Skip to comments.Giuliani Reports Skyscraping Early Money Total for White House Bid
Posted on 04/19/2007 1:50:48 PM PDT by areafiftyone
Former New York City Mayor Rudolph Giuliani has led the long list of 2008 Republican presidential contenders in early preference polls and his perceived position as the front-runner, at least for now, was not contradicted by his recent campaign finance report, which shows he has already built a sizable treasury.
Giulianis campaign reported total first-quarter receipts of $16.6 million, which included a $1.85 million transfer from the presidential exploratory committee he established last November.
With total receipts of $18 million for his campaign to date, Giuliani leads all but three of the current crop of White House hopefuls Democratic Sens. Hillary Rodham Clinton of New York and Barack Obama of Illinois, and Republican Mitt Romney, the former Massachusetts governor in overall campaign receipts.
Giuliani ended the quarter with $11.9 million left to spend. All but about $1.1 million of Giulianis funds were raised for the nominating campaign, with the rest for possible use in the general election should he win the nomination.
Giulianis report includes numerous donations that highlight his ties to New York, the nations most populous city, which Giuliani headed as mayor from 1993 through 2001.
As an example, Giuliani received contributions from about 30 employees of Lehman Brothers, the large financial services firm that is headquartered in New York.
Giuliani is a longtime fan of baseballs New York Yankees, who happened to win four World Series titles during his eight years as mayor. Several team executives, including principal owner George Steinbrenner, gave to Giulianis presidential campaign.
This profile of Giulianis report is the latest in a CQPolitics.com series that is analyzing the first-quarter campaign finance filings of all 19 Democratic and Republican candidates.
Former New York City Mayor Rudolph Giuliani
Receipts, Jan. 1 to March 31: $16.6 million
Receipts to date: $18 million
Expenditures, Jan. 1 to March 31: $5.7 million
Expenditures to date: $6.1 million
Cash-on-hand, March 31: $11.9 million
Debts, March 31: $89,000
Notable individual donors (who are allowed to contribute $2,300 to a candidate for a primary campaign and $2,300 for a general election campaign)
John F. Antioco, chairman and chief executive officer of Blockbuster: $2,300
Richard D. Beckman, president of Conde Nast Media Group: $2,300
Brian Cashman, general manager of the New York Yankees baseball team: $2,300
Miguel Estrada, a partner at the firm Gibson, Dunn and Crutcher and an unsuccessful nominee for a federal judgeship in 2003: $2,300
Alan D. Feld, a senior executive partner at the firm Akin Gump: $2,300
John Grant, professional staff member for the Senate Homeland Security and Governmental Affairs Committee: $250
Keith Hernandez, sports broadcaster and a former professional baseball player for the St. Louis Cardinals, New York Mets and Cleveland Indians: $1,000
Michael D. Hess, a founding partner and senior managing director of Giuliani Partners LLC and Giulianis former corporation counsel during his mayoral tenure: $4,600
John OHurley, actor: $4,600
Susan Molinari, chairman and chief executive officer of The Washington Group and a former House member from New York (1990-97): $1,900 (Molinari also gave Giulianis campaign $2,100 in late 2006, bringing her contributions to $4,000)
Theodore B. Olson, partner at Gibson, Dunn and Crutcher and a former U.S. solicitor general: $2,500 (Olson also gave Giulianis campaign $2,100 in late 2006, bringing his contributions to the maximum of $4,600)
Adam Sandler, actor: $2,100
Charles R. Schwab, chairman and chief executive officer of Charles Schwab Co.: $2,300
Ben Stein, an author and actor who served as an aide to presidents Richard M. Nixon and Gerald Ford: $750
George Steinbrenner, principal owner of the New York Yankees: $4,600
Chad Sweet, chief of staff at the U.S. Department of Homeland Security: $4,600
James S. Turley, chairman and chief executive officer of Ernst & Young: $2,100
Candidate committees and political action committees (PACs)
One of Giulianis strongest supporters in Congress is California Republican Rep. David Dreier, who donated $2,300 through his House campaign committee and another $5,000 through another political committee, American Success PAC.
Pennsylvania Republican Rep. Charlie Dent, who represents the 15th District in and around Allentown and Bethlehem, donated $2,300 through his political committee, Dedicated to Establishing National Teamwork PAC, which forms an acronym of the congressmans last name.
Among his political supporters at a more grassroots level is West Virginia state Sen. Vic Sprouse, whose campaign committee gave Giulianis campaign a $1,000 contribution.
Giulianis campaign reported spending $897,000 on payroll to 82 individuals. Other expenses included $225,000 on postage including a payment of $167,000 to the Austin, Texas-based firm Olsen & Shuvalov. Giulianis campaign also spent more than $116,000 on catering.
Says you troll.
Are you referring to me, or nameless "others"?
Well. Rudy is from New York, like Hillary, a large-money state. But he got only half the money she did.
Rudy is the clear front-runner in the GOP, almost double the support of the 2nd best candidate, but he’s not even close to being first in raising money even in his OWN party. He got skunked by a guy with only 10% max in the polls.
Rudy is an investment lawyer, and has had 4 years when he could do all the campaigning he wanted to, but he couldn’t even raise as much money as Barack Obama, a 1st-term senator who was an unknown until two years ago.
Skyscraping? Well, 9/11 is the only reason Rudy is even in the race, but his fundraising isn’t even “Empire State Building” impressive.
Fredbot mantra: Just wait till Fred announces. No one else will be visible in his dust. Of course the polls don't quite show that yet.
Duncanbot mantra: Wait till next election (How the heck do you get this freight train in gear?)
Absolutely not! Those people were supporting Alan Keyes and Pat Buchanan and they were not “right” back then.
Are you now attacking people with conservative principles in your sick support of the abortionist pig Rudy Giuliani?
(That's Pudge in the first picture, for those of us who remember him a bit older and pudgier.)
You must be referring to stem cell research from embryos. There is nothing Pro-life about preventing stem cell research from other sources. In fact, it is quite the contrary.
Jim, I am not attacking Bush. I simply made the point that to ME, someone staunchly pro-life would NEVER support spending tax dollars on embryonic (my miswording) stem cell research. It had NOTHING to do with Giuliani, it had everything to do with how our tax dollars are being spent.
Thanks for the clarification. My mistake.
I was, thanks!
What have previous GOP/Conservative presidents done to make all abortions illegal in America, since it was made legal?
We finally won the battle against PBA, thanks surprisingly, Kennedy and the new makeup of the SCOTUS. But that is the first victory in this war.
Except for nominating Supreme Court Justices, there isn't anything that a president can do, to stop legal abortions.
No problem. You do realize that our tax dollars do not support embryonic stem cell research, I hope? President Bush is pro-life.
Ben Stein is “from” Maryland, not NY.
If that’s true, we are seriously SCREWED.
A generality, based on the knowledge of who posted “principles” as some kind of honorable thing, when used to claim honor for backing some candidate with no chance of wining a primary and/or an election.
If Giuliani had been President the bill would have been vetoed that was just upheld.
Nominating Supreme Court Justices happens to be one of the most important things a president does while in office.
Neither have I ever voted for a Democrat.
Party over principle is what got us all the RINOS.
Why don’t people get that?