President Obama Hosts 6 Fundraisers Friday on Minneapolis, Chicago Visit

Jun 1, 2012 6:00am

President Obama will jump-start what looks to be a major June fundraising push with six money events today in Minneapolis and Chicago – the most fundraisers he’s held in a single day since launching his bid for a second term.

Obama is expected to raise more than $7.2 million total for the Obama Victory Fund (OVF), according to figures provided by the campaign.

Flying to Minnesota under the banner of “official business” – an event at a Honeywell factory in a Minneapolis suburb – Obama will quickly turn to politics, lunching with three separate sets of donors at the downtown Bachelor Farmer restaurant, an eatery owned by Democratic Gov. Mark Dayton’s two sons, Eric and Andrew.

The president will first address a group of 100 guests, each paying $5,000 a plate.  He then will meet privately with two small roundtables of deep-pocket supporters – one group paying $40,000 per person; the other $50,000 per person, a campaign official said.  (The $50k ticket price is the largest for any Obama fundraiser held since the start of the campaign.)

Proceeds from all the events will benefit OVF, a joint fundraising account that funnels contributions to Obama for America, the Democratic National Committee and several state Democratic parties. The first $5,000 of an individual’s contribution will go directly to the Obama campaign; the remainder, up to $30,800, will go to the DNC; and anything beyond $35,800 will get distributed to state parties, officials said.

In the evening, President Obama will head to Chicago for three more fundraisers – a televised campaign reception at the Chicago Cultural Center with an estimated 350 fans (tickets will cost $2,500+ per person) and two intimate dinners at private residences.  Tickets for the dinners cost $35,800 apiece, an official said.

Supporters Chaka and Tracey Patterson will host an expected 55 supporters at their home for the first dinner.  Chaka Patterson is a lawyer with the firm Skadden, Arps, Slate, Meagher and Flom; his wife, Tracey Patterson, is a senior manager at Accenture.

Longtime Democratic donors Paula and Jim Crown are sponsoring the second private event, hosting an expected 60 guests for dinner and a reception.  Jim Crown is president of Henry Crown and Company, a private investment firm.

Jim Crown and Chaka Patterson are also among the Obama campaign’s 532 “bundlers,” or top volunteer fundraisers who give the legal maximum and get their friends and colleagues to do the same. Crown has bundled between $200,000 and $500,000 for Obama; Patterson has raised between $100,000 and $200,000.

With Friday’s events, President Obama will have attended a record-setting 146 re-election fundraisers for his campaign and the Democratic National Committee.  (President George W. Bush held 86 fundraisers for his campaign and the RNC during all of 2003/2004.)

Later this month, the president and first lady will attended separate star-studded, high-dollar galas in New York City with Bill Clinton and actress Sarah Jessica Parker. The president will also make fundraising swings through California, Maryland and Pennsylvania, according to local news reports and invitations for some of the events obtained by ABC News.

While Democrats and President Obama hold a cash advantage over Mitt Romney and the Republican National Committee, the latest Federal Election Commission financial reports show that Republicans have been gaining ground.

GOP super PACs are also continuing to dominate Democratic super PACs.  Pro-Romney independent groups reportedly plan to raise and spend more than $1 billion combined in the 2012 campaign, Politico reported this week.

“The people I’m counting on at this crucial moment could not be more different,” Obama wrote in a fundraising email to supporters Thursday.

“[Gov. Romney is] relying on high-powered special-interest groups and a TV personality who’s spent the last week questioning where I was born,” he said in reference to the super PACs and billionaire real estate mogul Donald Trump.  “Our campaign is built by millions of ordinary Americans chipping in what they can, when they can.”

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