Follow the money: Where does the money come from and where does it go in the race for Congress?
There are 30 days left in the initial campaign for Congress – when the temporary congressional representative will be chosen. This is a time when money needs to be well spent by campaigns, and the money needs to keep coming.
In a look at the latest reports from the Federal Election Commission, candidate Sarah Palin was down to $54,000 in her campaign bank account after subtracting the $40,0000 debt her campaign has on the books in its run for Congress. .
Palin has raised more than $203,000 during the reporting period, but almost half of the money she has raised is captured by the fundraising mills she uses to raise the funds, which makes her leaves little work. With her fame, she doesn’t ask for that much; a little publicity goes a long way for Sarah Palin. Most of her campaign is “earned media,” meaning she is famous and people write about her.
Palin averaged $119 per donation during the period, and the vast majority of her funds come from out of state.
Palin spent $213,000 during the reporting period, more than $95,000 of which went to fundraising factories. These companies can charge campaigns up to 75% of funds raised for candidates for use of their lists and campaign fundraising technology systems.
In Palin’s case, the cost of fundraising appears to be at least 50%: over $45,000 was spent renting lists from Conservative Connections, over $35,000 donated to Red Spark Strategies, a fundraising company, $7,763 to the Templar Baker Group for prospecting donors, and nearly $7,700 to WinRed, the fundraising platform for curators, for a total of more than $95,000 in trackable fundraising fees for this purpose.
Nick Begich, also a Republican candidate for Congress, raised approximately $82,386 during the period and ended up with $708,000; he loaned his campaign $650,000 last winter. More than 93% of its donors are Alaskans, according to the Federal Election Commission report. The average donation was $260.
Nick has been conservative in how he spends his campaign money; one of his biggest expenses is travel, as he criss-crosses the state meeting Alaskans one-on-one. He has no significant campaign debt and has $708,250 in cash for the final 30 days of the special election.
As for the Democrat in the race, Mary Peltola raised more than $161,000 in the reporting period and spent $88,000. She is $10,000 in debt, which leaves her with $105,000 to work toward her pursuit of Congress. Notable donors on its list are US Interior Sec. Deb Haaland, who donated $200, former Anchorage school superintendent Carol Comeau of Bellevue, Washington, who donated $500.
The largest contributor to the Peltola campaign for Congress is Alice Rogoff, (former editor of the Anchorage Daily News) for $2,900. The average donation to Peltola was $419.
Reports to the Federal Election Commission were due Friday and show fundraising and spending that took place between May 23 and June 30.
Peltola, Palin and Begich will appear on the general election special ballot, which will be a ranked ballot, on August 16. The fourth placeholder, Al Gross, suddenly dropped out in June, despite having a significant chunk of the campaign money. .
The winner will be sworn in to fulfill the term of the late Congressman Don Young, who died March 18. decide who is sworn in for Congress in January.