New York Billionaires Help Obama Policy Group Raise $6 Million

Several New York billionaires helped a nonprofit group supportive of President Barack Obama raise almost $6 million in the first three months of the year.

Organizing for Action, formed last year out of the remnants of Obama’s 2012 re-election campaign organization, reported its latest donors today. Since Obama’s campaign manager Jim Messina started the group early last year, it has brought in about $32 million.

Billionaire David Shaw, who started the New York-based hedge fund D.E. Shaw & Co., wrote a $500,000 check; billionaire New York architect Jon Stryker, whose fortune comes from his family’s medical supply business, gave $100,000; Mark Gallogly, co-founder of New York’s Centerbridge Partners LP, supplied $100,000.

Amy Goldman Fowler, an author and expert on seeds who’s based in New York, gave $250,000, adding to her $500,000 contribution from last year. Those were some of the largest among 124,637 contributions, which averaged $38.68, OFA officials said.

OFA uses Obama’s social-media accounts and e-mail list. As a nonprofit, it isn’t legally required to disclose its contributors, who can give in unlimited amounts. It voluntarily does so.

The group has promoted Obama policies such as the Affordable Care Act and changing U.S. immigration law to provide a path to citizenship.

To contact the reporter on this story: Julie Bykowicz in Washington at jbykowicz@bloomberg.net

To contact the editors responsible for this story: Jeanne Cummings at jcummings21@bloomberg.net Steven Komarow, Michael Shepard

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.