Biden's campaign has raised more than $97 million in the fourth quarter of 2023 and has $117 million in cash on hand, the “highest amount ever for a Democratic candidate” at this point in the presidential election cycle.
The campaign announced Monday that President Biden's reelection campaign will enter the 2024 presidential election year with “historic resources” and touted the campaign's grassroots efforts.
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“This historic victory was fueled by strong and growing grassroots enthusiasm and sends a clear message,” said Biden campaign manager Julie Chavez Rodriguez. “We know the stakes in this election and are ready to win this November.” “Across our coalition, we have received early and continued support that will help us expand our growing business across the country and take our message to the communities that will decide this election. It’s helpful.”
He added: “Our democracy and hard-fought fundamental rights and freedoms are at stake in 2024, and these numbers are a sign that Americans are aware of the dangers and extreme MAGA Republican policies.” “This proves that we are taking early action to defeat the US once again.”
President Joe Biden (Andrew Caballero Reynolds/AFP via Getty Images)
This campaign exceeded Q3 numbers. The campaign announced in October that it had raised about $71 million in the third quarter of 2023.
The campaign said it has steadily increased its cash reserves over the past three quarters, from $77 million in the second quarter to $91 million in the third quarter and $117 million at the end of the fourth quarter. .
“While most Republicans have yet to release fundraising numbers, we fully expect to do so over several rounds,” said TJ Ducklo, Biden's senior communications adviser. Told.
December was the Biden campaign's most active month of grassroots fundraising, breaking records since November. The campaign says its nearly 1 million supporters have made more than 2.3 million donations.
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The campaign reported that 97% of donations in the fourth quarter were less than $200, and the average contribution from grassroots sources was $41.88.
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Looking back on its fundraising history, the campaign said its Cup of Joe contest, in which Biden met with Vice President Harris, was its “most successful contest to date, raising more than $3 million.” ” he said.
The campaign has also held 110 fundraising events since President Biden announced his re-election campaign, including 39 in the final quarter of 2023.
In December, Biden raised more than $15 million in fundraisers.
First, the president attended a fundraising event in Boston, Massachusetts, which featured a concert by singer-songwriter James Taylor. Front row tickets will be sold for $7,500 per seat for him.
President-elect Joe Biden, his wife Jill Biden, Vice President-elect Kamala Harris and her husband Doug Emhoff arrive on the steps of the U.S. Capitol for the start of the official inauguration ceremony, Wednesday, January 20, 2021, in Washington. . ((AP Photo/J. Scott Applewhite))
He then traveled to Los Angeles for a Hollywood fundraiser hosted by Steven Spielberg, Shona Rhimes, Paramount Pictures CEO Jim Gianopulos, and actor and director Rob Reiner. The highest ticket price for the event was said to be $930,000 each.
But the campaign said the numbers speak for themselves and reflect the efforts of not just Biden's re-election campaign, but the Democratic National Committee and its joint fundraising committee as a whole.
The campaign says one-third of its donors are new donors since the 2020 campaign.
“Grassroots supporters across the country are working together to re-elect Joe Biden and Kamala Harris and stop MAGA extremism as Republicans burn through millions of dollars in races to outsmart each other.” said DNC Chairman Jamie Harrison. “This historic victory by grassroots donors made it clear that voters understand the stakes in this election and are ready to stand up and fight for democracy and freedom.”
Harrison said the Biden campaign and the Democratic National Committee are working “as one team with a single mission.”
Its mission is to “build a winning campaign with 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 announced the numbers on the day of the Iowa caucuses, the nation's first presidential primary. With Joe Biden running unopposed in the Democratic primary, all eyes are on the Republican Party.
For the first time, voters will choose between former President Donald Trump, who leads the Republican field by a wide margin. Former South Carolina Governor Nikki Haley, Florida Governor Ron DeSantis, and businessman Vivek Ramaswamy.
