In the past week, seven donations of $250,000 each have increased the amount raised for President Bush's second inauguration to more than $8 million.
The donations are among $3.3 million raised in the past six days, according to the Presidential Inaugural Committee. An updated list of major donors was posted on the committee's Web site yesterday.
The inauguration is expected to be one of the most expensive in history. Inaugural organizers initially estimated that the cost for three days of events would reach $50 million.
Last week, the committee said it would spend $30 million to $40 million, all of it paid for by private donations.
Of the 26 donations listed yesterday, 16 were from corporations and 10 were from individuals. The individual donations ranged from $25,000 to $100,000. Corporate amounts ranged from $10,000 to $250,000, which is the maximum amount the committee has decided it will accept.
Among the largest corporate donors were ChevronTexaco of Concord, Calif., and Ameriquest Capital Corp., of Orange, Calif. Roland E. Arnall, chairman of Ameriquest, raised more than $200,000 for Bush's reelection campaign.
Thomas F. Petway III, of Jacksonville, Fla., donated $100,000 to the inaugural committee. Petway, chief executive of Zurich Insurance Services, was also a major campaign fundraiser for Bush, raising more than $200,000, which earned him a "Ranger" designation in the Bush campaign fundraising organization.
James A. Haslam II of Knoxville, Tenn., donated $50,000, as did his oil company, Pilot Corp. Haslam is the father of Knoxville Mayor Bill Haslam. John W. Childs of Boston, president of JW Childs Associates, a private equity investment firm that manages more than $3 billion of equity capital, gave $100,000.
The inaugural committee has established two categories for major donors. Sponsors contribute $100,000, and underwriters contribute $250,000.
Both levels give donors access to inaugural balls, as well as to lunch and dinner with Bush and Vice President Cheney.
Bush's first inauguration cost about $40 million. President Bill Clinton's second inauguration cost $29.6 million.
The other corporations that donated $250,000 in the past week were Corporate Capital LLC of New Orleans, Argent Mortgage Co. of Orange, Calif., Long Beach Acceptance Corp. of Paramus, N.J., Town and Country Credit of Irvine, Calif., and Golden Eagle Industries of Charlotte.