WASHINGTON -- A dozen million-dollar contributors account for at least 10 percent of Jeb Bush's record-setting presidential fundraising haul.
The big-money boosters propelled Right to Rise, a super political action committee dedicated to helping Bush win the Republican nomination, to its $103 million total in the first six months of the year. Separately, Bush's official campaign, limited to contributions of $2,700 or less per donor, raised $11.4 million. The super PAC faces no fundraising restrictions but cannot directly coordinate with Bush even as it spends money on his behalf.
The leading Bush donor, who gave $3 million, is Miguel Fernandez, a billionaire health care investor in Miami. He's one of about 12 people who gave $1 million or more each to the super PAC.
Fernandez and other donor identities were confirmed with a source familiar with Right to Rise's fundraising efforts; the person asked for anonymity because the donor names won't be disclosed until reports are filed Friday with federal regulators.
Before Bush declared his candidacy June 15, he traveled the country meeting with Right to Rise donors and speaking at its fundraising events. As an official candidate, he's now focused on raising money that his campaign will control directly. He left the super PAC in the hands of Mike Murphy, one of his most trusted advisers, who is based in Los Angeles.
Super PAC officials have said 9,400 of their roughly 9,900 donors gave $25,000 or less. Throughout much of the year, Right to Rise limited donors to gifts of $1 million so that the super PAC wouldn't be overwhelmed by one huge donor; that self-imposed cap lifted the day Bush entered the race.
A core group of 12 men and two women makes up the super PAC's executive committee -- and shows Bush's appeal to some of the Republican Party's most influential and longest-serving presidential fundraisers. Each has either personally given $1 million, or helped raise at least that amount, for Right to Rise.
Many are longtime associates of the Bush family, which already includes two presidents.
Nancy Kinder, president of the Kinder Foundation, a philanthropy in Houston, and her husband, billionaire energy executive Richard Kinder, helped raise money for the presidential campaigns of Bush's father and brother. Jeanne Phillips, senior vice president of Hunt Consolidated Inc., led President George W. Bush's inaugural committees.
Other core Jeb Bush fundraisers were instrumental in 2012 GOP nominee Mitt Romney's campaign. Chicago investors Craig Duchossois and Muneer Satter raised and contributed hundreds of thousands of dollars to Romney's bid.
Romney's campaign finance director, Mason Fink, is the leading fundraiser for Right to Rise.
A Section on 07/30/2015