(CNN) – President-elect Barack Obama’s transition team released its donor list Monday as part of a pledge to “to run the most open and transparent transition in history,” according to a written statement from the transition.
According to the statement, almost $1.2 million had been raised from 1,776 donors as of November 15. While Congress has appropriated $5.2 million for the transition, Obama’s team anticipates overall transition costs of roughly $12 million. The estimated $6.8 million funding gap will be closed by private donations — a task complicated by Obama’s strict limitations on both sources and amounts that can be given by any individual.
“The Obama-Biden Transition project only accepts contributions from individuals’ personal funds – we refuse all donations from corporations, labor unions, and PACs,” the statement noted. “Individuals may not donate more than $5,000. We also refuse all contributions from registered federal lobbyists and registered foreign agents.”
Last week, on Tuesday, the newly-named co-chairs of Obama’s inaugural committee — former Commerce Secretary William Daley, Obama campaign finance chair Penny Pritzker, national finance director Julianna Smoot, businessman John W. Rogers, and Republican Patrick Ryan — released a joint statement that the transition effort would not accept individual donations higher than $50,000.
For the past 20 years, federal funding requirements have called for transition teams to release a list of donors. That disclosure is not required until 30 days after the inauguration, but Obama has pledged to release those names on a monthly basis.
I know I'm on the list and proud of it!
Good move President Elect, looks like we are already headed the right direction. Mr. Obama is leaving his promises. I pray that this continues throughout his term. It's time for the American People to own the government they have chosen to lead for the next 4 years. This transparency gives ownership back to the people.
Would like to see a breakdown of the costs for the transition as
cannot understand why it will cost $12 million.
Of course, do not know what all is involved and included, but this
seems to me could be included in budget expenses being
When does the vetting of Obama begin?
I am proud that we supported OBAMA's campaign with monthly $50 donations!
I like what Barack is doing already. It really appears to have honest and integrity connected with it. Please don't blow is, Barack!
That's great, now that he's elected. How about the donors list of all the foreigners who financed his campaign run??????
Just stay Honest with the people Barack Obama, and you will do great. Trust is the first thing that a president should EARN.
I think Obama gets it; unlike the fool we have in office right now.
To bad he didn't say that for the Campaign...
Unions, Corps, big buisisness and personal iterest were fine then...
Ahhh... Change we can believe in... like Clinton's in the White House...
Great leadership Obama
Bush is right about a very small percentage,but the majority voted for Obama expecting more handouts, they're going to be in for a big surprise Obama should remember how within a milli second they did a 360 on the Clintons.
Words can't describe the happiness I feel right now. Even though the economy is bad, we are still in this ridiculous war, THERE IS HOPE PEOPLE!! If McCain would have won, I don't think people would have been this full of hope, no matter their politics. Barack Obama is showing us, day in and day out, what a great leader he will be and what a great person he is in general. The man is rational and truly intelligent and we should all feel lucky to have him as our next President. It's so great to see rational adults back in power!!!
The Obama Administration will be smoking!
He has a kick _ _ _ coalition-They will be a force in this world, with God's help!
We will keep praying!
This is my country, land that I love...God bless America, my home, sweet home!
Oh cool! I'll get to see my name on there!!
Big points for transparency and REAL values.
Good deal, I wondered how they would do it. I will donate my $20.00 when I get home :)
Now that's transparency, I think we are in for a remarkable era in US government in a long time.
Creator knows that I am proud today! :)
As I have said in the past, Barack Obama owes no one; but the People who supported him in this election! Say what you will, that makes him a true Man of the People FOR the People!
A new day is dawning.... get ready, People, buckle your seat belts and get ready to be dazzled! *LOL*
Oh, ye of little faith, nay sayers, and sore losers…. hold thy words and thou shalt see that a good and honest man has been brought into office…. and in time thou shalt have to eat thy negative words! :)
And, SERIOUSLY….. Get over it! YOU LOST! *LOL* And We have ALL WON!
This sounds like it is more restrictive than the campaign was... I hope that this isn't too large given the fiscal crisis that is going on. Is there any mention of donations of left over food being givien to shelters and other charitable groups? What other groups are doing bashes to celebrate Obama becoming president?
Change has come to America- This is not an empty slogan.
This is change at work...
Thank you my President.
Does anyone else wish that tomorrow was January 20th? Just wondering...
Re S.B. Stein E.B. NJ comment–
Not sure what you talking about regarding "left over food".
This is the "transition team" effort we're talking about.
Maybe you're thinking of the actual inaugural events???
When does the vetting of Obama begin?
Keep your fingers crossed.
Obama took corporate money during the campaign and lied about it. Instead of "lobby" money he took corporate money channeled through individuals. Is that a different color of green?
He will take more corporate money now and no one seems to care if he lies.
It was wrong when Bush lied. It is wrong when Obama lies.
It is OK to question the government. It is OK to say what you see and call out the lies.