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Trump's re-election efforts announce $105 million fundraising haul

The Trump campaign and the RNC combined to raise a record amount of money for this point in a re-election campaign, far outpacing President Barack Obama.
Image: Donald Trump
President Donald Trump at the Amway Center in Orlando, Florida, to officially launch his 2020 campaign on June 18, 2019.Mandel Ngan / AFP - Getty Images

WASHINGTON — President Donald Trump’s re-election efforts announced a massive fundraising haul Tuesday of $105 million in the last three months, with an additional $100 million in the bank, far outpacing any predecessor or Democrat currently running.

The Trump 2020 campaign and associated committees raked in $54 million in the second quarter of the year, while the Republican National Committee raised another $51 million. In the 24 hours surrounding his official re-election announcement in Orlando last month, both entities brought in $24.8 million, more than one million dollars per hour.

As an incumbent and titular leader of the GOP, the president benefits from the infrastructure of the RNC and its joint fundraising committees.

"Our massive fundraising success is a testament to the overwhelming support for President Trump,” his campaign manager, Brad Parscale, said. "No Democrat candidate can match this level of enthusiasm or President Trump’s outstanding record of results."

The campaign and RNC doubled its online fundraising from $31 million in the first six months of 2018 to $62 million in the same period this year, notably raising more through small-dollar internet donations in the second quarter than the whole first half of last year.

Former President Barack Obama’s re-election team had raised $86 million at this point in 2011, about $47 million from the campaign and $38 million from the Democratic National Committee.

Trump is the only president ever to file re-election paperwork on the day he was inaugurated, which gives his campaign a tremendous advantage in terms of raising money and reaching new donors during his time in office.

“The RNC’s record-breaking fundraising has allowed us to identify troves of new supporters online and continue investing in our unprecedented field program," RNC Chairwoman Ronna McDaniel said.

During the first three months of 2019, the re-election efforts brought in a combined $76 million.

Trump’s entire 2016 campaign raised a total of $333 million and Parscale has said he believes they may spend $1 billion this time around, which would be three times more than what Trump's campaign spent in 2016.

A full list of donors, including how many contributions were under $200, will not be released until the campaign files an official report with the Federal Election Commission, which is expected by July 15.

By comparison, on the Democratic side, South Bend Mayor Pete Buttigieg announced Monday that his campaign brought in $24.8 million in the second quarter, an impressive figure for a candidate who was not very well-known when he announced his bid for the White House earlier this year.

Other contenders such as former Vice President Joe Biden and Sens. Kamala Harris and Elizabeth Warren have yet to reveal their recent fundraising totals.