Home 2024 Elections Team Biden-Harris Raises $264 Million in Q2, Announces $240 Million Cash on...

Team Biden-Harris Raises $264 Million in Q2, Announces $240 Million Cash on Hand

"June’s $127 Million Haul is Best Fundraising Month of the Campaign"

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From the Biden-Harris reelection campaign:

Team Biden-Harris Raises $264 Million in Q2, Announces $240 Million Cash on Hand

June’s $127 Million Haul is Best Fundraising Month of the Campaign

$38 Million Raised in the Four Days Following the First Presidential Debate

Today, Team Biden-Harris announced that it raised $264 million in the second quarter of 2024, pulling in $127 million in the month of June alone – the campaign’s best month of the cycle. This historic fundraising operation continues to be powered by a robust and growing grassroots operation, with more than half of the total amount raised in the second quarter coming from grassroots donors – a clear indication of the strong enthusiasm behind the Biden-Harris ticket. This second quarter haul is $75 million more than Team Biden-Harris’ raise in the first quarter of 2024.

The team is also reporting $240 million in cash on hand – up from $212 million last month. Over the course of the last three months, Team Biden-Harris grew its historic war chest while also significantly expanding its footprint and operations both in HQ and across the key states – the resources needed to win a close election.

June’s $127 million haul was not just Team Biden-Harris’ best month overall to-date – it was the strongest grassroots month to-date. Nearly two-thirds June’s raise came from grassroots donors, and of the $38 million raised in the final few days of the month, more than $30 million came from grassroots donations. Last Thursday was the best grassroots fundraising day of the campaign, and Friday was the second best. Nearly half of grassroots donations following the first presidential debate came from first-time donors to the campaign, bringing the total new grassroots donors in Q2 to more than 864,000 donors. Team Biden-Harris also now has 1.3 times more recurring donations than at this point in the 2020 cycle, and 95 percent of all donations are less than $200 – another proof point of strong, sustained grassroots support.

“Our Q2 fundraising haul is a testament to the committed and growing base of supporters standing firmly behind the President and Vice President and clear evidence that our voters understand the choice in this election between President Biden fighting for the American people and Donald Trump fighting for himself as a convicted felon,” said Biden-Harris 2024 Campaign Manager Julie Chavez Rodriguez. “President Biden is building a positive future for our country – where every American has a fair shot, our rights are protected, and our president fights to strengthen our democracy – not tear it apart. And on the other side, every single day, Trump becomes more unhinged and dangerous, whether he’s bragging about his role in overturning Roe or proudly and openly refusing to commit to accepting the results of this November’s election.

“This election will be close and the stakes couldn’t be higher – which is why today’s fundraising haul matters so much. It will ensure that we reach and mobilize the voters who will decide this election every single day.”

“Grassroots donors across the country are chipping in every day because they know that this election will determine the course of history,” said Democratic National Committee Chair Jaime Harrison. “From school teachers in Georgia to union workers in Pennsylvania, every dollar of this record-breaking fundraising haul is a vote for a stronger and fairer economy, for safeguarding our rights, and for the preservation of our democracy. In June, Democrats had their best fundraising month to date, and just last week, we had the best grassroots fundraising day of the campaign. These dollars will go to opening offices, hiring staff, and spreading Democrats’ message of hope — all of which will power Joe Biden and Kamala Harris back to the White House.”

Team Biden-Harris’ Grassroots Machine is strong and growing:

  • In Q2, 95% of all our donations were under $200 and more than 1.5 million donors made over 2.8 million contributions – with more than 864,000 donors making their first donation this cycle in Q2.
  • June was the campaign’s best grassroots fundraising month and includes its top two grassroots days ever, with nearly two-thirds coming from grassroots donors.
  • Team Biden-Harris also grew its sustaining donor base to 314,000 unique donors – more than 1.3 times as many as this point in 2020, and nearly 100,000 donors more than at the end of Q1.
  • President Biden’s grassroots active email list – still the largest in Democratic politics – grew by 11 million subscribers in Q2. Nearly 25% of this growth came from active email subscribers from 2020 re-engaging in the fight.
  • Grassroots fundraising contests featuring the President generated $12 million for the campaign in Q2, and direct-to-camera video creative featuring the President continues to be our top performing digital fundraising ads. These contests have become integral to the campaign’s ability to recruit new, first-time donors, and brought 200,000 new donors aboard in Q2 alone.

Team Biden-Harris’ War Chest is Going to Reaching The Voters Who Will Decide This Election:

Team Biden-Harris is investing this money – raised across Biden for President, the Democratic National Committee, and joint fundraising committees – in the important, decisive work to speak to the key voters in battleground states. Including:

  • More than 200 coordinated campaign offices and more than a thousand staff across the battleground states, including historic investments in training and reaching supporters across the country with new organizing tactics.
  • A $50 million paid media campaign for the month of June alone including historic investments in ad buys targeting LatinoBlackAANHPI, and Haley voters.
  • Major organizing pushes – including Black Voters for Biden-Harris and the recently launched campaign targeting Latino voters around Copa América – designed to reach out to the communities who will decide this election.
  • Just this past weekend, Team Biden-Harris held a massive mobilization blitz of over 1,500 events across the battlegrounds, marking the most successful organizing weekend of the campaign by far this cycle. Post-debate, across the battlegrounds, our rate of volunteer signups was more than three times as much as an average day.

Trump is running a campaign for his ultra-rich friends and corporations – not the American people:

Donald Trump is proudly selling the American people out to billionaire oil and gas executives to fund his campaign. Donald Trump’s fundraising continues to be fueled by his billionaire buddies donating max out checks and no amount of money will buy back all the time Trump’s campaign has wasted building battleground infrastructure. He’s selling America out, promising policy changes while begging for donations as he has spent as much as $83 million of everyday Americans’ money to pay his personal legal bills.

President Biden’s 2020 campaign raised over $1 billion, the most money of any presidential campaign in history, which included $700 million online driven by small-dollar donations – also the most in history. With President Biden at the top of the ticket, ActBlue saw over 133 million separate donations in the 2020 cycle with 71% being first-time donors.

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Paid for by Biden for President

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