Obama Strong with Major Donors, Too
By Matthew Mosk
Sen. Barack Obama's campaign has been widely hailed for its ability to tap into the scarce resources of the average political enthusiast and generate small donations online.
But in July -- just as in June -- Obama was extremely reliant on major donors who can afford to write a check for $28,500 or more. Of the $51 million he raised in July, $12 million came in transfers from donors to the Democratic National Committee's victory fund -- the very donors who write the biggest campaign checks.
With $400 million raised so far from 2 million donors, Obama's average contribution is about $200.
That low average figure isn't quite as groundbreaking as it may seem. In 2004, the Bush campaign raised $260 million from 1.3 million donors -- and also had an average donation of $200.
(The limit on contributions in 2004 was $2,000; today it is $2,300.)
Small donors did have a substantial presence in Obama's donor universe in July, as well. His latest financial disclosure report, released late last night, showed about $16 million in unitemized contributions, meaning they arrived in increments of less than $200.
Posted at 5:54 PM ET on Aug 21, 2008
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