President Obama’s finance team is offering corporations and other institutions that contribute $1 million exclusive access to an array of inaugural festivities, including tickets to a “benefactors reception,” a children’s concert, a candlelight celebration at the National Building Museum, two reserved parade bleacher seats and four tickets to the president’s official inaugural ball.
The offerings are detailed in an online inaugural fund-raising solicitation provided to The New York Times by an Obama fund-raiser. The document describes four packages that Mr. Obama’s finance team can sell, with differing levels of access depending on the level of contribution. Individuals who contribute $250,000 will receive the same package as million-dollar “institutional donors,” which could include corporations, philanthropies, foundations and unions.
The financing arrangements are a departure from Mr. Obama’s policy in 2009, when he refused corporate donations altogether and capped individual contributions at $50,000. As in 2009, Mr. Obama will not be accepting money from lobbyists or political action committees.
While taxpayers pay for inaugural events at the Capitol — the swearing-in ceremony and inaugural luncheon — the president must raise money from private donors for everything else, including the inaugural parade, ball and concerts. In 2009, Mr. Obama raised $53 million.
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