July 31, 2015

Ted Cruz Super-PAC Has Just One Donor

But he gave a lot of money.

Jerry Mennenga/Zuma

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A super-PAC backing Ted Cruz called Keep the Promise II just filed its campaign disclosure, and it stands rather in contrast with the filing this morning from Jeb Bush’s super-PAC. Right to Rise, the Bush-backing super-PAC, revealed a list of donors that included anonymous shell corporations, 28 former ambassadors, and hundreds of wealthy and moneyed elite from around the country, requiring this reporter to do plenty of math to determine how much came from big donors and how much came from very big donors. Keep the Promise II’s disclosure is much simpler.

One guy gave $10 million.

That’s it.

Although the super-PAC raised more money than the actual campaigns of 14 of the 20 declared major candidates, there were no other donors.

The guy’s name is Toby Neugebauer. He is the billionaire founder of a private-equity firm, and his father is Congressman Randy Neugebauer (R-Texas).

To be fair, it’s one of at least three super-PACs backing Cruz. The others have not yet filed their reports, but will likely list donors other than Neugebauer.

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WE CAME UP SHORT.

We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

So we urgently need this specific ask, what you're reading right now, to start bringing in more donations than it ever has. The reality, for these next few months and next few years, is that we have to start finding ways to grow our online supporter base in a big way—and we're optimistic we can keep making real headway by being real with you about this.

Because the bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. We really need to see if we'll be able to raise more with this real estate on a daily basis than we have been, so we're hoping to see a promising start.

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