The Trump campaign has been raking it in, with some impressive fundraising totals so far. According to disclosed figures, the campaign has raised over $1.1 billion in the 2020 election cycle.
The campaign's fundraising numbers have been bolstered by strong support from small donors, with over 600,000 contributions of $200 or less. These small donations have accounted for a significant portion of the campaign's total haul.
The campaign has also received significant funding from larger donors, including $10 million from billionaire casino magnate Sheldon Adelson and $5 million from billionaire investor Paul Singer.
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Trump Campaign Fundraising
The Trump campaign has been raking it in, raising a whopping $331 million in the second quarter of the year, beating out President Biden's haul of $264 million. This is a significant amount of money, and it's likely to give Trump's campaign a boost in the coming months.
Trump's campaign reported that it raised $111.8 million in June alone, which is less than the $127 million Biden raised last month, but still a respectable amount. This shows that Trump's campaign is consistently bringing in a lot of money.
The Trump campaign ended the quarter with $284.9 million cash on hand, compared to Biden's $240 million. This gives Trump's campaign a bit of a cash advantage going into the next quarter.
A high-dollar fundraiser in Florida raised $43 million so far, with the event expected to bring in as much as $50 million. This is a significant amount of money, and it's likely to help Trump's campaign stay competitive.
Trump's campaign has also been using its fundraising ties with the national and state Republican parties to help pay his legal bills. This has allowed Trump to raise money through joint fundraising committees, which has helped him pay for his legal expenses.
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Trump Fundraisers
Trump's campaign has been raking it in, with a reported haul of $331 million in the year's second quarter, beating out President Joe Biden's $264 million.
This is a significant amount of money, and it's likely to give Trump's campaign a boost in the coming months. Trump's total includes $111.8 million that the campaign says it raised in June.
The Biden campaign, on the other hand, reported raising $127 million in June, which includes more than $33 million on the day of the debate and in its aftermath.
Trump's campaign ended the quarter with $284.9 million cash on hand, compared with $240 million reported by Biden. This gives Trump's campaign a significant cash advantage going into the next quarter.
A recent fundraiser in Florida has raised $43 million so far, with the event expected to bring in as much as $50 million. This is a testament to the power of high-dollar fundraising events in supporting Trump's campaign.
The Palm Beach fundraiser is collecting money for the Trump 47 Committee, a joint fundraising operation that includes Trump's campaign, the RNC and state party committees. It also benefits a leadership PAC that has underwritten Trump's personal legal bills and is part of the joint fundraising agreement.
The Trump campaign and the RNC announced raising a combined $65.6 million in March, entering April with $93.1 million in cash on hand.
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Trump Campaign Legal Costs
Trump's campaign has been using his leadership PAC, Save America, to cover a significant portion of his legal bills.
Save America reported raising $9 million in April, nearly double its haul from March, with two-thirds of that coming from transfers through a joint fundraising committee tied to the RNC and state parties.
Trump's legal bills have been substantial, with Save America spending nearly $3.2 million on "legal consulting" in April alone.
This brings the total legal spending by Save America to over $62 million since the start of 2023.
Save America has also been refunding money to its super PAC, MAGA Inc., which had previously received $60 million from the PAC before Trump launched his presidential campaign.
The PAC now carries over $1.6 million in debt for "legal consulting" and owes significant amounts to several law firms, including $837,000 to Blanche Law, the firm of Todd Blanche, Trump's lead attorney in the Manhattan trial.
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