Wolf Passes Corbett in Fundraising

Sep 25, 2014

Democrat Tom Wolf has moved on from his self-financed primary campaign days according to the most recent campaign finance report.  The numbers from “cycle 4” has Wolf actually out raising his opponent, Republican Tom Corbett, by landing plenty of outside money from wealthy donors and PACs.

Wolf raised an impressive $9.6 million during cycle 4 – stretching from June 10th to September 15th – while carrying over $3.1 million from last cycle.  Wolf spent $6.3 million of that money leaving him $6.5 million on hand two months before the general election.

In the three months of cycle 4, Wolf received a windfall of union support. Notable donors to Wolf’s campaign included $200,000 from the United Steel Workers PAC, $300,000 from the Mid-Atlantic Laborers' Political League, and $400,000 IBEW PAC.

Wolf also received $500,000 from fellow York county businessman Thomas Grumbacher, the chairman of Bon-Ton department stores.

On the other side, Corbett took in $8.1 million in contributions in cycle 4, which he added to the $4.8 million he carried over from last cycle. That left him with a grand total of $12.9 million. He spent $8.2 million over the three months and as of September 15th, the Governor had $4.8 million with which to work.

As it breaks down, most of Wolf’s campaign contributions came from large donors (donations of more than $250 as defined by the PA State Department) and PACs, with their total contributions totaling $9.3 million or 97 percent.

The largest campaign contribution that Governor Corbett received was a $4 million donation from the Republican Governor’s Association PAC, which made up almost half of the money that he took in during cycle 4.

Uncharacteristic for an incumbent, Corbett finds himself behind Wolf in fundraising totals.

Wolf has raised just less than $28 million (self-financed loan included) and has spent $21 million, which has him outpacing Corbett’s fundraising and spending totals of $21 million and $19 million. (Corbett had an extra $3.5 million that he carried over from previous campaigning.) This is an impressive feat considering Corbett ran a successful campaign in 2010 and had plenty of established donors to help fund his re-election campaign.

Summary from June 10th to September 15th

How much did Wolf have from Cycle 3?

           $3,101,301.22

How much did Wolf take in during Cycle 4?

   $9,632,138.36

How much money did Wolf have to work with during Cycle 4?

   $12,733,439.58

How much did Wolf spend in Cycle 4?

   $6,253,486.38

How much does Wolf have left after Cycle 4?

   $6,479,953.20

How much debt has Wolf accrued?

   $0.00

How much did Wolf receive from small donors ($50.00 or less)?

   $55,483.37

How much did Wolf receive from medium-sized donors?

   $223,779.90

How much did Wolf receive from large-donors (over $250.00)?

   $9,347,645.96

How much of that money came from PACs?

   $4,122,975.00

How much did Corbett have from Cycle 3?

   $4,800,531.33

How much did Corbett take in during Cycle 4?

   $8,139,325.80

How much money did Corbett have to work with during Cycle 4?

   $12,939.857.13

How much did Corbett spend in Cycle 4?

   $8,167,916.49

How much does Corbett have left after Cycle 4?

   $4,771,940.64

How much debt has Corbett accrued?

   $0.00

How much did Corbett receive from small donors ($50.00 or less)?

   $109,845.12

How much did Corbett receive from medium-sized donors?

   $250,415.19

How much did Corbett receive from large-donors (over $250.00)?

   $7,778,860.42

How much of that money came from PACs?

    $4,498,750.00