Which campaign raised more money

Top line

Vice President Kamala Harris' campaign has given Democrats a fundraising leg up, with federal filings released ahead of Election Day showing her campaign has so far raised nearly three times as much as that of Trump as a whole and raised almost $100 million in the first half of October alone. enters its home stretch.

Vice President Kamala Harris speaks during a CNN presidential town hall at Sun Center Studios on… [+] October 23 in Aston, Pennsylvania.

Getty Images Key Facts

Bidennow Harris' campaign committee raised $997.2 million and Trump's campaign committee raised $388 million in total between January 2023 and October 16, 2024, the most recent date for which Election Commission filings federal funds are available, ending with $118 million and $36.2 million in cash. at hand, respectively.

The Harris campaign raised $97.2 million in the first half of October alone, while the Trump campaign raised just $16.2 million, after Harris upset what was previously a race to fairer money (Biden and Trump had raised $284.1 million and $217.2 million in total as of the end of June respectively).

The Harris Victory Fund, which raises money for the Harris campaign and Democratic groups, has raised $1.2 billion this election cycle, according to an FEC filing released Thursday.

The Trump National Committee (JFC), which raises money for the Trump campaign and the Republican National Committee, has raised just $375.3 million this election cycle, while the Trump Committee 47 of the The former president, another joint fundraising committee that raises money from larger donors, raised $327.5. million.

While Harris had already taken a lead over Trump in fundraising, her donations exploded in September: NBC News first reported that Harris and her affiliated committees had surpassed the $1 billion mark since entering the race, based on his September fundraising, which included $47 million for the campaign. reported raising in the 24 hours after the Harris vs. Trump debate on September 10, its largest single-day haul since entering the race, and lucrative fundraisers in New York and San Francisco last month, which would have brought in between 27 and 28 million dollars each.

The Harris campaign did not make public how much it raised in September before the release of federal documents this weekend, with the New York Times reporting that it did not want to brag about its big donations and incite voters to complacency.

Many big donors also fund independent political groups like super PACs, which are not beholden to the FEC's $6,600 per person limit for direct campaign donations, which is where Trump has more of an advantage in species.

Filings with the FEC through October 25 show that super PACs have spent about $533.7 million to support Harris since the beginning of July, while PACs have spent about $124.6 million to support Trump in during the same period.

FEC filings, however, suggest that Trump's largest super PACs also receive more than Harris' top funds: The top 10 Trump-supporting super PACs, as listed by the FEC, have collectively raised about $569.2 million. dollars since the start of the 2023 election cycle (as of December 31, 2023). Oct. 16), compared to $535.5 million raised by the top 10 PACs supporting Harris.

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Surprising fact

Harris' billion-dollar haul is likely the fastest a presidential candidate has reached the ten-figure mark, the New York Times reports, noting that while Biden and Trump both raised more than 'a billion dollars from their national parties in 2020, this was done later. a much longer period of time. Anonymous sources cited by the Times said Harris raised the $1 billion in less than 80 days. Harris and her affiliated groups combined raised $1 billion in the quarter between July and October alone, which the Times said also sets a record for the most profitable fundraising quarter on record.

How do Harris' fundraising increases compare to Trump's?

Harris increased her fundraising after first announcing that her campaign had surpassed the Trump campaign's largest donation increases. The Trump campaign reported raising $52.8 million in the 24 hours after he was convicted of 34 crimes in Manhattan in May, leading to the temporary disappearance of the WinRed platform for small GOP donations . That figure was quickly surpassed by the $81 million Harris raised in the first 24 hours of her campaign.

To watch

The documents released Thursday through Oct. 16 mark the final FEC filings to be released before Election Day. It will therefore not be clear how much the candidates will have collected in the last days of their campaign before the election.

How much do the parties raise?

Democrats also outperform Republicans at the party level, with FEC filings through Oct. 16 showing the Democratic National Committee has raised $538.8 million this election cycle, while the Republican National Committee has raised $390.2 million. Democrats increased their lead over Republicans in September, taking in $98.7 million to Republicans' $37.8 million. The GOP, however, still had more cash on hand as of October 16, with $47.8 million compared to $30 million for the Democrats.

How much do Harris and Trump spend?

The Bidennow Harris campaign has consistently spent its money earlier than Trump, reporting through June that it had spent $189.7 million, compared to the Trump campaign's $92.1 million. This trend remains relevant now that Harris has entered the race, with Harris' campaign spending $165.9 million as of early October, compared to Trump's $99.7 million. The Biden and Harris campaigns have now spent a combined $880.2 million this election cycle, compared to Trump's $354.9 million. The Times reports that the Trump campaign's low spending may be intentional, as records show the campaign appears to have shifted many traditional campaign expenses, like payroll and venues for Trump campaign rallies, to other groups affiliated with the campaign and the RNC.

Who do billionaires give to?

The billionaires took out their checkbooks for both candidates. Trump's biggest donor is billionaire heir Timothy Mellon, who received a staggering $150 million to support the ex-president. Tesla CEO Elon Musk also gave nearly $120 million to the pro-Trump America PAC, which reportedly handled most of the Trump campaign's ground game, accounting for almost all of the money that the PAC cashed in last quarter. Trump has nearly 50 other billionaire supporters, including Linda McMahon, wife of wrestling mogul Vince McMahon; Kelcy Warren, energy manager; Diane Hendricks, founder of ABC Supply; 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 secured the support of at least 76 wealthy benefactors, including Netflix co-founder Reed Hastings, the former COO of Meta Sheryl Sandberg and philanthropist Melinda French Gates. More than 100 venture capitalists signed a letter July 31 supporting Harris' candidacy and pledging to vote for her, including billionaires such as entrepreneur Mark Cuban, investor Vinod Khosla and the founder of Lowercase Capital Chris Sacca.

Tangent

In addition to helping his campaign, Trump donors also helped fund his personal legal fees through his leadership PAC Save America, which was used to pay his legal fees as the lawsuits against him wore on. accumulated. Trump's campaign initially diverted money from small donors to his legal fund, siphoning off 10 percent of every dollar raised through his website for Save America. That ended when Trump joined forces with the RNC in March, but the ex-president is now seeking help from larger donors who give his joint Trump 47 fundraising committee. Donations to that committee will first to the Trump campaign with a maximum contribution of $6,600 to his campaign and efforts, then up to $5,000 then goes to Save America. Only after this maximum is reached will the remaining money go to the RNC and state parties.

Key context

Harris entered the presidential race on July 21, when Biden announced he was leaving the race and endorsed the vice president minutes later. She quickly released huge fundraising numbers when she entered the race, with her campaign reporting $81 million in donations within 24 hours of its launch, and the Minnesota governor's announcement , Tim Walz, as his vice presidential candidate also fueled fundraising, with the campaign reporting he raised $36 million in the 24 hours following the vice presidential candidate's announcement. Biden's campaign committee was renamed in honor of Harris when he dropped out and endorsed her, and although Trump challenged this with the FEC, his challenge is not expected to impact the election. His candidacy reignited the presidential race as Biden faced growing questions about his mental health and polls showed Trump ahead, with the vice president's huge fundraising reflecting broader enthusiasm for the presidential race. 's regard for Harris on the left, which also included an explosion of memes on social media and thousands of people rallying for her campaign. Harris' fundraising comes as Biden had long maintained a fundraising lead over Trump throughout the campaign. That has narrowed further in recent months as Republicans have ended their primaries and coalesced around the ex-president, with Trump first edging out Biden in April as he joined forces with the RNC and that his criminal trial was ongoing.

Further readingForbesHere are the 10 biggest billionaire donors to TrumpBy Leo Kamin ForbesBillionaires loved Kamala Harris for 2020. How many are supporting her for 2024By Zach Everson ForbesThese billionaires' donations will pay Trump's personal legal billsBy Alison Durkee ForbesThe real story behind 75 million's support Trump Dollars By Phoebe Liu Forbes Kamala Harris More Billionaires Support Her Than Trump (But Many Stay Silent) By Derek Saul

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