Romney Raises $14M in Second Quarter Fundraising

Mitt Romney raised $14 million from April through June for his Republican presidential campaign and added an extra $6.5 million from his own personal wealth.

Romney's fundraising fell short of his first quarter, when he raised $20.6 million and lent himself $2.35 million.

The campaign reported $12 million cash on hand, equal to the amount he had in the bank at the end of the first quarter. Aides said the campaign also boosted its number of donors from 32,000 in the first quarter to 80,000 for the first six months of the year.

The figures place the former Massachusetts governor solidly ahead of rival John McCain, who reported $11.2 million raised during the period but only $2 million cash on hand. McCain reported having 72,000 donors overall.

Romney's other leading rival for the GOP nomination, Rudy Giuliani, had not reported his second quarter totals.

Romney is the wealthiest candidate in the entire presidential field, with assets estimated at between $190 million and $250 million. His total stake in the campaign now is $8.85 million.

As the least known of the leading Republican candidates, Romney has tried to boost his name recognition with television ads worth at least $4 million during the first six months of the year. The ads have helped increase his standing in public opinion polls.

McCain's total revenue for the year, including his loans, is nearly $44 million. He has spent about $32 million.

Details of his fundraising and spending, as well as that of other presidential candidates, won't be apparent until they file extensive finance reports with the Federal Election Commission by mid-July.

Romney is not the only one to suffer a lag in fundraising. McCain lost ground in the second quarter as well, forcing him to restructure his campaign and consider accepting public financing for the primaries.

But Romney remains in a relatively strong position with his cash on hand and his growing donor base, which the campaign had set as a goal at the end of the first three months.