Four candidates vying for the White House in 2020 have released the results of their fundraising efforts for the fourth quarter of 2019.
In the final three months of 2019, the Trump campaign stated it raised $46 million, officials for Bernie Sanderss election bid said their candidate collected $34.5 million, Pete Buttigiegs campaign stated it received $24.7 million, and Andrew Yangs campaign stated he raised $16.5 million.
At the time of reporting, no other candidates had declared their fourth-quarter intake. The Wall Street Journal reported that, in the final three months of 2019, Joe Bidens campaign expected to raise more than $22 million, while Elizabeth Warren anticipated collecting $17 million.
All presidential campaigns are required by law to report the results of their final 2019 fundraising efforts to the FEC by Jan. 31.
Historically Expensive Election
A snapshot of the fundraising efforts of the presidential contenders shows the 2020 election is poised to be the most expensive on record.
All the Oval Office candidates, including incumbent President Donald Trump, have raised a total of around $775.6 million so far in their campaigns.
This calculation is based on data from the Federal Elections Commission (FEC), which has published fundraising figures (amounting to $653.9 million) that dont include the fourth-quarter filings, to which the $121.7 million in total Q4 receipts declared by the four campaigns have been added.
Trump, who filed to run for reelection the night of his 2017 inauguration, has amassed an unprecedented war chest in his bid to extend his tenure for another four years.
A senior campaign official said on Jan. 2 that Trumps reelection campaign raised $46 million in the fourth quarter of 2019, a major haul that was boosted by a surge of donations in the wake of the Democrats impeachment bid.
“Democrats and the media have been in a sham impeachment frenzy and the presidents campaign only got bigger and stronger with our best fundraising quarter this cycle,” said Trumps campaign manager, Brad Parscale, in a statement.
The Trump campaigns official FEC filings, which dont include the Q4 intake, show that Trump has raised a total of $165.3 million since 2017, which together with the $46 million brings his total to $211.3 million. The commission figures show that the Trump campaign has so far spent $89.7 million.
“The Presidents campaign ended the calendar year with a whopping $102.7 million in cash on hand,” the campaign said in a statement. It added that the $46 million was the amount raised only by the Trump reelection campaign and doesnt include fundraising by the Republican National Committee (RNC). In the third quarter, Trump and the RNC had together raised $125 million.
The $102.7 million in cash on hand exceeds the $81.8 million the campaign of Democratic President Barack Obama had when he began his reelection year at the end of 2011, a Trump campaign official said.
Trumps strong quarter “is testament to his wide grassroots support and his stellar record of achievement on behalf of the American people,” Parscale said in a statement.
“The presidents war chest and grassroots army make his reelection campaign an unstoppable juggernaut.”
Sanders raised more than $34.5 million in the last quarter of 2019, his presidential campaign stated on Jan. 2, the largest three-month haul of any Democrat so far in the 2020 contest.
FEC figures, which dont take into account fourth-quarter funds, show Sanders has raised a total of $74.5 million since launching his bid for office. Together with the $34.5 million Sanderss campaign said he amassed in the last three months of 2019, his total donations amount to $109 million. The FEC figures show that Sanderss campaign has so far spent $46.2 million.
Sanders has built his campaign on small donations, largely through online fundraising from an ethnically diverse and mostly young coalition of supporters.
Campaign manager Faiz Shakir told Reuters that Sanderss “grassroots movement” showed he was he best placed among the Democratic hopefuls to topple Trump and take the White House.
“He is proving each and every day that working-class Americans are ready and willing to fully fund a campaign that stands up for them and takes on the biggest corporations and the wealthy,” Shakir said in a statement.
For the presidential race, the 78-year-old is fighting to stand out in a field of progressives running on issues he brought into the Democratic Party mainstream four years ago.
Sanders is now polling in second place, with 19.1 percent support in aggregate, according to RealClearPolitics.
Buttigieg, the former mayor of South Bend, Indiana, raised $24.7 million in the fourth quarter. For Buttigieg—who is polling behind Biden, Sanders, and Warren—this intake represents an increase on previous periods.
FEC figures, which dont take into account fourth-quarter funds, show Buttigieg has raised a total of $51.6 million since he launched his campaign. Together with the $24.7 million Buttigiegs campaign stated he had collected in 2019 Q4, his total donations amount to $76.3 million. The FEC figures show that this candidates campaign has so far spent $28.2 million.
A Harvard University graduate and Rhodes scholar, Buttigieg served in Afghanistan with the Navy reserve. He emerged from virtual anonymity to become one of the Democratic Partys brighter stars, building momentum with young voters.
Buttigieg is currently polling in fourth place, with 8.3 percent support in aggregate, according to RealClearPolitics.
Yang raised more than $16.5 million during the fourth quarter of 2019, according to his campaign. This intake represents $6.5 million more than his previous $10 million record set in the third quarter.
“At every turn in this race, Andrew Yang continues to exceed expectations, whether its in terms of grassroots fundraising, making the debates, early state polling, or the ability to draw big crowds,” said campaign chief Nick Ryan.
“What we have achieved together to date through the humanity first values of this campaign, now sets us up to compete through the early-state primaries, Super Tuesday, and beyond.”
FEC figures, which dont take into account fourth-quarter receipts, show Yang has raised a total of $15.2 million since launching his bid for office. Together with the $16.5 million Yangs campaign stated he had collected in the last three months of 2019, his total donations amount to $31.7 million. The FEC figures show that Yangs campaign has so far spent $8.8 million.
The New York entrepreneur and former tech executive is focusing his campaign on an ambitious universal basic income plan, which would guarantee all Americans over the age of 18 a $1,000 check every month.
His campaign has released more than 100 policy ideas, including eclectic proposals such as creating an infrastructure force called the Legion of Builders and Destroyers.
Yang is currently polling in seventh place, with 3.5 percent support in aggregate, according to RealClearPolitics.