Donald Trump’s campaign outraised President Joe Biden by more than $60 million last month, according to federal filings that detailed the Republican fundraising explosion sparked by Trump’s felony convictions. Biden’s campaign and the Democratic National Committee together raised a robust $85 million in May and reported $212 million in the bank at the end of the month. The strong showing does not include roughly $40 million raised by Biden and his top surrogates in recent days — or a separate $20 million donation from former New York City Mayor Michael Bloomberg to pro-Biden groups.
Quick Read
Bullet Points: Trump Dwarfs Biden in Latest Fundraising Numbers
- Fundraising Figures:
- Trump’s campaign and RNC raised $141 million in May.
- Biden’s campaign and DNC raised $85 million in May.
- Cash on Hand:
- Trump and RNC reported over $170 million in the bank.
- Biden and DNC reported $212 million in the bank at the end of May.
- Significant Donations:
- Billionaire Timothy Mellon donated $50 million to a pro-Trump super PAC following Trump’s felony convictions.
- Michael Bloomberg donated $20 million to pro-Biden groups.
- Political Impact:
- Trump’s felony convictions spurred a significant fundraising surge.
- The surge allows Trump’s team to enhance advertising and infrastructure efforts in swing states.
- Campaign Statements:
- Biden campaign manager emphasized grassroots support and investment in voter outreach.
- DNC Chair Jaime Harrison highlighted the support from grassroots donors compared to Trump’s reliance on wealthy donors.
- Advertising Efforts:
- Pro-Trump super PAC reserved $3.5 million in TV ads for Georgia and Pennsylvania.
- Democratic Contributions:
- Biden’s recent fundraising includes $40 million raised in June, $30 million from a fundraiser with Barack Obama.
- Jill Biden raised $1.5 million during her fundraising tour.
- Bloomberg’s Support:
- Bloomberg’s contributions included $19 million to Future Forward and $929,600 to Biden Victory Fund.
- Bloomberg formally endorsed Biden.
- Republican Strategy:
- Trump’s fundraising and campaign activities emphasize the strength and support despite legal challenges.
The Associated Press has the story:
Trump dwarfs Biden in May fundraising in show of political force after felony convictions
Newslooks- NEW YORK (AP) —
Donald Trump’s campaign outraised President Joe Biden by more than $60 million last month, according to federal filings that detailed the Republican fundraising explosion sparked by Trump’s felony convictions. Biden’s campaign and the Democratic National Committee together raised a robust $85 million in May and reported $212 million in the bank at the end of the month. The strong showing does not include roughly $40 million raised by Biden and his top surrogates in recent days — or a separate $20 million donation from former New York City Mayor Michael Bloomberg to pro-Biden groups.
Still, Trump’s fundraising for, for one month at least, seemed to dwarf Biden’s, according to the filings made public Thursday.
The Trump campaign and the Republican National Committee said it raised a jaw-dropping $141 million in May, including tens of millions donated immediately after Trump was convicted of 34 felonies in the New York hush money case. At the same time, billionaire Timothy Mellon donated a stunning $50 million to a pro-Trump super PAC the day after Trump’s guilty verdict, according to the filings.
Overall, Trump’s campaign and the Republican National Committee reported more than $170 million in the bank at the end of May, although Biden’s campaign questioned whether the groups were devoting resources to cover Trump’s legal fees.
“Our strong and consistent fundraising program grew by millions of people in May, a clear sign of strong and growing enthusiasm for the president and vice president every single month,” said Biden campaign manager Julie Chavez Rodriguez. “The money we continue to raise matters, and it’s helping the campaign build out an operation that invests in reaching and winning the voters who will decide this election –- a stark contrast to Trump’s PR stunts and photo-ops that he’s pretending is a campaign.”
Taken together, the numbers detailed in the campaigns’ latest Federal Election Commission filings suggest Democrats may still maintain a cash advantage in the 2024 presidential contest. But almost four months before Election Day, Trump’s side is closing the gap — if it isn’t closed already.
The new fundraising figures also underscore the extent to which the rules of presidential politics are being rewritten in the Trump era.
At almost any other time in U.S. history, a presidential candidate would have been forced to leave an election after being convicted of dozens of felonies. But in 2024, Trump’s guilty verdict has instead fueled a massive fundraising surge that puts his team in a position to ramp up advertising and swing- state infrastructure just as voters begin paying closer attention to the election.
Backed by Mellon’s massive donation, the pro-Trump super PAC known as MAGA Inc. on Thursday reserved $3.5 million in television advertising set to begin July 3 across Georgia and Pennsylvania, according to the media tracking firm AdImpact. Overall, the group reported a $68.8 million haul for May, ending the month with $93.7 million in the bank.
Mellon has been among the biggest donors to Trump and independent candidate Robert F. Kennedy Jr., although his support for Kennedy may be fading.
Kennedy raised $2.6 million last month and finished May with $6.4 million in the bank. The vast majority of his fundraising total came from running mate Nicole Shanahan, a wealthy Silicon Valley lawyer. The Kennedy campaign spent more than it raised for the month.
The numbers reported Thursday did not include anything raised in June, including roughly $40 million raised by Biden and his top surrogates in recent days. The vast majority came from a glitzy fundraiser last Saturday with movie stars and former President Barack Obama in Los Angeles that raised more than $30 million. First lady Jill Biden also has been on her own personal fundraising swing that has brought in $1.5 million.
Meanwhile, Biden also got a big boost from Bloomberg.
The billionaire philanthropist, who briefly ran for president as a Democrat in 2020, sent $19 million to the pro-Biden group Future Forward in addition to sending the legal maximum of $929,600 to the Biden Victory Fund, according to a person familiar with the transfers.
The Biden campaign said the vast majority of its latest fundraising came from grassroots donors such as nurses, teachers and retirees. Overall, the Biden campaign and Democratic National Committee attracted more than 3 million new donors last month, according to a statement from the campaign.
“While Trump is leeching off his billionaire sycophants, our campaign represents the voices of America, and we’re honored to have their support as we race toward November,” Democratic National Committee Chair Jaime Harrison said.
