Bloomberg News

Romney Makes First Donation to '12 Campaign

May 18, 2012

Mitt Romney and his wife Ann during an Illinois GOP primary victory party. Photographer: Scott Olson/Getty Images

Mitt Romney and his wife Ann during an Illinois GOP primary victory party. Photographer: Scott Olson/Getty Images

Presumptive Republican nominee Mitt Romney, who spent $44.7 million on his 2008 campaign, has made his first donation to the 2012 White House contest.

Romney and his wife, Ann, each contributed $75,000 to the joint fundraising committee with the Republican National Committee earlier this month, according to a Romney aide speaking on condition of anonymity. The money will be divided among Romney’s campaign committee, the national party and state committees. The contributions will be disclosed publicly in the June fundraising reports to the Federal Election Commission.

The candidate and his wife each contributed $2,500 to help pay off the campaign debts of former Minnesota Governor Tim Pawlenty following his withdrawal from the Republican presidential race and his subsequent endorsement of Romney.

Romney and President Barack Obama are raising money with their national and state parties, allowing donors to write checks that exceed the $5,000 maximum for a candidate committee. Both candidates have declined to take federal funding for the general election, making this the first privately funded presidential race since before Watergate.

The former Massachusetts governor and the Republican National Committee said they raised $40.1 million in April in their first month of joint fundraising, while Obama and the Democratic National Committee announced that they had raised $43.6 million. Reports are due at the Federal Election Commission May 20.

In the 2008 contest, Romney lent his campaign $44.7 million and then forgave the loan.

To contact the reporter on this story: Jonathan D. Salant in Washington at jsalant@bloomberg.net.

To contact the editor responsible for this story: Jeanne Cummings at jcummings21@bloomberg.net.


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