Mr Hain has apologised for the undeclared donation |
Mr Hain, who is also Welsh Secretary, came fifth out of six in the race to succeed John Prescott last summer.
He expressed "regret" for not declaring the donations in time and not giving "higher personal priority" to the administration of his campaign.
But he said everyone who had given him money was legally entitled to donate.
Earlier he passed full details of the £103,156.75 in donations to the Electoral Commission, which is due to report back next week.
In a statement, he said: "I understand that people will ask how I could have allowed this number of donations to go undeclared at the time.
"The fact is that during this period, I gave my campaign for office within the Labour Party second priority to my government responsibilities.
"I reasonably believed that the arrangements in place for my deputy leader campaign would be sufficient to ensure compliance with reporting requirements, but as it transpired, due to administrative failings this was not the case after early May."
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