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Inaugural committee takes in $25.5 million for festivities
By Sharon Theimer, Associated Press Writer
Monday, January 17, 2005 | No comments posted.
WASHINGTON - The team raising money for next week's festivities marking President Bush's inauguration has taken in $25.5 million, mostly in donations from corporations, it reported Friday.
Bush's inaugural committee raised $7.5 million in the past week alone, donations posted on its Web site show. Its overall goal is at least $40 million.
Corporations account for the bulk of the donations. Federal law banned businesses from contributing to Bush's re-election campaign, but companies can give unlimited amounts to finance his inaugural celebration.
More than 150 corporations, trade associations and individuals have given $100,000 or more to earn recognition as inaugural sponsors and the accompanying event tickets. Many of the businesses have lobbyists in Washington to press their issues with Congress and the Bush administration.
Those becoming $250,000 inaugural "underwriters" in the past week include the AFLAC insurance company, Alagem Capital Group, Burlington Northern & Santa Fe railroad company, FedEx Corp., Pfizer, the Timken Co. steel and bearing manufacturer and the Wachovia Corp. financial services company.
New $100,000 donors include the Amgen Inc. biotechnology company, Anheuser-Busch brewing company, Century Homebuilders, Cisco Systems, EDS information technology company and The Washington Post, among others. The Blank Rome law firm gave $200,000, and its chairman, David Girard-diCarlo, gave $50,000.
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On the Net:
Bush inaugural committee: http://www.inaugural05.com/
Bush's inaugural committee raised $7.5 million in the past week alone, donations posted on its Web site show. Its overall goal is at least $40 million.
Corporations account for the bulk of the donations. Federal law banned businesses from contributing to Bush's re-election campaign, but companies can give unlimited amounts to finance his inaugural celebration.
More than 150 corporations, trade associations and individuals have given $100,000 or more to earn recognition as inaugural sponsors and the accompanying event tickets. Many of the businesses have lobbyists in Washington to press their issues with Congress and the Bush administration.
Those becoming $250,000 inaugural "underwriters" in the past week include the AFLAC insurance company, Alagem Capital Group, Burlington Northern & Santa Fe railroad company, FedEx Corp., Pfizer, the Timken Co. steel and bearing manufacturer and the Wachovia Corp. financial services company.
New $100,000 donors include the Amgen Inc. biotechnology company, Anheuser-Busch brewing company, Century Homebuilders, Cisco Systems, EDS information technology company and The Washington Post, among others. The Blank Rome law firm gave $200,000, and its chairman, David Girard-diCarlo, gave $50,000.
---
On the Net:
Bush inaugural committee: http://www.inaugural05.com/
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