Pro-Romney super PAC brings in almost $21 million in June
July 20th, 2012
08:19 PM ET
10 years ago

Pro-Romney super PAC brings in almost $21 million in June

Washington (CNN) – The major super PAC backing Mitt Romney saw its largest monthly haul in June – thanks in large part to one generous Nevada couple.

Restore Our Future brought in $20.7 million in last month, giving the group a major cash advantage in its efforts to boost the presumptive Republican nominee, whose campaign continued to be the target of a multi-million barrage of negative ads from President Barack Obama's re-election team.

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The information about Restore's financial status came in its filing Friday afternoon with the Federal Election Commission for the month of June. The group reported it had $21.6 million on hand – as of the end of June - and spent $7.6 million last month on television and internet ads.

While Team Romney and its joint fund-raising effort with the Republican National Committee out-raised the president and the Democrats for the second month in a row, Romney's campaign also faces financial obstacles because some of the money it is now bringing in cannot be used until after the Republican convention – when Romney is to officially become his party's nominee.

Dramatically helping Restore's fund-raising was a pair of $5 million contributions by Republican donor Sheldon Adelson and his wife Miriam, donations which CNN previously reported. That was their first donations to this super PAC, although they had given $20 million to similar group which backed former GOP presidential candidate Newt Gingrich, Winning Our Future.

The Adelsons' funds were two of five contributions of at least $1 million given to the Restore Our Future last month.

Major Republican donor Bob Perry, a Texas home builder, donated $2 million last month, bringing his total infusions into the PAC to $5 million. In 2004, he was a key backer of the group Swift Vets and POWs for Truth, which ran ads against Democratic presidential nominee John Kerry raising questions about his Vietnam war record.

Other notable donors to Restore last month were: John Childs, a Florida CEO who gave $1 million; investor Trammel Crow, who gave $500,000; and $100,000 contributions each from investment executive Henry Kravis and Oxbow Carbon, a Florida energy services company.

Among the first-time donors to Restore were: Foster Friess, the Wyoming investment executive who had been a major booster of Rick Santorum and the super PAC that backed his candidacy and Joe Ricketts, the retired TD Ameritrade CEO, who pitched in $100,000. Ricketts was a key backer of a different group called the Ending Spending Action Fund, which became controversial when it was presented a proposal in May to run ads linking President Obama to comments by his former spiritual adviser Rev. Jeremiah Wright.

So far this year the group has spent $54.1 million on behalf of Romney and has raised $52 million this year.

Filed under: 2012 • Mitt Romney
soundoff (27 Responses)
  1. Anne P

    Funny how these secret donors don't mind forking out millions for a campaign to take back the White House, but to cough up their fair share of taxes is just, well, too taxing for them! Laughable! Just got to get that black man out of the White House, don't they? They're freakin' panicked to the point of dumping bucket loads of cash to the cause. Pathetic and sad that our country allows our government to be sold to the highest bidder. Oh well...didn't work for Whitman in CA.

    July 21, 2012 10:46 am at 10:46 am |

    Where's your tax returns you Gop tax cheat ,Gop train wreck coming with romney the clown and BACHMANN on board , by by .

    July 21, 2012 10:47 am at 10:47 am |
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