Mr. Obama's List of Inauguration Donors Is Disclosed
On Friday, Dec.12, the Presidential Inaugural Committee (PIC) has published the names of donors whose contributions are being used to stage the Presidential Inauguration on Jan. 20, 2009.
In a statement, the PIC said the move is consistent with "the President-elect Obama's commitment to change the way business is done in Washington."
The Presidential Inaugural Committee has raised almost $10 million so far to cover the costs of putting on a four-day fete that may draw the biggest crowd ever for an inauguration, casting the fundraising as ground-breaking in its restrictions and transparency.
Individuals are also limited to giving $50,000, considerably less than the $250,000 corporate and individual donations.
Bundlers, individual donors who gather contributions on behalf of the committee, will be limited to $300,000 donations and will be identified on the PIC's website.
The committee unveiled a new page on its website , that shows every such donation within 48 hours of receipt.
The list can be sorted by donation amount, and the contributor's name, home town and employer. The money will go toward everything from JumboTrons on the Mall to staging 10 official Inaugural balls.
The list of donors and bundlers shows contributions coming from 28 states so far, with a strong contingent of celebrity and power brokers.
Six pages of donors available yesterday on the inaugural committee Website showed 169 individuals donating $50,000 each, including hedge fund billionaire George Soros, a well-known supporter of liberal causes, three of his children and a daughter-in-law.
The celebrity contingent includes actors Sharon Stone, Halle Berry and Jamie Foxx, Motown founder Berry Gordy and producers Robert Zemeckis and James Lassiter. They each gave $50,000.
Local power brokers are also on the list. District real estate developer Herb Miller contributed $25,000, and Maryland real estate developer Morton Funger and Virginian Anthony Welters, executive vice president of United Health Group, each gave $50,000.
The unofficial Inaugural balls are not supported by the PIC as discussed in another NP article by this writer.