Trump campaign fundraising in July outpaced Biden, reversing trend from previous two months

Trump campaign fundraising in July outpaced Biden, reversing trend from previous two months

  • August 29, 2020

The July fundraising figures are a reversal from the previous two months, when Biden outpaced Trump in both May and June with the help of an aggressive virtual fundraising schedule featuring high-profile surrogates who drew millions of dollars per event. Trump largely halted his in-person fundraising when the coronavirus stay-at-home restrictions went into effect in March.

Trump is slated to headline fundraising events in the Hamptons this week, according to CNBC. And Ivanka Trump, the president’s daughter and White House senior adviser, appeared at a virtual fundraiser Wednesday that reportedly drew $4 million.

Biden continued to close the cash-on-hand gap. Trump reported entering August with more than $300 million, and Biden reported about $294 million.

The official fundraising figures will be made public by the Federal Election Commission on Aug. 20.

The Trump campaign and RNC recently announced hiring 300 additional field staffers for a total of more than 1,500, according to the campaign.

“The enthusiasm behind President Trump’s reelection continues to grow as July’s massive fundraising totals prove,” Bill Stepien, Trump’s campaign manager, said in a statement. “Voters express their support for President Trump in many different ways and donating to his campaign is one of the most personal, because they feel invested in his successes and the future success of the country. The President’s support continues to increase while Joe Biden just posted a down fundraising month from his basement.”

“The Biden campaign is on the march, building off the incredible momentum from this summer with another lights-out fundraising month, banking another $50 million for the final stretch to election day,” Jen O’Malley Dillon, Biden’s campaign manager, said in a statement. “Fueled by our growing community of grass roots supporters, we are rapidly expanding our operations around the country to create many paths to the 270 electoral votes we need to defeat Donald Trump this fall and win the battle for the soul of our nation.”

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