Sen. Olympia Snowe announces campaign fund transfer

4:06 PM, Jul 13, 2012   |    comments
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PORTLAND, Maine (AP) - Retiring U.S. Sen. Olympia Snowe says her re-election campaign committee has transferred $1.2 million of its remaining funds to an effort to encourage young women to participate in public service.

Snowe, who announced earlier this year she will not seek re-election, says the money will go to the Maine Community Foundation to support The Olympia Snowe Women's Leadership Institute. Snowe will establish that institute after she completes her term in the Senate.

The remaining balance of approximately $800,000 is being used for outstanding campaign obligations and to establish a multi-candidate committee whose goals are to diminish the polarization in today's political environment.

Snowe, a Republican, decided to leave the Senate after serving three terms, citing frustrations over partisan polarization.


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