitting up activities, like voter outreach, that once were firmly functions of the campaign committees — not the supposedly independent outside groups. While there are no complete ingenues among the rosters of top donors to the super PACs, which filed their disclosure reports for the first half of the year this week, there are a few who previously haven’t given sums anything like those they are notching this year.

 

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