PayPal co-founder gives $1M to Club for Growth super PAC

http://www.politico.com/news/stories/0812/79904.html?hp=l22

Tea party-aligned super PAC Club for Growth Action in July trounced its fundraising totals from previous months thanks to a cast of familiar political financiers led by PayPal co-founder Peter Thiel, new federal disclosure reports show.

Thiel, who earlier this year almost single-handedly funded pro-Ron Paul super PAC Endorse Liberty, gave Club for Growth Action $1 million. Private investor John Bryan contributed $350,000, while financial executive Robert Mercer gave $250,000.

Elliott Associates hedge fund executive Paul Singer — who has already given $1 million each to pro-Mitt Romney super PAC Restore Our Future and pro-gay rights super PAC American Unity PAC — added $100,000. Uline shipping supplies chief executive Richard Uihlein and the Capstone IV company of Houston also gave $100,000 each.

Landing a huge upset — the Club for Growth spent heavily to help Senate candidate Ted Cruz in Texas beat establishment favorite David Dewhurst in a Republican primary — hasn’t hurt the super PAC’s notoriety, either.

In all, Club for Growth Action, the super PAC arm of the eponymous conservative group, took in nearly $3 million last month while spending more than $4.1 million. It ended the month with more than $2.4 million in reserve.