Team Biden-Harris Raises More Than $42M in January 2024, Historic $130M War Chest (Highest Total of Any Democratic Candidate in History)

FOR IMMEDIATE RELEASE

February 20, 2024

Team Biden-Harris Raises More Than $42M in January 2024, Historic $130M War Chest

Team Biden-Harris Raised Nearly $278 Million Since April Launch

Raises More Than $42 Million in January Alone

$130 Million in Cash on Hand, Highest Total of Any Democratic Candidate in History

Today, Team Biden-Harris announced that it raised more than $42 million in January, starting the year with a powerful display of enthusiasm, strength, and historic resources heading into the election year. The team is also reporting a historic $130 million in cash on hand, the highest total amassed by any Democratic candidate in history at this point in the cycle. Team Biden-Harris’ cash on hand has increased each of the four reporting periods since the president launched his reelection.

Team Biden-Harris’ Q4 haul was driven in large part by the strength of our grassroots support, which continued to grow in Q4. January was our strongest grassroots fundraising month since launch—the third consecutive record breaking month for our grassroots program.

“January’s fundraising haul – driven by a powerhouse grassroots fundraising program that continues to grow month by month – is an indisputable show of strength to start the election year,” said Julie Chavez Rodriguez, Biden-Harris 2024 Campaign Manager. “While Team Biden-Harris continues to build on its fundraising machine, Republicans are divided – either spending money fighting Donald Trump, or spending money in support of Donald Trump’s extreme and losing agenda. Either way, judging from their weak fundraising, they’re already paying the political price. In an election that will determine the fate of our democracy and our freedoms, President Biden’s campaign is using its resources to build a winning operation that will meet voters where they are about the stakes of this election.”

“We are particularly proud that January shattered our grassroots fundraising record for a third straight month,” said Senior Communications Advisor TJ Ducklo. “This haul will go directly to reaching the voters who will decide this election. That’s reason number 355 million that we are confident President Biden and Vice President Harris will win this November.”

January’s strong showing comes after a historic 2023 haul where Team Biden-Harris posted the largest war chest in history: $117 million cash on hand. This was the highest total amassed by any Democratic candidate in history at that point in the cycle, and more than the Republican field and party combined.

Let’s run through the numbers:

Team Biden-Harris Grew Its Grassroots Program in January:

• January was our strongest grassroots fundraising month since launch—making it the third consecutive record-breaking month for grassroots fundraising.
• In January alone, Team Biden-Harris added more than 1 million emails to our email list – already the largest email list ever for a Democratic presidential candidate.
• High-profile moments continue to motivate our grassroots donors: we raised $1 million each day in the three days after the Iowa Republican caucus, and averaged $1 million 24-hour hauls in the days leading up to the end-of-the-month deadline.

Today’s strong numbers reflect efforts across the campaign, DNC, and its joint fundraising committees:

• In January, 422,000 unique donors made 502,000 contributions to Team Biden-Harris.
• Since launch, 97% of all our donations were under $200 and 1.1 million donors have made nearly 3 million contributions.
• Additionally, we now have more than 158,000 sustaining donors who have committed to donating every month—more than double the amount at this point in the 2020 cycle.
• Donors hailed from all 50 states and all walks of life, with teachers and nurses as some of the most common occupations among donors.

“January’s unprecedented fundraising numbers underscore the grassroots momentum to send  Joe Biden and Kamala Harris back to the White House, and elect Democrats up and down the ballot this November,” said DNC Chair Jaime Harrison. “From coast to coast, Americans are rallying together to safeguard our democracy and defend our freedoms in a historic way. As this election year kicks into full gear, Team Biden-Harris and the DNC stand united, leveraging the power of grassroots donors to propel Democrats to victory at every level.”

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