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DNC Raises $10.5 Million In May With OVF Transfer DNC Raises $10.5 Million In May With OVF Transfer DNC Raises $10.5 Million In May With OVF Transfer DNC Raises $10.5 Million ...

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Politics

DNC Raises $10.5 Million In May With OVF Transfer

June 20, 2011

The Democratic National Committee raised $10.5 million during the month of May, but over 60 percent of the haul was a transfer from the Obama Victory Fund, a joint fundraising account between the DNC and the President Obama's reelection campaign.

$6.5 million of the committee's total haul came from the OVF transfer. Meanwhile, the Republican National Committee raised $6.2 million during the same month, ending with $6.1 million cash on hand. The DNC ended May with $16.5 million in the bank.

The DNC carried $13.5 million in debt at the end of May, while the RNC's debt load stood at $18.5 million.

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