Which campaign brought in more money?

Topline

Vice President Kamala Harris’ campaign has given Democrats a lead in fundraising, as her campaign raised more than three times as much as former President Donald Trump’s in September – and her campaign and affiliated groups combined topped $1 billion. dollars have exceeded.

Vice President Kamala Harris speaks during a campaign rally at the Lakewood Amphitheater on October 19 … [+] Atlanta.

Important facts

The Biden – now Harris – campaign committee specifically noted this 900 million dollars and Trump’s campaign committee raised $371.9 million in the aggregate between January 2023 and September 30, 2024, the latest date for which Federal Election Commission filings are available, and ending on $187.5 million And $119.7 million each in the cash balance.

The Harris campaign was elevated $221.8 million in September alone, as the Trump campaign surged $62.7 millionafter Harris upset the previously more balanced cash competition (Biden and Trump had increased). $284.1 million And $217.2 million total as of the end of June).

The Harris Victory Fund — which raises money for both Harris’ campaign and Democratic groups — raised donations $633.2 million between July 1 and Sept. 30, according to an FEC filing released Tuesday.

Trump’s National Committee JFC, which raises money for Trump’s campaign, and the Republican National Committee only took in revenue $194.5 million During the same period, the former president’s Trump 47 Committee, another joint fundraising committee that raises money from major donors $145.2 million.

While Harris already had a fundraising lead over Trump, her donations skyrocketed in September: NBC News first reported that Harris and affiliated committees have now more than raised 1 billion dollars since she entered the race, citing anonymous sources including 47 million dollars The campaign reported fundraising in the 24 hours after Harris’ debate against Trump on Sept. 10 – her largest single-day donation since the start of the race – as well as lucrative fundraising events in New York City and San Francisco last month, reportedly in between 27 million dollars And 28 million dollars apiece.

The Harris campaign did not publicly report how much it raised in September before federal filings were released Sunday. The New York Times reported that she didn’t want to “bragging” about her big donations and please voters.

Many top donors also fund independent political groups such as super PACs that are not bound by the FEC’s $6,600 per person limit on direct campaign contributions — where Trump still has an advantage, at least for now.

FEC filings through August 21 show that super PACs have spent about 167 million dollars Supporting Harris since early July, while PACs have spent about $55.2 million supported Trump during the same period.

According to FEC filings, the top 10 super PACs supporting Trump have raised a total of about $50,000 $329.4 million since the beginning of the year vs $256.6 million of the top 10 PACs supporting Harris — although some PACs didn’t report their fundraising totals until the end of the last quarter on June 30, pro-Harris PACs may have narrowed that gap by the time the next quarterly totals are released in October.

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Surprising fact

Harris’ billion-dollar haul is expected to be the fastest ever by a presidential candidate, the New York Times reports, noting that both Biden and Trump raised more than $1 billion with their national parties in 2020, it but was achieved over a much longer period of time. Anonymous sources cited by the Times said Harris raised the billion dollars in less than 80 days. Harris and her combined groups raised $1 billion in the quarter between July and October alone, which also set a record for the most profitable fundraising quarter ever, according to The Times.

How do Harris’ fundraising surges compare to Trump’s?

Harris’ fundraising surge after she first announced her campaign surpassed the Trump campaign’s largest fundraising increases. The Trump campaign reported raising $52.8 million in the 24 hours after he was convicted of 34 felonies in Manhattan in May, prompting the WinRed platform for small GOP donations to be temporarily suspended was taken out of circulation. That figure was soon surpassed by the $81 million Harris raised in the first 24 hours of her campaign.

What you should pay attention to

We don’t know exactly how the two candidates’ fundraising will develop from October 16th to October 24th. Then campaigns will file their final FEC applications before the election.

How much do the parties charge?

Democrats are also outperforming Republicans at the party level, with FEC filings through September showing the Democratic National Committee has been fundraising $484.1 million in this election cycle, while the Republican National Committee has raised $368.9 million. The Democrats increased their lead over the Republicans in September and took the majority $98.7 million to the Republicans $37.8 million. However, the GOP still had more cash on hand through September $69.7 million versus Democrats $46.6 million Stack of money.

How much are Harris and Trump spending?

The Biden — now Harris — campaign has a history of spending its money earlier than Trump, reporting $189.7 million spent through June, compared to $92.1 million for the Trump campaign. This trend remains after Harris entered the race with Harris’ campaign spending $269.8 million last month with Trump $77.6 million. The Biden and Harris campaigns have now ended $714.3 million overall this election cycle, versus $255.2 million from Trump. The Times reports that the Trump campaign’s low spending may be intentional, as filings show that the campaign appears to have passed on many traditional campaign expenses – such as payroll and venues for Trump’s campaign events – to other groups affiliated with the campaign and RNC.

Who do billionaires give to?

Billionaires have pulled out their checkbooks for both candidates. Trump’s biggest donor is billionaire heir Timothy Mellon, who has donated a staggering $140 million in support of the ex-president, including a new $50 million donation to Trump’s Make America Great Again super PAC in July. Tesla CEO Elon Musk also donated $75 million to the pro-Trump America PAC, which reportedly handles most of the Trump campaign, accounting for almost all the money the PAC raised last quarter has. Trump has nearly 50 other billionaire supporters, including Linda McMahon, wife of wrestling mogul Vince McMahon; energy manager Kelcy Warren; ABC Supply founder Diane Hendricks; Oil billionaire Timothy Dunn and well-known conservative donors Richard and Elizabeth Uihlein. After Biden attracted billionaires like Michael Bloomberg and LinkedIn founder Reid Hoffman, Harris herself has already garnered the support of at least 76 wealthy patrons, including Netflix co-founder Reed Hastings, former Meta COO Sheryl Sandberg and philanthropist Melinda French Gates. More than 100 venture capitalists signed a letter on July 31 supporting Harris’ candidacy and pledging to vote for her, including billionaires like entrepreneur Mark Cuban, investor Vinod Khosla and Lowercase Capital founder Chris Sacca.

tangent

In addition to supporting his campaign, Trump’s donors also helped fund his personal legal fees through his leadership team, PAC Save America, which was used to pay his legal fees as cases against him mounted. Trump’s campaign initially siphoned money from small-dollar donors for his legal fund, matching 10% of every dollar he raised for Save America through his website. That ended when Trump joined forces with the RNC in March, but the ex-president is now seeking help from major donors to give to his Trump 47 Joint Fundraising Committee. Donations to this committee will initially go to the Trump campaign – with a maximum contribution of $6,600 to his campaign and recount efforts – and up to $5,000 will then go to Save America. Only when this maximum amount is reached will the remaining money go to the RNC and the contracting states.

Important background

Harris entered the presidential race on July 21, when Biden announced he was leaving the race and endorsed the vice president minutes later. When she entered the race, she quickly reported huge fundraising numbers: her campaign logged $81 million in donations in the first 24 hours of launch, and the announcement of Minnesota Gov. Tim Walz as her vice presidential running mate, has also boosted fundraising with the campaign reports. $36 million was raised in the 24 hours after the vice president’s announcement. Biden’s campaign committee was renamed Harris when he dropped out and endorsed her, and although Trump has challenged this with the FEC, his challenge is not expected to have any impact on the election. Her candidacy revitalized the presidential race as Biden faced mounting questions about his mental fitness and polls showed Trump ahead. The vice president’s massive fundraising reflected broader enthusiasm for Harris on the left, which included an explosion of social media memes and thousands mobilizing for her campaign. Harris’ fundraising successes came as Biden long held a fundraising lead over Trump throughout the campaign. In recent months, this figure has fallen even further as the Republicans ended their primaries and united around the ex-president. Trump first trumped Biden in April, when he was aligned with the RNC and his criminal trial was underway.