Senate Conservative Fund raises over $100k for Bevin days after endorsement
10/21/2013 11:26 AM
The Senate Conservative Fund that raises money for tea party favorites has collected more than $100,000 that will go directly to the coffers of GOP U.S. Senate challenger Matt Bevin.
The group, said its executive director Matt Hoskins, collected that money after just three days after endorsing Bevin.
The Senate Conservative Fund was founded by former South Carolina Republican Sen. Jim DeMint in 2008. But DeMint left office to become president of the Heritage Foundation. The fund was modeled in the spirit of President Barack Obama’s 2008 grassroots fundraising network.
It operates as a Joint Fundraising Committee, according to the FEC. That means it can transfer the funds from donors directly to the candidate. Donors still have to adhere to the same contribution limit guidelines that they would when giving to candidates.
Individuals are allowed to donate $2,600 in the primary and $2,600 in the general election towards a candidate maxing their donation at $5,200. The group says all the money raised will be transferred to Bevin, and they’ve set a goal of $200,000.
The average contribution to the Senate Conservative Fund through the its website is about $45, Hoskins said.
Bevin will report $822,021 in his third-quarter fundraising report with $222,021 coming from contributions to him. Bevin kicked in the rest of the money from his personal fortune.
Five-term incumbent U.S. Sen. Mitch McConnell — whom Bevin will face in the primary — raised $2.27 million during the third quarter. He has just under $10 million cash-on-hand.
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