Wednesday 22 February 2012

Adelsons gave big to pro-Newt PAC (Politico)

Pro-Newt Gingrich super PAC Winning Our Future raised more than $11 million in January ? with almost all of it coming from one couple, new federal records show.

Casino mogul Sheldon Adelson?s $5 million donation on Jan. 6 preceded another $5 million on Jan. 24 from his wife, Miriam Adelson.

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The cash helped fuel more than $9.76 million in spending by the super PAC, which is run by former Gingrich staffers.

Winning Our Future reported $2.44 million cash on hand through January.

Winning Our Future official Rick Tyler declined to elaborate on the super PAC?s fundraising or plans going forward, telling POLITICO, ?I?m optimistic ? I?m not going to say more than that.?

By comparison, pro-Mitt Romney super PAC Restore Our Future today reported raising $6.6 million and spending $13.9 million in January.

Gingrich has struggled to maintain momentum in the Republican presidential primary after winning the South Carolina primary in late January ? a victory thanks in part to Winning Our Future?s heavy spending in the Palmetto State.

The former House speaker looks to make what could be his last stand during the March 6 Super Tuesday primary and caucus contests, when his home state of Georgia is in play along with nine other states.

After the Adelsons, the next biggest donation to Winning Our Future ? $500,000 ? came from Dallas billionaire Harold Simmons, matching a donation he gave for that amount to the super PAC late last year.

Simmons, long a top donor to conservative causes, is spreading his donations widely among GOP-allied super PACs this cycle, also giving $100,000 last month to the super PAC supporting Gingrich rival Mitt Romney.

And that?s on top of donations he gave last year of $7 million to the Karl Rove-linked American Crossroads, and $1 million to the super PAC that supported Rick Perry?s since-aborted presidential campaign.

The only other large donations came from Margaret C. Caveney, a South Florida retiree who gave $250,000; Michael E. Martino, a Connecticut investor who gave $100,000, and Stephen Muss, a Miami real estate developer who gave $50,000.

The remaining 103 donors gave a total of $56,251. Winning Our Future did not accept any corporate contributions in January, although super PACs are allowed to do so.

As the Adelsons have sent mixed signals about whether they intend to continue donating to the super PAC, its officials indicated they intended to broaden its donor base.

The Monday report shows that it spent $216,000 on fundraising. But $156,000 of that went to Becky Burkett, a former Gingrich aide who helped a now-defunct Gingrich political group raise $7 million from Adelson. Another $50,000 went to a Purcelville, Va., firm called Foundry Road, LLC, while $10,000 was paid to a San Francisco firm called Piryx Inc.

Gregg A. Phillips of Austin, Texas, also received $90,000 in January for ?consulting? and ?strategic planning? service.

And Winning Our Future spent $38,475 last month on survey research, its filings show.

Winning Our Future?s spending and fundraising in January dwarfed its efforts from the month before, although this is hardly surprising, since the super PAC only formed during the middle of December.

In December, it raised just a shade above $2 million and spent less than $911,000.

Super PACs may raise and spend unlimited amounts of money to overtly support or oppose political candidates so long as they do not coordinate with the candidates they?re backing.

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//us.rd.yahoo.com/dailynews/external/politico_rss/rss_politico_mostpop/http___www_politico_com_news_stories0212_73088_html/44597551/SIG=11m4g6ikt/*http%3A//www.politico.com/news/stories/0212/73088.html

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