Federal Politics

Published — February 20, 2012 Updated — May 19, 2014 at 12:19 pm ET

Pro-Romney super PAC adds $6.6 million to coffers

Republican presidential candidate former Massachusetts Gov. Mitt Romney Chris Carlson/AP

Total raised by ‘Restore our Future’ reaches $36.8 million

Introduction

The super PAC that has played a pivotal role in keeping Mitt Romney’s presidential campaign going raised an impressive $6.6 million in January, bumping its total haul to $36.8 million since its founding last year.

“Restore our Future” has raised six- and seven-figure donations from a relatively small number of wealthy donors, including a large contingent of hedge fund managers and executives from private equity companies such as Bain Capital, Romney’s former employer.

There were no seven-figure donations in January, but 25 people gave $100,000 or more, according to a Federal Election Commission disclosure filing released Monday. Three wealthy donors gave $500,000 in January: Joseph Craft, president and CEO of Alliance Coal; Bruce Kovner of Caxton Alternative Management LP; And David Lisonbee, CEO of 4Life Research LLC.

Caxton is a multibilion-dollar hedge fund founded by Kovner; 4Life Research is a Sandy, Utah-based company that sells immune system support and anti-aging supplements among other products.

Among other top donors in January, renowned hoteliers J.W. and Richard Marriott, who are long-time supporters of Romney. Combined, the two gave $500,000 to go with $500,000 they gave in 2011, bringing their total contributions to the super PAC to $1 million. Retired hedge fund manager Julian Robertson of Tiger Management LLC gave $250,000 to go with the $1 million he gave last year, making him the PAC’s top donor.

Billionaire hedge fund manager, David Tepper, president of Appaloosa Management LLC, gave $375,000 in January.

Restore Our Future was founded by veterans of the 2008 Romney campaign. It has been criticized for its negative advertising campaign. The group has reported spending $20.6 million to date during the GOP presidential primary with roughly 90 percent of the total, or $18.4 million, going toward attacks against Romney opponents Newt Gingrich and Rick Santorum.

Among the super PAC’s founders is Larry McCarthy, known for the infamous “Willie Horton” ad that helped sink Democratic presidential nominee Michael Dukakis in 1988.

The group has also been less than transparent regarding its donors.

W Spann LLC, formed shortly before giving a $1 million contribution and dissolving soon after, was discovered to belong to former Bain Capital executive Edward Conard. iWatch News was first to report that a mysterious corporate donor to the super PAC was from a former Bain executive and his wife. Glenbrook LLC turned out to be Jesse and Melinda Rogers. Both are listed as having made $125,000 contributions.

The super PAC has managed to raise an extraordinary amount of money – even if casino owner Sheldon Adelson and family’s expected $20 million in contributions to the pro-Gingrich super PAC “Winning Our Future” are considered, the organization’s total will still be well short of the nearly $37 million raised by the pro-Romney group.

Michael Beckel and Peter Stone contributed to this report.

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SOUTH JERSEYTed SiroisMark SullivanTom LarkinAnonymous Recent comment authors
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Mark Sullivan
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Mark Sullivan

Trump needs to conduct these activities because the entire MSM media, excluding Fox, is campaigning against him 24/7/365.

Didn’t Monica’s boyfriend’s wife and various criminal enterprises outspend Trump by almost 2-1?

CapitalistRoader
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CapitalistRoader

Why wouldn’t he get an early start on fund raising? Hillary outspent him two-to-one in 2016. The Dem’s are the party of big money. The President knows this and is attempting to get a jump on it. Of course the Dem candidate will outspend him in 2020 so it’s only rational that he starts fund raising now.

George Young
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George Young

Oh brother. We just 8 years of the Campaigner – in – Chief. Where was this journalistic rectal thermometer then. Just another article about 2000 words too long that merely takes another slap at Trump for something he far from initiated.

j stevenson
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j stevenson

The big difference between Trump and all the rest is his refusing to accept funds from lobbyists, so they don’t have the White House access they are used to. These are the donors who buy the presidency and are as pixxed off that he won the election as are the media and the Dems. Lobbyists have never been shut out of the WH and Trump has told them he is not for sale.

jan v
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jan v

all the lobbyists are running all our government agencies and all the career civil servants who know how to run the country have been fired. YOU think this is a good thing ? what a crock…

thomas alessi
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thomas alessi

I am for Trump

Martin Shellabarger
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J. Stevenson, what are you drinking? Trump has more lobbyists in his administration than probably any other president. Trump is totally “for sale”, and the corporations know it. Grow a brain!

Anonymous
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Anonymous

Trump needs to be impeached and tossed in prison. Then have the key thrown away so he will never be free. Then he can see how it feels not to have freedom.

Mark Sullivan
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Mark Sullivan

Thank you for the usual insightful leftist low IQ Snowflake response.

barney
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hes not imprisoning them hes sending them back to their country chill tf out

SOUTH JERSEY
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SOUTH JERSEY

WHY DONT YOU HAVE FREEDOM?

Tom Larkin
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Tom Larkin

First, something positive. I was happy to learn of empirical information in article. BUT, the article was so slanted against President Trump as to be deemed fake news (“Perhaps Trump just lied.” (Two different issues)). The article mentions that President Trump raised over $67 million, but ended 2018 with $19 million. President Trump spent over $40 million 2016 and 2017. President Trump conducted 57 political rallies. The article notes the hats and T-shirts sold, but NEVER MENTIONS THE INCREASE IN THE NUMBER OF REPUBLICAN SENATORS during a mid-term election that lost the House and the number of political rallies in… Read more »

Ted Sirois
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Ted Sirois

At least Trump is getting donations from willing donors. Fresh from his first election, Obama used billions of our children’s tax dollars to save thousands of union jobs in the car industry and bailed out the banks and many Wall Street businesses. This secured his source of reelection funds for his reelection four years later.

South Jersey
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South Jersey

TRUMP 2020; IS AN AMAZINGLY SMART MAN! VERY ORIGINAL & CREATIVE. I AM HAPPY TO HAVE HIS AS POTUS.

SOUTH JERSEY
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SOUTH JERSEY

THIS ARTICLE WAS OBVIOUSLY WRITTEN BY, A TRUMP-HATE-GROUP. THAT FEELS; IT IS NOT NORMAL TO BE SUCCESSFUL WITH YOUR OWN BRAND NAME. WHEN, IF FACT, IT IS NORMAL! >>>>> THIS IS >>> FAKE NEWS!!! <<<< ie: A PACK-OF-LIES; SPUN INTO; DEFAMATION OF CHARACTER. FOR A SINISTER-AGENDA OF; FASCIST DEMOCRATIC SOCIALIST, COUP D'ETAT

David
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David

Are you on some kind of drugs? Writing in caps makes me think that you are grumpy old fart or a uneducated hillbilly.