Mayday PAC Has Crowdfunded Over 60,000 Individual Contributions.
Mayday PAC, an organization that aims to elect a Congress committed to fundamental reform, has fulfilled their commitment to release the data about all contributors through July 31st including the names of those who gave more than $10,000 on their website. For those who donated less than $10,000, Mayday PAC has anonymized the names but has released the contributions. The names of all contributors who gave more than $200 in aggregate will be public on the FEC’s site.
For the anonymized donors, Mayday PAC is also releasing data showing whether the contributors requested their money to be spent on Democrat or Republican only races, or left the judgment to Mayday PAC.
Mayday PAC stated the organization has received over 60,000 individual contributions. As part of their commitment to transparency, they stated they “have devoted all the necessary resources to make this information readily available”.
Mayday PAC organizers declared;
“What is more, we have kept our promise not to accept any anonymous contributions, so-called dark money, which constituted more than 30% of Super PAC contributions in 2012.”
“Mayday PAC stands together with Counter PAC to stop untraceable spending in campaigns. Like us, Counter PAC believes that large sums of anonymous money corrupts our democracy. We are both working to provide the public with as much information as possible about campaign spending, including our own.”
Mayday PAC will be releasing updated information every two weeks until Election Day.
“I’ve always said that transparency is a critical piece of our work at Mayday PAC. We’ve made it a priority to provide all donor information in an accessible and updated format. When you look at what the data shows, you’ll find that we are a large broad-based effort and we literally have more than 5,000 people who have given less than $20 to support this effort. I bet we’ll see this number continue to grow,” said Lawrence Lessig, Harvard Professor and co-founder of Mayday PAC with Mark McKinnon, Republican strategist.”
As of midnight (Eastern Time), August 2, the Mayday PAC had received $7,821,463 in contributions. $2 million of that was raised in the first campaign. $5,821,463 has been raised in the second campaign so far.
Of the $5,821,000 raised, $750,000 was raised in three very large chunks ($250k after the July 4 deadline, and two separate contingent commitments of $250k before the July 4th deadline). Of the remaining $5,071,463, $2,645,438 was raised in contributions of $10k or more. The balance of $2,426,025 was raised in contributions under $10k.
The total number of all contributions was 60,075. The average of all contributions was $130.20 (median: $25, mode: $25). The total number of contributions under $10k was 60,000. The average of those was $73.77 (median: $25, mode: $25).
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