|John Kerry for President Inc.
On December 4, 2002, Sen. Kerry filed papers with the FEC establishing John Kerry for President Inc., an exploratory committee. James M. Jordan served as the campaign manager for the first eleven-plus months; however, on November 10, 2003 Kerry announced that Mary Beth Cahill would take over. Louis B. Susman, Chicago-based vice chairman of Salomon Smith Barney Investment Banking, is national finance director. (Peter Maroney served as finance director until it was announced March 13, 2004 that he would move to the DNC to serve as national finance co-chair). Robert Farmer, who gained fame as finance director for Michael Dukakis' 1988 presidential campaign, is treasurer.
See table and notes below. Does not include compliance committee finances.
Center for Responsive Politics' opensecrets.org: John Kerry
Center for Public Integrity: The Buying of the President 2004: Senator John F. Kerry
**includes loans totalling $2,887,965.75 from Kerry
***includes $3,400,000.00 loan from Kerry
May 2004 (June
Report): In May the campaign reported outraising the Bush campaign
for the third straight month and reaching its 2004 goal of $100 million
nearly 2 months early. In the month the campaign raised $10.8
from direct mail and phones (141,000 contributions from mail and phones
in the month) and over $9 million at JohnKerry.com (90,000
Report): The campaign announced on April 14 that it broke "a
campaign fundraising record, as well as a New York record, for most
raised in one night for a presidential campaign." It reported raising
$6.5 million in an event at the Sheraton New York ($6 million) and a
Core” young professional event at Crobar ($500,000). The previous
record had been set by Bush-Cheney in a June 2003 event, also at the
New York ($4.8 million). On April 13 Kerry set a Boston record by
raising $4.1 million for the campaign.
Report): On April 2, 2004 the campaign announced a record-breaking
month and quarter. It reported raising $38 million (later revised
upward) in March, bringing its total for 1st Q 2004 to over $50
This easily eclipsed the previous record for amount raised in quarter
a non-incumbent (Bush $29.7 million in the 2nd Q 1999). The
was a huge factor in this success, accounting for $26.7 million of the
$50 million raised in the quarter. On March 4, 2004 JohnKerry.com
raised $2,600,000, and in the ten days following Super Tuesday, March
it raised $10 million on the website. The campaign reported
individual online contributions during March. Also, on March 19,
2004 the campaign released an updated
list of top fundraisers.
Report): With Kerry's successes came a surge in contributions;
contributed $7,817,945.62 for the month.
Report): Contributions from individuals, $4,116,258.39. $3,400,000.00
loan at 3.125% variable rate secured by personal residence, January 5,
4th Q 2003:
“Senator Kerry has fulfilled his promise to invest in his own campaign. This is a clear statement by John Kerry – he is in the race to win the nomination and defeat George Bush.
“Over the last week, Senator Kerry has initially loaned his presidential campaign $850,000 from his personal credit.
“Additionally, he is in the process of obtaining a personal loan secured by the family home in Boston. When the details are finalized, our campaign will disclose the appropriate information.
“Senator Kerry will keep all his options open under the law on further funding of the campaign.”
--On December 24, 2003 the campaign announced in a statement from Campaign Manager Mary Beth Cahill, "Senator John Kerry has finalized plans to loan his presidential campaign over $6 million. The personal loan was secured through a mortgage on his share of the family's home in Boston."
-The FEC report
- $500,000; 12/15 - $350,000; 12/19 - $250,000; 12/24 -
Aggregate - $2,889,364.54.
3rd Q 2003:
$4 million raised in the quarter ($3,950,549.03 in individual
put the Kerry campaign a distant second among the Democratic
more than $10 million behind the Dean campaign. Also in this
Kerry's campaign spent $3 million more than it brought in. The
earned some positive press by releasing a list of its top
(An Oct. 21 editorial in the Washington Post said the release
the list "puts him in the forefront of meaningful disclosure.")
showed 30 fundraisers who raised $100,000 or more and 79 who raised
$50,000 and $100,000. The campaign also brought in $92,950.00 for
its GELAC Fund, bringing its total up to $158,698.50.
2nd Q 2003:
Contributions from individuals for the quarter were $5,807,384.57.The
line from the Kerry campaign's press release on its second quarter
is: "The Kerry campaign has banked $10,862,059, a sum unprecedented for
any Democratic candidate at this stage of a presidential
The release notes that at the same time in the 2000 primary, Al Gore
$9.4 million in cash on hand and Bill Bradley had $6.0 million.
1st Q 2003:
Contributions totalled $7,006,492.00 and came from approximately 15,000
individuals. The bulk of Kerry's fundraising came through a
series of national "Kickoffs" around the country. February
26th Los Angeles and Orange County - February
San Diego - March 4th Cherry Hill,
- March 11th New York - March 12th
- March 13th San Francisco - March
18th Detroit - March 19th Chicago
March 20th Miami - March 21st Palm
- March 25th Edison, NJ - March
Washington, DC - March 27th Rhode Island and
There were also smaller events and direct mail and $450,000 in
were raised via the Internet. The campaign noted (4/15/03
that the $8 million cash on hand "is the most any Democratic
candidate has ever had in the bank at this point in the nominating
By comparison at the end of the 1st Q in 2000 Gore had $6,850,544 cash
on hand and Bradley $2,827,245. See also 1st
Year End 2002: The $3,151,898 in total receipts for year end 2002 includes transfer of $2,650,000 from the Kerry Committee, meaning Kerry raised about half a million dollars ($501,898) in December. Kerry held his first fundraiser in Miami on Dec. 6, 2002 and did a total of ten fundraisers in less than two weeks: 12/6-Miami, 12/7-Puerto Rico, 12/9-Tampa, 12/9-Orlando, 12/10-Philadelphia, 12/10-New Jersey, 12/11-Boston, 12/12-New York, 12/17-New York, and 12/17-Washington, D.C..
Citizen Soldier Fund
On December 17, 2001 Sen. Kerry opened the Citizen Soldier Fund, a leadership PAC, to help Democratic candidates. The PAC raised more than $1.9 million and made significant contributions to candidates and committees in Iowa, New Hampshire and South Carolina, in addition to purchasing the Iowa and New Hampshire Democratic parties' voter files. Citizen Soldier Fund also conducted a couple of trainings for young activists.
2. Top contributors:
* indicates transfer to Citizen Soldier Fund
Over the six-year cycle, the Kerry Committee raised $14.0 million and spent $9.1 million, finishing with $2.9 million in cash on hand. Of the $9.1 million, about $3.2 million went to pay off debts from Kerry's tight 1996 campaign against William Weld. Kerry will be able to convert the $2.9 million in unused funds to a presidential campaign. He also built up a direct mail list with about 200,000 names.
Copyright © 2002, 2003, 2004 Eric M. Appleman/Democracy in Action