Tag: Fundraising
Trump’s Donor Base is Dwindling
270,000
Financial Times: “In another troubling sign for Republican fundraising efforts, Trump has 270,000 fewer unique donors than he did at the same stage of his 2020 White House run. His campaign and affiliated political action committees got money from 900,000 donors from July 2023 to the end of the first quarter of 2024, down from 1.17 million four years earlier.”
Jeffries Beats McCarthy in Fundraising
$29 million
House Minority Leader Hakeem Jeffries (D-NY) raised $29 million in the second quarter, Punchbowl News reports. That outpaces Speaker Kevin McCarthy’s (R-CA) haul and positions Jeffries as a worthy fundraising successor to Nancy Pelosi (D-CA).
Pence Raised Just $1.2 Million in the First Quarter
$1.2 million
“Mike Pence raised less than $1.2 million for his presidential campaign during the second quarter of this year, a figure that is a reflection of both the antipathy toward the former vice president among rank-and-file GOP voters and the deep skepticism among donors that he has a path to the Republican nomination,” the Washington Post reports.
DeSantis Fundraisers — A Million or Nuthin’
$1 million
“It’s going to cost a lot to get Ron DeSantis to show up in person to collect political checks: about $1 million,” NBC News reports. “That’s the aggressive goal set to draw the Florida governor and likely 2024 presidential candidate to travel out of his way for fundraising events, according to three Republicans involved in efforts to raise cash for DeSantis during the shadow primary period.”
He’s No Ferengi
Donald Trump’s fundraising chops once were sublime,
But it seems donor fatigue’s set in over time.
Nowadays he spends a fortune
To generate a tiny profit margin.
It’s like he’s saying, “Hey buddy, give ya a dollar for a dime.”
Trump’s Vaunted Fundraising Machine Is Faltering
If it were a business and not politics (I know, it’s a difference without a distinction), Donald Trump would be fired for mismanagement of his oft-touted fundraising prowess. Daily Beat’s Pay Dirt newsletter has a must-read piece on how Trump’s Save America Joint Fundraising Committee is spending a dollar to generate 10 cents of income, according to the latest Election Financing Commission report.
In fact, the spending was so steep that it ate up around 90 percent of what he raised. So while the committee took in an impressive $24 million, it spent about $22 million to get there. That means the famous dealmaker spent a dollar to make a little more than a dime.
Compare that trade-off to the previous quarter, where the same committee spent just $9.7 million but pulled in $17 million. That’s a $7 million return. Now, it’s $2 million.
Read the rest here.
