- The fourth fundraising quarter of 2019 ended on December 31, and 2020 Democratic presidential candidates are beginning to report their last major fundraising hauls of 2019.
- The 14 major Democrats running for president are fiercely competing for donations in order to rise to the front of the race in one of the most crowded fields in recent history.
- Out of the Democrats who have announced their third-quarter fundraising totals, Sen. Bernie Sanders leads the pack with $US34.5 million followed by former Mayor Pete Buttigieg with $US24.7 million.
- On the GOP side, the Trump campaign and the Republican National Committee announced raising a combined $US154 million for President Donald Trump‘s re-election campaign in the fourth quarter.
- Visit Business Insider’s homepage for more stories.
The fourth fundraising quarter of 2019 ended on December 31, and 2020 Democratic presidential candidates are beginning to report how much they have brought in.
There are currently 14 major Democrats in the 2020 primary field – and they’re fiercely competing for donations in order to rise to the front of the pack a little over four weeks before the Iowa caucuses.
Almost all of the Democratic contenders have pledged to run grassroots campaigns, with many rejecting donations from corporate PACs, federal lobbyists, and fossil fuel companies.
The Democratic National Committee raised the fundraising stakes even more by requiring 2020 Democrats to reach 5% in four national polls and secure 225,000 individual donations from donors in at least 20 states to qualify for the next Democratic primary debate in January.
Out of the eight Democrats who have announced their fourth-quarter fundraising totals, Sen. Bernie Sanders leads the pack with $US34.5 million followed by former Mayor Pete Buttigieg with $US24.7 million.
Notably, Sanders and Warren are the only two candidates who have completely sworn off not just PAC money but all private, high-dollar fundraisers and are completely relying on grassroots donations, speaking to the power of the digitally-driven small-dollar model.
On the GOP side, the Trump campaign and the Republican National Committee announced raising a combined $US154 million for President Donald Trump‘s re-election campaign in the fourth quarter, blowing Democrats’ fundraising out of the water.
Here are all the 2020 candidates who have announced their third-quarter fundraising and how much they have raised. This post will be updated as more 2020 candidates report their third-quarter fundraising.
Tulsi Gabbard: $US3.4 million
Sen. Cory Booker: $US6.6 million
Booker, who has consistently struggled to break above 2% in Democratic primary polls, very narrowly improved on his third-quarter fundraising by around $US600,000, with half of his total haul coming from first-time donors.
Sen. Amy Klobuchar of Minnesota: $US11.4 million
Klobuchar is positioning herself as a pragmatic and highly electable alternative to Biden for moderate voters unlikely to vote for Sanders or Warren and is making a play for Iowa, heavily investing her resources in the first early voting state.
Klobuchar more than doubled her third-quarter fundraising performance by an eye-popping $US6.6 million after bringing in just $US4.8 million in Q3.
Andrew Yang: $US16.5 million
Yang has experienced one of the most meteoric rises in the 2020 campaign and has also reported one of the largest improvements on fundraising, also heavily relying on the grassroots, digital donor model.
His campaign announced bringing in $US16.5 million in the third quarter, a massive $US6.5 million increase over their third-quarter haul of $US10 million.
Source: New York Times
Sen. Elizabeth Warren: $US21.2 million
Warren was the one out of the four leading candidates to see her fundraising decline between Q3 and Q4, falling from $US24.6 million from Q3 as she has lost support and stature in primary polls. Her average donation was $US23.
Former Vice President Joe Biden: $US22.7 million
Biden’s latest haul is a huge improvement over his Q3 performance, when Biden worried wealthy Democratic donors by only raising $US15 million, trailing behind Sen. Bernie Sanders, Sen. Elizabeth Warren, and former Mayor Pete Buttigieg.
The Biden campaign said they doubled their online fundraising compared to 2019’s third quarter, bringing their average donation amount to $US23 and attracting a large number of first-time contributors. They have not announced their total cash on hand.
Former Mayor Pete Buttigieg: $US24.7 million
Right out of the gate, Buttigieg proved himself to be a highly talented fundraiser, winning over thousands of wealthy high-dollar and small-dollar donors alike. Buttigieg brought in $US24.7 million in Q4, a huge improvement of $US5.6 million compared to his Q3 haul of $US19.1 million.
Sen. Bernie Sanders: $US34.5 million
Sanders – who pioneered the grassroots fundraising model in his 2016 campaign – improved on his second-quarter fundraising by over $US11 million, bringing in a stunning $US34.5 million in Q4.
The Sanders campaign also announced they had officially received 5 million individual donations throughout his campaign, with an average contribution size of $US18.
President Donald Trump and the RNC: $US154 million
Unlike the Democrats, Trump has the big advantage of being the presumptive GOP nominee and having the Republican National Committee already behind him, including fundraising on his behalf.
The Trump campaign and the RNC reported raising a combined sum of $US154 million in the third quarter and are heavily capitalising on the ongoing impeachment inquiry into Trump, with $US46 million coming from the Trump campaign itself.
In all, Trump and the RNC raised a staggering sum of $US463 million towards the president’s re-election campaign in 2019, setting the stage for an expensive general election battle.
Business Insider Emails & Alerts
Site highlights each day to your inbox.