Biden's Campaign Raises Record $264M in Q2, Grassroots Donors Boost Fundraising Amid Debate Concerns
July 2, 2024President Joe Biden's reelection campaign and the Democratic National Committee raised $264 million in the second quarter, with $127 million collected in June.
June was the best fundraising month so far, including $38 million raised in four days following Biden's debate with former President Donald Trump.
A pre-debate fundraiser with Barack Obama, Julia Roberts, and George Clooney contributed almost $30 million.
More than half of the funds came from grassroots donors, with 95% of donations being less than $200.
The recent fundraising success expanded the campaign's donor base to 314,000, now holding $240 million on hand.
Despite concerns about Biden's debate performance, campaign officials assert there are no discussions of him exiting the race.
Major donors seek reassurance about Biden's candidacy amid questions about his viability.
In comparison, Trump raised $114 million in June and $141 million in May, with a second-quarter total of $331 million and $284.9 million in cash on hand.
Elected Democrats and donors await post-debate polling numbers to decide Biden's future.
Summary based on 8 sources
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Sources
The New York Times • Jul 2, 2024
Should a Gusher of Donations Calm Democrats?Insider • Jul 2, 2024
Biden releasees big fundraising numbers early - donors remain spookedYahoo News • Jul 2, 2024
Biden and Democratic allies raise $264 million in second quarter