“It has been a challenge to get donors on the Republican side to reengage,” Spies said.
Seven months after the 2012 election, a lingering hangover among conservative donors has stalled efforts by right-leaning independent groups to fill their coffers. Wealthy contributors who dashed off six- and seven-figure checks last year are eyeing super PACs and other politically active groups more skeptically, frustrated that the hundreds of millions of dollars spent to elect Romney went for naught.
“There’s donor fatigue,” said Fred Malek, a veteran GOP operative wired into high-net-worth circles. “Everyone was in a frenzy of giving up until the November elections, and then everyone was sort of worn out on the whole process. It’s very hard to raise money after an election, especially after you lose.”
Several Republican fundraisers said they remain optimistic that the money spigot will reopen as the 2014 congressional elections approach. But this time around, donors are seeking to be more judicious about where they put their money, asking groups for detailed strategy and spending plans.
“At the moment, I’m kind of in a waiting and watching mode,” said Howard Leach, an ambassador to France under President George W. Bush. In 2012, Leach gave $100,000 each to Restore Our Future and American Crossroads, the conservative super PAC co-founded by former Bush political strategist Karl Rove.
Post-election donor apathy is not limited to the political right. Organizing for Action, a nonprofit group launched by former advisers to President Obama to back his agenda, has halved a $50 million fundraising goal for its first year after slower-than-expected fundraising, according to people familiar with the group’s plans. The decision came after the group reversed course and said it would not accept corporate funds.
But the pressure to bring in big checks is greater for pro-Republican groups, which have not been able to match the extensive small-donor network that was built by Obama’s campaign and that OFA is now drawing on.
There are signs that donor reticence stems in part from dissatisfaction with the uneven track record of super PACs, which report their funding sources, and opaque nonprofit groups, which do not disclose their donors. Both types can raise unlimited funds.
One well-connected Republican donor and fundraiser, who has held off writing big checks to outside groups since the election, said he is among a group of top contributors now questioning the value of financing such organizations, which operate independently of candidates and party leaders.