INSTITUTE INDEX: How special-interest money took over the party conventions

This year's presidential nominating conventions are the first to be held since Congress ended public financing for the events in 2014. (Photo of this year's Republican National Convention in Cleveland by ABC/Ida Mae Astute via Flickr.)

Year in which Congress passed a law prohibiting private funding of political parties' presidential nominating conventions: 1947

Year in which Congress passed a law to provide public financing for conventions through the national party committees as long as those committees didn't accept private funds for the events: 1974

Between 1976 and 2012, percent of Democratic and Republican presidential nominating conventions that took advantage of public financing: 100

Year in which the Federal Elections Commission (FEC) created a legal loophole allowing conventions' local host committees to raise unlimited private funds, including corporate contributions: 1977

By 2004, percent of money related to the Republican and Democratic conventions that was coming from corporations and other private sources: 75

In 2008, with the financial crisis unfolding, rank of banks among the top contributors to the Republican and Democratic conventions, showing how convention funders often have pressing issues before the government: 1

Month in which President Obama signed a law sponsored by U.S. Rep. Gregg Harper (R-Mississippi) that eliminated public financing of presidential nominating conventions and allowed parties to create special accounts for convention fundraising: 4/2014

Amount a political action committee can contribute to a party's special convention account: $45,000

Amount an individual donor can contribute: $100,200

Projected cost of the Republican National Convention held earlier this month in Cleveland: $71 million

Of that total, amount expected to come from private sources outside the party committee, including corporations: $64 million

Estimated cost of this week's Democratic National Convention in Philadelphia: nearly $65 million

Of that total, amount expected to come from private sources outside the party committee: $60 million

Under FEC rules, days after the conventions the local host committees have to release their donor lists, meaning the public lacks details while the events are underway: 60

Rank of Duke Energy among the top contributors to the 2012 Democratic National Convention held in Charlotte, North Carolina: 1

Amount the company contributed: over $5.6 million

Rank of AT&T among the top contributors to the 2012 Republican National Convention held in Tampa, Florida: 1

Amount the company contributed: over $3 million

Percent by which private funding from outside the party committee is expected to increase over 2012 for this year's Democratic convention: 12

For this year's Republican convention: 40

(Click on figure to go to source.)