The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Dems Improve Standing with Fund Donors Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 08, 2006

Dems Improve Standing with Fund Donors

Reported by Sean Hanna, Editor in Chief

Fidelity employees still tilt to the Republicans in their cash donations, but less so than before. According to data compiled by the Center for Responsive Politics, which publishes the data at OpenSecrets.com, Fidelity staff have made just under two-thirds of their donations to Republicans this election cycle, down from three-quarters in 2002. Democrats are also winning an increased share of donations from other fund firms,

The shift, which caught the eye of Brett Arends at the Boston Herald, is not because fund workers are being less generous with Republicans; it instead reflects increased giving to Democrats. Workers at the Boston Behemoth, for example, are on pace to double their donations to the Democratic Party this election cycle. During the last mid-term elections in 2002, they donated $159,262 to Democrats at the federal level. This time around they have already given $251,085 through the end of July and November is still months away.

Meanwhile, Democrats have taken in 52 percent of all funds donated by workers in the secutities industry while Republicans have pulled in 48 percent. That is a mirror image of the 2002 election cycle.

The Web site shows that Fidelity Chairman Ned Johnson and his daughter Abigail made multiple contributions to Republicans in 2004, as did COO Robert Reynolds. The site does yet carry information on individual donations for the current cycle. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use