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The Biden campaign raised greater than $97 million in the fourth quarter of 2023, and has $117 million cash-on-hand— the “highest total of any Democratic candidate in history” at this level in a presidential election cycle.
The campaign introduced Monday that President Biden’s re-election campaign is coming into the 2024 presidential election 12 months with “historic sources,” and touted the campaign’s grassroots efforts.
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“This historic haul—proudly powered by strong and growing grassroots enthusiasm—sends a clear message: the Team Biden-Harris coalition knows the stakes of this election and is ready to win this November,” Biden campaign supervisor Julie Chavez Rodriguez stated. “Across our coalition, we are seeing early, sustained support that is helping us scale our growing operation across the country and take our message to the communities that will determine this election.”
She added: “Our democracy and hard-fought basic rights and freedoms are on the line in 2024, and these numbers prove that the American people know the stakes and are taking action early to help defeat the extreme MAGA Republican agenda again.”
President Joe Biden (ANDREW CABALLERO-REYNOLDS/AFP by way of Getty Images)
The campaign out-raised its Q3 numbers. In October, the campaign introduced it raised roughly $71 million in the third quarter of 2023.
The campaign stated it has efficiently grown its money on hand for the final three quarters – beginning at $77 million in Q2, to $91 million in Q3, and now $117 million on the finish of Q4.
“While most of the Republicans have not yet announced their fundraising numbers, we fully expect to lap them…Several times.” Biden Senior Advisor for Communications TJ Ducklo stated.
The Biden campaign, in December, had its strongest grassroots fundraising month, breaking its earlier document from November. The campaign stated almost 1 million supporters have made greater than 2.3 million contributions.
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The campaign reported that 97% of its donations in Q4 had been beneath $200, with the campaign seeing a mean grassroots contribution of $41.88.
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Reflecting on its fundraising historical past, the campaign stated its “Cup of Joe” contest to fulfill with Biden and Vice President Harris was the campaign’s “most successful contest to date, raising over $3 million.”
The campaign has additionally held 110 fundraisers since President Biden introduced his re-election campaign—together with 39 in the final quarter of 2023.
In December, Biden raised greater than $15 million throughout a fundraising blitz.
First, the president attended a fundraising occasion in Boston, Mass., which featured a live performance by singer-songwriter James Taylor. Front-row tickets offered for $7,500 per seat.
President-elect Joe Biden, his spouse Jill Biden and Vice President-elect Kamala Harris and her husband Doug Emhoff arrive on the steps of the U.S. Capitol for the beginning of the official inauguration ceremonies, in Washington, Wednesday, Jan. 20, 2021. ((AP Photo/J. Scott Applewhite))
Then, he traveled to Los Angeles for a Hollywood fundraiser hosted by Steven Spielberg, Shona Rhimes, CEO of Paramount Pictures Jim Gianopulos, actor and filmmaker Rob Reiner, and others. Top tickets for that occasion had been stated to be $930,000 every.
But the campaign stated the numbers inform a narrative—and mirror efforts throughout not simply the Biden re-election campaign, however the Democratic National Committee and its joint-fundraising committees.
The campaign stated one-third of its donors are new donors for the reason that 2020 campaign.
“As Republicans burn through millions of dollars in their race to out-MAGA each other, grassroots supporters across the country are pitching in to reelect Joe Biden and Kamala Harris and stop MAGA extremism in its tracks,” DNC Chair Jaime Harrison stated. “This historic haul—powered by grassroots donors—makes it clear that voters understand the stakes of this election and they’re ready to stand up and fight for our democracy and freedoms.”
Harrison stated the Biden campaign and the DNC are working “as one team with a single mission.”
That mission is “to build a winning campaign that has the resources to send Joe Biden and Kamala Harris back to the White House, and elect Democrats up and down the ballot.”
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The campaign introduced the numbers on the day of the Iowa Caucuses—the first-in-the-nation presidential major contests. With Joe Biden working unopposed in the Democratic major, all eyes are on Republicans.
Voters, for the primary time, will select between former President Trump, who’s main the GOP area by a large margin; former South Carolina Gov. Nikki Haley, Florida Gov. Ron DeSantis, and businessman Vivek Ramaswamy.
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