Newt Gingrich Raised More Than $4.2 Million The Last 3 Months of 2010, Far Ahead of 2012 Rivals


Gingrich raised $14.5 million for the year (2010)

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Newt Gingrich’s political groups raised more than $4.2 million in the last three months of 2010, bringing the former House speaker’s total to $14.5 million for the year – a sum that far eclipses his potential rivals for the 2012 Republican presidential nomination

Gingrich, who has increasingly signaled his desire to enter the race to take on President Barack Obama, raised more last year than the three next most prolific fundraisers eying Republican presidential bids combined – former Govs. Mitt Romney of Massachusetts (whose political committees brought in $6.3 million in 2010), Sarah Palin of Alaska ($3.5 million) and Tim Pawlenty of Minnesota ($2.6 million).

The overwhelming majority of the money raised by Gingrich came through a political group called American Solutions for Winning the Future, which is registered under a section of the tax code – 527 – that allows it to accept unlimited donations from wealthy individuals and corporations.

American Solutions raised $3.8 million in the fourth quarter of 2010, according to a report filed Saturday with the Internal Revenue Service. That brings its tally to $13.7 million for the year, according to a POLITICO analysis