Dem convention used corporate cash, despite pledge
CHARLOTTE, N.C. (AP) — Last month's Democratic National Convention in Charlotte relied on at least $5 million in corporate donations, despite repeated pledges by top party officials to only use money raised from small, individual donors.
Reports filed Wednesday with the Federal Election Commission show the convention's host committee raised $24 million from individual donors, well short of its $36.7 million fundraising goal.
To help make up for the shortfall, committee officials spent $5 million from corporate donors to rent the basketball arena used to hold the convention. They spent nearly $8 million more from a line of credit provided by Duke Energy, the nation's largest electricity provider.
Top Democrats, including party chairwoman Debbie Wasserman Schultz, had pledged prior to the 2012 convention not to use money from corporations, lobbyists or political action committees.