CNN
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Vice President Kamala Harris’ presidential marketing campaign mentioned it raked in a whopping $310 million in its July fundraising efforts – greater than double the quantity raised by her Republican rival final month – and has $377 million money readily available, marking the newest signal of how transformative and energizing the change to the highest of the Democratic ticket has been amongst grassroots and high-dollar supporters.
A majority of that $310 million haul, greater than $200 million, was raised within the first week of Harris’ candidacy, the marketing campaign mentioned in a press release, with two-thirds of the fundraising coming from first-time donors to the marketing campaign.
President Joe Biden introduced he wouldn’t search reelection on July 21, endorsing Harris the identical afternoon. Harris swiftly consolidated assist among the many get together and had secured sufficient delegate endorsements to win the nomination the next evening.
Previous to Biden’s choice to step apart, Democratic donors had expressed deep considerations concerning the president’s viability as a candidate, holding again large checks and standing down on deliberate fundraising occasions.
The July numbers sign a outstanding turnaround and greater than double former President Donald Trump’s fundraising this month: the Trump marketing campaign introduced Thursday that its political operation had raised $138.7 million in July, with $327 million money readily available.
Even so, July was a powerful fundraising month for Trump that noticed him settle for his get together’s nomination on the Republican Nationwide Conference, announce his working mate, Ohio Sen. JD Vance, and survive an assassination try.
The July haul was the second month in a row that Democrats have outraised Trump’s crew, and the surge in donations lifted Democratic fundraising above the $1 billion mark – the quickest a marketing campaign has crossed that threshold in presidential historical past, in accordance with Harris’ crew.
The Harris marketing campaign mentioned July additionally marked the “finest grassroots fundraising month in presidential historical past” with 94% of its donations falling below $200.
“It is a history-making haul for a candidate who will make historical past this November. The great outpouring of assist we’ve seen in simply a short while makes clear the Harris coalition is mobilized, rising, and able to put within the work to defeat Trump this November,” Harris marketing campaign supervisor Julie Chavez Rodriguez mentioned in a press release, including that the marketing campaign’s cash “goes to the work that wins shut elections.”
The marketing campaign additionally highlighted some key demographic tendencies it noticed in July donations: greater than 10 instances the variety of Gen Z donors contributed in comparison with June, and greater than eight instances the variety of millennial donors than the earlier month. Sixty % of donors, the marketing campaign famous, had been girls. And as a number of coalition teams have held organizing Zoom calls in latest days, the marketing campaign famous that teams “like Black Girls for Harris, Latinas for Harris, and sure, White Dudes for Harris raised greater than $20 million for Staff Harris.”
Harris’ crew has greater than 260 coordinated marketing campaign workplaces and greater than 1,400 coordinated marketing campaign workers in battleground states, it mentioned.
The cash raised by Harris’ political operation in July falls in need of the file excessive set in September 2020 when Biden’s marketing campaign and the Democratic Celebration raised $383 million, but it surely underscores how a lot her shock candidacy swiftly modified the fundraising trajectory for the get together.
The problem forward for Harris: sustaining the blistering fundraising tempo.
“These are unprecedented quantities to be elevating in such a brief timeframe,” Brendan Glavin – deputy analysis director at OpenSecrets, which tracks political cash – mentioned of the $200 million Harris raised within the first week of her candidacy. However, he added, “the marketing campaign should keep momentum and persuade donors to maintain giving all through the autumn, when fundraising is historically at its peak.”
