Team Biden-Harris Raises More Than $53M in February 2024, Historic $155M War Chest
$155 Million in Cash on Hand, Highest Total of Any Democratic Candidate in History
Team Biden-Harris Raised More than $331 Million Since April Launch
Raises More Than $53 Million in February Alone, Most Ever for a Democratic Presidential Candidate in On-Year February
Today, Team Biden-Harris announced that it raised more than $53 million in February, continuing to break fundraising records through the beginning of 2024, boasting enthusiasm, strength, and historic resources heading into the general election. The team is also reporting a historic $155 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’ February haul was driven in large part by the strength of our grassroots support, which continued to grow month over month. February was the campaign’s strongest grassroots fundraising month since launch and the fourth consecutive record-breaking grassroots fundraising month.
“We’re proud of the record-breaking fundraising machine we’ve built that is going toward reaching the voters about the stakes of this election – to expanding our footprint in the states, investing in paid media, and having our principals barnstorm the country. And we’re just getting started,” said Julie Chavez Rodriguez, Biden-Harris 2024 Campaign Manager. “Donald Trump and the RNC’s numbers and operation tell a different story – one of division, ineptitude, and a fundamental inability to build a coalition that can win 270 electoral votes. The stakes of this election couldn’t be higher for the future of this country, and our historic fundraising operation is making sure every voter knows these stakes come November.”
“While Joe Biden and Democrats continue to put up historic grassroots fundraising numbers, Donald Trump and the RNC are in financial disarray. It’s no surprise that their sales pitch of gutting Social Security and Medicare, taking away our fundamental rights, and ripping away our health care is not resonating with donors who remember the sheer chaos of Trump’s first term,” said DNC Chair Jaime Harrison. “Our grassroots supporters know that the stakes of this year could not be higher, and they’re chipping in like our democracy is on the line – because it is.”
February's strong showing continues to build on a historic war chest amassed at the end of January – the highest total amassed by any Democratic candidate in history at that point in the cycle, and more than Donald Trump and the GOP fundraising apparatus combined. This haul doesn’t even reflect the strong and reported fundraising haul that came from the President’s State of the Union address.
Team Biden-Harris’ February haul is going toward critical efforts to reach and mobilize the voters who will decide this election – scaling up capacity in our battleground states, supporting a travel blitz by the President, Vice President, First Lady, and Second Gentleman across the country, and launching a $30 million ad campaign targeting voters in battleground states.
Meanwhile, Donald Trump and the RNC are cash-strapped and hobbling into the general election:
Trump’s campaign and outside groups are impoverished as legal bills and anemic fundraising raise alarm across the Republican Party.
Republican Party officials are worried that state parties’ “dangerously low finances” will leave Trump “hamstrung on party infrastructure in key battleground states.”
The RNC is so cash-strapped that party officials have discussed tapping a line of credit to maintain operations and the Arizona GOP was “desperately” forced to beg the RNC for additional funds “to keep the lights on” because it was drowning in debt from legal bills related to putting forward alternate electors falsely claiming Trump won the 2020 election.
Just this week, news broke that the RNC planned to shut down its “minority outreach” community centers.
Let’s run through the numbers:
Team Biden-Harris’ Powerhouse Grassroots Operation Grew Again in February:
February was our strongest grassroots fundraising month since launch, and the fourth consecutive record-breaking month for grassroots fundraising – even with fewer days in the month than any other month before it.
High-profile moments continue to motivate our grassroots donors: In the 48 hours following the GOP primary in South Carolina, Team Biden-Harris generated $1.6M in grassroots revenue. The First Lady’s email was the second-best fundraising email of the election cycle, with the sends generating $853K in February.
February 29, the final day of the filing period, grossed nearly $2M in a single day from small-dollar donors – marking a top-five day of grassroots fundraising this cycle.
Trump-focused emails also drove up grassroots donations. Team Biden-Harris raised 40 percent more via email month-over-month – with some of the most successful emails focusing on Trump becoming the Republican nominee, including reminding folks how they felt when he was in office, the risk he poses to democracy post-January 6, and the amount the GOP is spending on ads to reelect him.
The “Evening with the Presidents” Contest generated $4M in grassroots fundraising in February alone. The contest is live up until the event date in late March, however, by end of February, the contest had already become Team Biden-Harris’ most successful contest online to date.
Today’s strong numbers reflect efforts across the campaign, DNC, and its joint fundraising committees:
In February, 469,000 unique donors made 562,000 contributions to Team Biden-Harris.
Since launch, 97% of all our donations were under $200 and 1.3 million donors have made nearly 3.4 million contributions.
Additionally, we now have more than 178,000 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.
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.
