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Romney Raises $11.7 Million in April, Half Obama’s Haul

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Photographer: Andrew Harrer/Bloomberg

U.S. President Barack Obama.

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Photographer: Andrew Harrer/Bloomberg

U.S. President Barack Obama. Close

U.S. President Barack Obama.

Photographer: Andrew Harrer/Bloomberg

Presumptive Republican presidential nominee Mitt Romney. Close

Presumptive Republican presidential nominee Mitt Romney.

Photographer: John W. Adkisson/Getty Images

Republican presidential candidate, former Speaker of the House Newt Gingrich speaks during a primary night gathering at the Vintage Motor Club on April 24, 2012 in Concord, North Carolina. Close

Republican presidential candidate, former Speaker of the House Newt Gingrich speaks during a primary night gathering... Read More

Photographer: Jewel Samad/AFP/Getty Images

Newt Gingrich, former House speaker, dropped his bid for the 2012 Republican presidential nomination. Close

Newt Gingrich, former House speaker, dropped his bid for the 2012 Republican presidential nomination.

Presumptive Republican presidential nominee Mitt Romney raised $11.7 million in April, less than half as much as President Barack Obama, Federal Election Commission reports show.

Romney, a former Massachusetts governor, has now raised $100.4 million for his campaign, also less than half as much as the Democratic incumbent. Obama collected $25.7 million in April and a total of $222.3 million. With $9.2 million cash on hand entering May, Romney had less than a 12th of Obama’s $115.2 million in campaign money.

A big difference between the two candidates: Obama brought in $10.7 million, or 42 percent of his total, in contributions of $200 or less. Romney raised $2.4 million from small donors, 21 percent of his total.

The challenger is relying on the Republican National Committee and political action committees to overcome the fundraising gap. Through April 30, the Republican committee had $34.8 million cash on hand compared with $24.3 million for the Democratic National Committee, FEC records show.

Romney has started raising money jointly with the Republican Party, permitting donors to write bigger checks. Some of those funds are also going to state parties. Obama is also raising money jointly with his party.

April Donors

April donors included senior campaign adviser Ed Gillespie, a former Republican National Committee chairman, U.S. Representative Jim Renacci of Ohio and radio talk-show host Neal Boortz.

Romney’s coffers have been fattened by an allied super-PAC, Restore Our Future, which reported a bank balance of $8.2 million entering May. The PAC raised $4.6 million last month, bringing its total to $56.5 million.

Donations to the super-PAC last month included $1 million from John Kleinheinz, president of Fort Worth, Texas-based Kleinheinz Capital Partners Inc.; $985,000 from Harold Hamm, chief executive officer of Continental Resources Inc. based in Oklahoma City; and $250,000 from Stephen Zide, a managing director at Boston-based Bain Capital LLC, the private-equity firm that Romney co-founded.

C. Boyden Gray, White House counsel to President George H.W. Bush, gave $50,000.

Romney Advertisements

The PAC announced on May 2 it would spend $4.3 million on ads praising Romney for helping to find a business partner’s daughter who had gone missing in New York City, and criticizing two supporters of President Barack Obama: Hilary Rosen and comedian Bill Maher, for comments about Romney’s wife, Ann, not working outside the home.

Romney’s last Republican rival, U.S. Representative Ron Paul of Texas, reported raising $2 million last month to bring his total to $39.1 million. He had $2.5 million in cash on hand. Paul announced on May 14 he was ending active campaigning for the Republican presidential nomination,

Both former U.S. House Speaker Newt Gingrich of Georgia and former Senator Rick Santorum of Pennsylvania quit the presidential race millions of dollars in debt.

Gingrich, who officially ended his campaign on May 2, owed $4.8 million at the end of April, including $580,134 to himself for travel. The former Georgia congressman’s largest creditor was the air charter company Moby Dick Airways, owed $1 million.

He raised $786,783 last month, bringing his total to $23.4 million for the campaign. He had $806,751 in the bank at the end of April.

Santorum Campaign

Santorum, who ended his campaign on April 10, was $2.3 million in debt entering May. Santorum’s campaign owed his senior adviser, John Brabender, $762,988 and $640,275 to Arlington, Virginia-based Emotive LLC for online advertising and e-mail services.

He also owed $30,000 to Front Row Motorsports, based in Statesville, North Carolina, for sponsoring a car in NASCAR’s Daytona 500 auto race in Florida in February. Santorum’s campaign logo adorned the hood of Tony Raines’s Ford Fusion. Raines finished 19th in the race.

Santorum raised $1.3 million last month, for a total of $22 million and ended April with a $1 million bank account balance.

To contact the reporters on this story: Jonathan D. Salant in Washington at jsalant@bloomberg.net; Greg Giroux in Washington at ggiroux@bloomberg.net.

To contact the editor responsible for this story: Jeanne Cummings at jcummings21@bloomberg.net.

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