AT&T, Microsoft among donors to Obama's second inauguration
U.S. President Obama
boards Air Force One outside Washington to return to Hawaii and his new
year's holiday
(LARRY DOWNING, REUTERS / January 2, 2013)
|
Reuters
8:45 p.m. CST, January 4, 2013
WASHINGTON (Reuters) - More
than 400 donors, including AT&T Inc and Microsoft, have contributed
money to help pay for the festivities to mark President Barack Obama's
inauguration to a second term, organizers said on Friday.
The
committee of Obama supporters organizing the parade and other gala
events did not say how much money has been raised so far, disclosing
only the list of "benefactors," most of whom are individuals.
In 2009, the presidential
inauguration committee raised a record $53 million for his first
inauguration, refusing corporate donations and capping the maximum
donation at $50,000.
This year, the committee is accepting funding from corporations and has encouraged gifts of $250,000 from individuals.
Aside from AT&T and Microsoft, other corporate donors listed were
pharmaceutical company Genentech, which is part of Swiss drugmaker Roche
Holding AG,, health insurer Centene Corp, and West Coast wealth manager
Whittier Trust Co.
Obama will be publicly sworn in for his
second term on January 21. The inauguration is expected to be much
smaller than Obama's first, which attracted a record 1.8 million
visitors. Organizers have planned only two official balls, down from 10
in 2009.
(Reporting by Roberta Rampton; editing by Philip Barbara)
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