Hillary Clinton raises $33 million for DNC joint campaign account

Hillary Clinton raises $33 million for DNC joint campaign account
UPI

WASHINGTON, April 16 (UPI) — Hillary Clinton raised $33 million for her joint campaign account with the Democratic Party in the first quarter of 2016, a campaign finance filing shows.

The amount goes to the Hillary Victory Fund, which is a unique joint account set up partially to support the Democrat’s presidential campaign, but also to support the Democratic National Committee and an array of 32 state Democratic Party funds.

The joint account also allows Clinton to accept larger donations under federal law than she could for the account set up specifically for her presidential campaign, Hillary for America. Donors can make the maximum individual contribution to Clinton, $5,400, plus the maximum to the DNC, $33,400, and state party accounts at $10,000 each. That makes the maximum donation to the Hillary Victory Fund $358,000. However, in a campaign finance loophole, Clinton is not required by law to dispense the funds the same way they’re collected.

A Friday night Federal Elections Commission filing shows in the first quarter, the lion’s share of money disbursed from the Hillary Victory fund went to the candidate herself. The Hillary Victory Fund transferred $9.5 million to her campaign account, another $3.5 million to the DNC and $2 million to state parties.

Politico reports much of the $9.5 million from the Hillary Victory Fund was spent on Internet advertising, seeking to create a small donor base online, an area where Clinton’s opponent Vermont Sen. Bernie Sanders has far outpaced her.

Sanders also has a joint campaign account, but it has been largely inactive, leading Clinton to criticize Sanders for failing to help build the party by sharing his significant online cash donations. Those donations almost exclusively go directly to the candidate’s campaign account.

Sanders raised $44 million in donations for his campaign in the month of March alone.

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