Obama raised $43M for inauguration

President Obama raised more than $43 million for his second inauguration, with corporations, unions and other interest groups contributing $18 million, according to a new Federal Election Commission (FEC) report.

The 2013 inaugural ceremonies’ fundraising total falls short of the more than $53 million Obama raised for his first inauguration.


For his second inauguration, Obama accepted corporate contributions and donors could give in unlimited amounts. That’s different than in 2009 when the president limited his inaugural fundraising, banning corporate contributions and capping individual donations to $50,000.

Companies wrote big checks to help fund Obama’s second inauguration, according to the inaugural committee’s FEC report, which was released on Saturday. AT&T gave $4.6 million; Microsoft donated nearly $2.1 million; Boeing contributed $1 million; and Chevron gave $1 million.

Also included among the other corporate inaugural donors were Genentech with $750,000; Deloitte with $500,000; FedEx with $500,000; the Coca Cola Company with $430,000; Bank of America with $300,000; and ExxonMobil with $250,000, which The Hill previously reported on.

Some of these same corporations also gave to President George W. Bush’s second inauguration. Bush raised more than $42 million for the 2005 ceremonies, according to FEC records.

Obama’s second inauguration also had several big donors from labor.

The United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry gave $500,000 to help fund the 2013 ceremonies. The International Association of Fire Fighters, the International Brotherhood of Electrical Workers, the International Brotherhood of Teamsters and the National Education Association all gave $250,000 each.

Further, the Laborers’ International Union of North America gave $100,000 and the Service Employees International Union contributed $50,000.

Like his first inauguration, Obama didn’t accept donations from lobbyists, political action committees or foreign agents. The president has also blasted the influence of money on the political system.

But ethics watchdogs still lamented his reversal on accepting corporate money this last inauguration. In addition, the 2013 presidential inaugural committee did take in contributions from some of Washington’s prominent trade groups and lobby shops.

The Edison Electric Institute gave $85,000; the American Hospital Association contributed $50,000; the Biotechnology Industry Association donated $10,000; and the Credit Union National Association also gave $10,000.

Lobby firms also contributed to Obama’s second inauguration.

Capitol Counsel, one of K Street’s best in tax lobbying, donated $12,500; law and lobby giant Greenberg Traurig gave $10,000; Avenue Solutions, an all-Democratic firm that specializes in healthcare lobbying, contributed $5,000; and Forbes-Tate, co-founded by two former Clinton White House aides Jeff Forbes and Dan Tate, gave $5,000.

Political groups aligned with the Democratic Party also gave Obama’s second inauguration. The Democratic Governors Association gave $55,000 and Priorities USA, a nonprofit group affiliated with the pro-Obama super-PAC Priorities USA Action, gave $10,000.

Overall, Obama accepted more than $18 million in contributions from corporations, unions and other interested groups. Unitemized contributions from donors giving $200 or less came to almost $4.6 million, according to the FEC report.

The New York Times reported in January that inaugural officials were struggling to meet their $50 million fundraising goal for the event. The 2013 inaugural committee’s more than $43 million take was several million dollars short of that mark.