Big Boost for Small Campaign Donors

October 13, 2010 | Baruch College, CUNY Lecture Series

More people are contributing to political campaigns since the rate of public funds that match their contributions was increased in 2007, according to Amy Loprest, executive director of the New York City Campaign Finance Board. The effect has been significant, says Loprest, who was part of a panel entitled, “Small Donors, Big Democracy: The Impact of Campaign Finance Regulation on Citizen Partnership,” sponsored by Baruch College School of Public Affairs. “In 2009 there were 34,000 new donors,” Loprest says, “that’s more than half of all the donors.” When the CFB was started two decades ago, one goal was to reduce the influence of big money in elections, and “the purpose of giving matching funds was to make smaller contributors feel that their contributions meant something,” says Loprest.
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