“Eric Garcetti’s Mayor’s Fund lets companies give big”

LAT:

The contribution is one of dozens the Mayor’s Fund has received, from companies with a stake in City Hall decisions and from charitable foundations, according to records reviewed by The Times. Modeled on similar nonprofits in New York and other cities, the fund provides a financial boost for civic programs — as diverse as environmental initiatives and summer jobs for thousands of inner-city kids — that might otherwise fall victim to city belt-tightening.

But the nonprofit, which took in about $5.2 million between its formation in June and last month, can also offer a discreet destination for special-interest money that is not subject to campaign finance restrictions. City law caps contributions by individuals or businesses at $1,300 per election for mayoral candidates. By contrast, the average donation to the Mayor’s Fund has been $111,000.

“To the extent that we’re worried about groups or individuals or companies or unions being able to curry favor with elected officials, it does raise concerns,” said Richard Hasen, a professor at the UC Irvine School of Law who studies campaign finance regulation.

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