President Obama’s special large-donor campaign vehicle, which can accept donations of more than $100,000 — far more than individuals can give to standard campaign committees — continued to take in money weeks after the election, raising $1.8 million between November 27 and December 31, record show.
The Obama organization, which is in the process of transitioning to a nonprofit entity called Organizing for America, transferred $5.5 million to the campaign itself, which will employ the campaign’s assets, including its valuable supporter databases, to advance the president’s legislative agenda.
That nonprofit will be able to take contributions in unlimited amounts from corporations and wealthy individuals, a first for a sitting
president, and one that critics say opens the door to influence-peddling.
The numbers also emphasize the fundraising workhorse that the president has assembled, raising money even after the urgency of Nov. 6 had passed.
The Obama organization also gave a boost to fellow Democrats by transferring money to Democratic party committees in Colorado, Florida, Wisconsin and Virginia, all of which will see competitive governors’ races in the next two years.
