POLITICS: PennAve

American Crossroads posts strong March fundraising numbers

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Politics,American Crossroads,Campaign Finance,2014 Elections,David M. Drucker,Campaigns,PennAve,Ed Gillespie

American Crossroads raised $5.2 million last month, posting its best March since launching in the 2010 election cycle.

The Republican super PAC, founded by Mike Duncan, Steven Law and Karl Rove, still lags in cash on hand compared to this point in 2012, when it reported $24.4 million in the bank ahead of the presidential election. As of March 31, American Crossroads' coffers held $6.4 million.

Still, the organization's March uptick could signal that it is positioned to be a major player in key House and Senate races just as the 2014 midterms are heating up. In March 2012, the group raised $1.2 million.

“There's been a noticeable rise in enthusiasm among our donors, in part due to the impressive slate of candidates who are strengthening the opportunity to win a Republican majority in the Senate," said Stephen Law, president and CEO of American Crossroads. "These numbers put us in a solid position to continue impacting key Senate races where we can help elect Republicans who will clean up the mess that President Obama and Harry Reid are making in Washington.”

The $605,000 in expenditures last month reported by the group includes money for political advertisements in a contested special election for a Florida House district and competitive Senate races in Alaska and North Carolina.

American Crossroads raised $5.5 million during the first quarter of this year.

Correction: Due to an editing error, the original version of this article incorrectly reported the founders of American Crossroads, which has been corrected.

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