President Joe Biden’s re-election campaign and the Democratic National Committee (DNC) have reported a combined fundraising total of over $71 million in the third quarter of this year. This impressive amount of funding has allowed the Biden team to launch a major advertising campaign earlier than previous presidents seeking reelection.
The campaign has also announced that they currently have nearly $91 million on hand, which marks a historic high for Democratic presidential candidates at this stage in the election cycle. This remarkable achievement can be attributed to the campaign’s deliberate efforts to run a lean operation.
During this fundraising period, more than 493,000 donors contributed to the Biden campaign and the DNC. The campaign team expressed confidence in their ability to attract small-dollar donors, as 34 percent of their donor base consists of new contributors since Biden’s 2020 presidential bid. They revealed that a total of 843,000 contributions were made, with 97 percent of them being under $200.
It is important to note that although President Donald Trump and the Republican National Committee raised a larger sum of $125 million during the third quarter of 2019, Biden’s campaign has achieved comparable success. Furthermore, contribution limits are higher now than they were just over a decade ago when then-President Barack Obama and the DNC raised nearly $70 million in the third quarter of 2011.
The Biden campaign highlighted the success of their fundraising efforts through various initiatives. The “Meet the Presidents” contest featuring Biden and Obama proved to be the most lucrative, bringing in almost $2.5 million. Additionally, the campaign’s “Dark Brandon” merchandise, which includes mugs and direct-to-camera videos, raised nearly $2 million since August.
Looking ahead, Biden’s campaign manager, Julie Chavez Rodriguez, expressed their enthusiasm and confidence in building support for their re-election bid. She stated, “This quarter’s fundraising haul and historic cash on hand speak to the very real enthusiasm and support President Biden and Vice President Harris continue to build for their reelection bid.”
FAQ:
Q: How much money did the Biden campaign and the DNC raise in the third quarter of this year?
A: The Biden campaign and the DNC raised over $71 million combined.
Q: How much money does the Biden campaign currently have on hand?
A: The Biden campaign currently has nearly $91 million on hand.
Q: How many donors contributed to the Biden campaign and the DNC in the past fundraising period?
A: More than 493,000 donors contributed to the Biden campaign and the DNC.
Q: What percentage of the Biden campaign’s donor base consists of new contributors?
A: 34 percent of the Biden campaign’s donor base consists of new contributors since Biden’s 2020 presidential bid.
Q: What was the most successful fundraising initiative for the Biden campaign?
A: The “Meet the Presidents” contest featuring Biden and Obama was the most successful, bringing in almost $2.5 million.
Q: What other fundraising initiatives have been successful for the Biden campaign?
A: The “Dark Brandon” merchandise, including mugs and direct-to-camera videos, raised nearly $2 million since August.