RALEIGH, N.C. (AP) — The Democratic National Convention relied on at least $5 million in corporate donations, despite repeated pledges by top party officials only to use money raised from individuals.
Reports filed Wednesday with the Federal Election Commission show the convention's host committee, Charlotte in 2012, raised $24 million, well short of its $36.7 million fundraising goal.
To help make up for the shortfall, committee officials spent $5 million raised directly from corporations to rent the cavernous basketball arena used as the convention hall. They spent nearly $8 million more from a line of credit provided by Charlotte-based Duke Energy Corp., the nation's largest electricity provider.
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