The article misstated a breakdown of the $12.million cost of Barack Obama's transition. The government will contribute $5.3.million, while the Obama team hopes to raise $6.7 million.
Obama Lists $1 Million-Plus In Donations for Transition
Tuesday, December 2, 2008
President-elect Barack Obama's transition team announced yesterday that in the 10 days after the election it raised more than $1.1 million from 1,776 donors to pay for transition costs.
That accounts for roughly a third of the team's $3.5 million goal, which will be added to $8.5 million in taxpayer funds that are provided.
Donors are limited by law to a $5,000 maximum contribution, and Obama has banned donations from corporations, unions, political action committees, registered federal lobbyists and registered foreign agents.
The list is full of many of the same names that helped drive Obama's campaign fundraising to record levels.
Among the former Obama "bundlers" giving the $5,000 maximum are James and Paula Crown, members of the Crown dynasty of Chicago that holds a large stake in defense contractor General Dynamics; Alan Solomont, the Boston financier who led Obama's New England fundraising operation; and John Rogers, chief executive of Ariel Management in Chicago and ex-husband of Desiree Rogers, who has been named White House social secretary.
The list is generally dominated by the worlds of finance, law, medicine, academia, high technology and entertainment.
Giving the maximum in the entertainment world are filmmaker George Lucas, Sony CEO Andrew Lack and Warner Music Group CEO Edgar Bronfman Jr.
Google CEO Eric Schmidt gave the maximum amount; he is one of half a dozen Google employees who gave a total of $14,700.
Philanthropists Herb and Marion Sandler, who recently sold subprime lender Golden West, gave $5,000 each.
The list also included many of more modest means, suggesting the transition team was able to tap into the campaign's broad base of small donors. Among those making donations of $200 or less was an employee of the National Gallery of Art, a planner at Island Style Weddings in the Virgin Islands and a Wendy's worker in Pennsylvania.