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Bennet Donors: Overview

By December 31, 2009, Michael Bennet had raised $4,800,000 for his campaign to retain his current seat as the junior U.S. senator from Colorado. Of that total, his campaign had approximately $3,500,000 on hand at the end of 2009.

Bennet donated no personal funds to his campaign last year. The $4,800,000 raised reportedly was donated  by the following groups of contributors:

--$61,000 from the Bennet for Colorado Campaign Committee

--$3,878,000 from Individual donors

--$886,000 from Political Action Committees (PACs)

According to the OpenSecrets.org site from the Center for Progressive Politics, Bennet was the top 2009 recipient of donations given to U.S. senators from Democratic lobbying groups and from organizations and individuals in the Savings and Loans industry. In the first group, Bennet received nearly $800,000 more than the next-rated recipient, Connecticut Senator Christopher Dodd. In the Savings and Loans group, Bennet received nearly $4,000 more than the next-rated recipient, Nevada Senator and Senate Majority Leader Harry Reid.

Bennet currently serves on the following Senate committees:

--Agriculture, Nutrition and Forestry

--Banking, Housing, and Urban Affairs

--Health, Education, Labor and Pensions

In addition to being the top recipient of donations from Democratic lobbying groups and from the Savings and Loan industry--an industry he helps regulate through the powerful Banking, Housing, and Urban Affairs Senate committee--Bennet is rated #2 for 2009 campaign contributions from the following industries:

--Environment

--Cable and satellite TV production and distribution

--Telecom Services and Equipment

The top five 2009 contributors to the Bennet campaign are listed on OpenSecrets.org as:

--ActBlue ($1 million), a political action committee (PAC) that provides an on-line fundraising tool and allows individuals and organizations to funnel contributions to Democratic candidates’ campaigns

--Brownstein, Hyatt, Farber, Schreck, LLP ($44,000), a Denver law firm with “a full-service lobbying, public policy and legal representation” Government Relations Group

--Union Pacific Corp ($38,000), which “runs the largest railroad in North America and exercises by far the most political influence in the railroad industry, particularly within the Republican party,” according to OpenSecrets.org.  Vice President Dick Cheney is a former member of the Union Pacific board.

--Comcast Corporation ($30,000), “the country’s largest provider of cable services - and one of the world’s leading communications companies,” based in Philadelphia.

--Infoture Inc. ($24,000), a Boulder CO-based software development company established by philanthropists Terrance and Judith Paul, founders of the LENA Foundation.



Bennet Donors: Individuals

The nearly 3,500 Individual donors who gave between $200 and $4800 total to the Bennet campaign by the end of 2009 included senior executives, retirees, doctors, lawyers, venture capitalists, real estate professionals, consultants, education administrators and teachers, university professors, engineers, and community activists.

Denver-area companies and organizations with which some Bennet donors are affiliated include:

--Corporations such as Excel Energy, CH2M Hill, Lockheed Martin, Whiting Petroleum, Qwest, the Denver Newspaper Agency, and Liberty Media

--School districts such as Denver Public Schools 

--Universities such as Colorado State University, the University of Colorado, and the University of Denver

--Medical establishments such as The Colorado Hospital Association, Denver Health, Kaiser Permanente, National Jewish, and Children’s Hospital

--Real Estate development companies such as West State Development, RDN Properties, Shames-Makovsky Realty Company, and Foundation Properties Inc.

--Financial institutions such as UMB Financial, COBank, and 1st National Bank

--Environmental groups such as The Wilderness Society, the Colorado Conservation Trust, and the Nature Conservancy
Individual donors from outside the state include:

--investment bankers in Hong Kong, Washington, DC and Los Angeles as well as in New York City at firms that include Goldman Sachs, Morgan Stanley, Bank of America/Merrill Lynch and Citigroup

--attorneys in London and in Washington, DC (including attorneys at the U.S. Department of Justice and at the State Department) as well as in CA, NY, MA, MD, VA, NJ, and TX

--film producers and production companies in Denver, Los Angeles, and New York City

--senior executives at the Anschutz Entertainment Group in Los Angeles, one of Bennet’s former employers

--multiple United Airlines senior executives in Chicago, including the president and the CEO

--the president of Combine International in MI

--oil and gas company executives in OK and TX

--commercial banking executives in NY, MA, OK, and at US Bank in MN

--senior executives at PhRMA (Pharmaceutical Research and Manufacturers of America) in Washington, DC

--professors at the American University in Silver Spring, MD as well as at Georgetown University in Washington, DC; Washington University in St. Louis; Stanford University; the University of Arizona; Yale; and Columbia

--physicians, including one at the Georgetown University Hospital

--property developers in CA, PA, CT, and Washington, DC

--the chancellor of the New York State Education Department Board of Regents

--educators and education administrators in New York City

--the president of Harrah’s Entertainment in New Orleans

--the CEO at IMAX Corporation in New York City

Out-of-state Individual donors were responsible for a total of approximately $2,200,000 in donations to the Bennet campaign as of December 31, 2009, or approximately 46% of the total raised.



Bennet Donors: PACs

Political Action Committee (PAC) Donors contributed $885,000 to the Bennet campaign by the end of 2009 via PACs that included multiple Democratic Senatorial Campaign Committees. An attempted review of the more than 4,000 individuals listed under just the letter A in just one of the Democratic Senatorial Campaign committees that donated most to Bennet's campaign revealed the incredibly time-consuming nature of such an attempt as well as more than a few high-end donors from all over the country in this small subgroup. These donors included investors and developers listed as independents or as affiliates with companies such as Shangri-La Entertainment in CA as well as Goldman Sachs, Alpine Capital Group, Titan Capital Group, and Pershing Square Capital Management in New York.

PACs reportedly not affiliated with a political party that also donated significant amounts of money to Bennet’s campaign last year are sponsored by organizations such as Zeneca, Inc.; Wal-mart; VISA; United Parcel Service; United Airlines; U.S. Bancorp; The American Electric Power Committee for Responsible Government; Sun Healthcare; Society of Independent Gasoline Marketers of America; Safeway; Qwest; the National Cable and Telecommunications Association; MEDCO; Liberty Media; Home Depot; Farm Credit Council; Federal Express; the Fertilizer Institute; DirectTV Group; Delta Dental;AFLAC; and AETNA. Such companies lead the very industries regulated by the committes on which Senator Bennet sits.