INSTITUTE INDEX: The big money behind the political conventions
Total amount raised by the host committee for the 2012 Republican National Convention in Tampa, Fla.: $55.8 million
Total amount spent on the event: $52.4 million
Total amount raised by the host committee for the 2012 Democratic National Convention in Charlotte, N.C.: $35 million
Total amount spent on the event: $33.4 million
Despite the Democratic convention organizers' pledge to forego corporate donations, amount they got from a committee financed by big companies to rent the Time Warner Arena for the event: $5 million
Rank of Charlotte, N.C.-based Bank of America among the biggest backers of the Democratic convention: 1
Bank of America's total contributions to the Democratic event: $10.9 million
Of that $10.9 million, amount that came in the form of a loan guaranteed by Charlotte, N.C.-based Duke Energy: $10 million
Of that line of credit, amount drawn by the by the convention organizers: nearly $8 million
Date by which the host committee has to pay the money back: 2/28/2013
Rank of Duke Energy among the biggest contributors to the Democratic convention: 2
Amount the company contributed in in-kind donations: $1.5 million
Amount that Duke Energy CEO Jim Rogers, the co-chair of the host committee, personally contributed to the Democratic convention: $339,000
Total contributions to the Democratic event by labor unions: $5.9 million
Rank of Las Vegas casino mogul Sheldon Adelson among the biggest supporters of the Republican convention: 1
Amount he contributed: $5 million
Amount contributed to the Republican convention by the American Petroleum Institute, the oil and gas industry lobby: $2 million
By Florida Power & Light: $1 million
By America's Natural Gas Alliance: $400,000
By David Koch, the billionaire executive VP of the Koch Industries oil and chemical conglomerate and a leading conservative benefactor: $1 million
Amount contributed to the Democratic convention by the Tides Foundation, which is partially funded by George Soros, the billionaire hedge fund manager and a leading liberal benefactor: $310,000
Number of contributions to the Republican convention that came from people giving between $200 and $500: 6
Number of contributions to the Democratic convention that came from people giving between $200 and $500: 1,558
Number of times by which that exceeds the total number of donors to the Republican convention: more than 5
Amount both parties received in government money for the conventions: $17.7 million
Amount each host city received in government grants for security: $50 million
(Click on figure to go to source.)
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Sue Sturgis
Sue is the former editorial director of Facing South and the Institute for Southern Studies.