Team Biden-Harris Raises More than $187 Million in Q1, Announces More Than $192 Million Cash on Hand

Team Biden-Harris Raises More than $187 Million in Q1, Announces More Than $192 Million Cash on Hand

Team Biden-Harris Raised More than $90 Million in March Alone, $422 Million Since April Launch is Most Ever for a Democratic Presidential Candidate

$192M is Highest Total Cash on Hand of Any Democratic Candidate in History

5 Straight Months of Record-Breaking Grassroots Support

Today, Team Biden-Harris announced that it raised more than $187 million in the first quarter of 2024, including more than $90 million in the month of March. This historic fundraising operation continues to break monthly grassroots fundraising records through the first three months of 2024 – an indication of enthusiasm, strength, and Team Biden-Harris’ historic resources heading into the general election. This first quarter raise is nearly double the unprecedented 2023 fourth-quarter haul of $97 million.

The team is also reporting a historic $192 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. What that means is that as Team Biden-Harris grows its operation, it continues to also grow its war chest.

While Trump cozies up to billionaires tonight to raise his money, Team Biden-Harris’ first-quarter haul was driven by the strength of our grassroots support, which continues to grow month over month. March was the campaign’s strongest grassroots fundraising month since launch and the fifth consecutive record-breaking grassroots fundraising month. To date, 1.6 million people have contributed to the campaign.

“The money we are raising is historic, and it’s going to the critical work of building a winning operation, focused solely on the voters who will decide this election – offices across the country, staff in our battleground states, and a paid media program meeting voters where they are,” said Julie Chavez Rodriguez, Biden-Harris 2024 Campaign Manager. “It’s a stark contrast to Trump’s cash-strapped operation that is funneling the limited and billionaire-reliant funds it has to pay off his various legal fees.”

“While Donald Trump has been busy awarding himself golf trophies at Mar-a-Lago and palling around with billionaires, Joe Biden has been criss-crossing the nation connecting with voters and outlining his vision to grow our economy from the bottom up and the middle out. That’s why Democrats are earning record-breaking support from grassroots donors, like nurses and teachers, who are fired up to reelect President Biden, Vice President Harris, and Democrats up and down the ballot,” said Jaime Harrison, Chair of the Democratic National Committee. “Thanks to historic fundraising, like we saw this quarter, we have been able to expand our work on the ground in states so that we can connect more and more with the voters who are powering this campaign and who will turn out in November to reject Trump and MAGA extremists.”

“It sure looks like Trump’s campaign is hiding behind a few billionaires at Mar-a-Lago and is struggling to attract the grassroots donor enthusiasm that powers winning campaigns,” said Rob Flaherty, Biden-Harris 2024 Deputy Campaign Manager. “Unlike Trump, we’ve got nothing to hide and everything to be proud of: our program is showing historic strength and sends a clear signal that our coalition is motivated and growing by the month.”

Team Biden-Harris’ war chest is both the highest total amassed by any Democratic candidate in history at this point in the cycle, and more than double what Donald Trump and the GOP fundraising apparatus have on hand.

The $100 million war chest advantage Team Biden-Harris has over Trump just so happens to be the same amount in legal fees Trump has paid since he left the White House – almost entirely with political contributions from his donors.

Our program is showing strong, growing, and sustained grassroots enthusiasm for the long-term – the very metrics Trump’s campaign is hiding the ball on. The (deliberately) scarce details available so far from Team Trump show an operation relying heavily on maxed-out donors and little evidence of a durable grassroots program. Let’s take a look under the hood:

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

• In Q1, 96% of all our donations were under $200 and more than 1.1 million donors made over 1.9 million contributions.
• We now have more than 212,000 sustaining donors – more than double the amount at this point in the 2020 cycle – who have pledged more than $5.2 million in monthly contributions.
• And in March alone, 704,000 unique donors made 864,000 contributions to Team Biden-Harris.
• March was our strongest grassroots fundraising month since launch and more than half of Team Biden-Harris’ revenue came from grassroots channels in Q1. March was the fifth consecutive record-breaking month for grassroots fundraising. Team Biden-Harris also raised $1.5 million per day in grassroots fundraising in March.
• Donors hailed from all 50 states and all walks of life, with teachers and nurses as some of the most common occupations among donors.
• The Biden campaign’s active email list doubled in size from the end of Q4 2023 to the end of Q1 2024, and email and text engagement doubled in Q1 2024.
• High-profile moments continue to motivate our supporters – and at a historic scale:
  • Around the State of the Union, Team Biden-Harris saw the best, second best, and third best hours of grassroots fundraising this cycle in a row.
  • The campaign raised over $10 million in the 24 hours around the State of the Union in grassroots contributions.
  • The “Evening with the Presidents” Contest generated $9.5 million in grassroots fundraising – highest performing grassroots sweepstakes to date.

Team Biden-Harris’ Fundraising is Going to the Voters Who Will Decide This Election

The money Team Biden-Harris is raising is going to the important, early work to speak to the key voters in battleground states. That includes:

• More than 100 coordinated campaign offices and hundreds more staff across the battleground states, including historic investments in training and reaching supporters across the country with new organizing tactics.
• A $30 million, six-week paid media campaign targeting the voters who will decide this election, including ad buys targeting Latino, Black, AAPI, and Haley voters.
• Fanning out the President, Vice President, and other surrogates across the battleground country. President Biden visited every battleground state in less than 20 days, and campaign surrogates participated in 69 campaign events in March alone.

Trump’s Program Tells a Different Story

Donald Trump isn’t showing either the interest or financial capability to reach the voters who will decide this election. The RNC has scrapped plans to expand its outreach to communities of color, and Trump’s team has actively looked to attack Haley supporters who continue to vote en masse against him. Here’s where his money is going – or where it isn’t going:

• Donald Trump’s legal fees continue to stack up. Swaths of Trump’s haul will go to his more than $100 million and growing in legal fees, including what he raises at his fundraiser today – hardly a way to reach swing voters.
• The money Trump is raising isn’t from grassroots donors, but predominantly from fancy dinners with billionaires at his country club – and even when Trump does raise money from small online donors, he’s directed 10% of every dollar to his PAC to pay his legal bills
• Donald Trump has announced zero battleground offices or staff – in fact the RNC has closed offices and is firing staff.
• Instead of focusing on reaching new voters, Trump has exited the Mar-a-Lago basement for his hardcore MAGA-base rallies. Invoking violent rhetoric, praising insurrectionists, and attacking fellow Republicans is hardly a way to reach moderate Republican voters.

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