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Home / US / Extracts from the Democrats' Fundraising Reports for the second quarter of 2020: winners and losers among the Democrats for the second quarter of 2020 and Alexandria Ocasio-Cortez & # 39; bulk good Pete Buttigieg, a mayor who was little known outside of his hometown of Indiana before his sure-footed media appearances in the spring and his fundraising abroad, persuaded deep-pocketed democratic donors to open their wallets.

Extracts from the Democrats' Fundraising Reports for the second quarter of 2020: winners and losers among the Democrats for the second quarter of 2020 and Alexandria Ocasio-Cortez & # 39; bulk good Pete Buttigieg, a mayor who was little known outside of his hometown of Indiana before his sure-footed media appearances in the spring and his fundraising abroad, persuaded deep-pocketed democratic donors to open their wallets.



Buttigieg collected nearly $ 25 million from April to June. And he entered July – usually a slow fundraising phase as donors turned to vacation plans and politics – and left more than $ 22.7 million in his bank account, one of the largest war chest of the field remained. He already uses the money to mobilize more than 250 people in pre-election countries.
The other four top-tier candidates: former Vice President Joe Biden, who has raised nearly $ 22 million, Massachusetts Senator Elizabeth Warren Vermont's Senator Bernie Sanders $ 18 million, and California Senator Kamala Harris $ 11.8 million reports show.

That's trouble for Democrats hoping to compete next year in an Iowa Caucus system that requires money and organization months in advance, said Ami Copeland, a former deputy finance director for the Obama campaign.

"If you're running a $ 2.8 or $ 4 million campaign against a juggernaut of $ 1

5 to $ 20 million, it's hard to break in," he told CNN. "The demands on a campaign are far too high today."

"We will see more candidates drop out before the end of the next quarter," added Copeland.

O 'Rourke Spits

Former Texas Congressman Beto O'Rourke, who shattered political cash records in his near-Senate campaign in 2018, saw his call for donations as a presidential candidate. He garnered $ 3.6 million in the second quarter after $ 9.4 million in the first 18 days of his election campaign earlier this year.

He also spent far more than he accepted and pocketed more than $ 5.3 million in his political operation. About $ 1 in $ 5 of O & Rourkes dollars went to labor costs.

In an email to supporters, O & # 39; Rourkes campaign manager Jen O & Malley Dillon openly admitted that fund-raising needed to be increased.

"We have the resources we need in the long run, but if we do not increase this quarter, we have no choice but to make some adjustments," wrote O & Malley Dillon.

Payroll, Airplanes and Celebrities

Sanders has outperformed the rest of the Democratic field over the three months and spent some $ 14 million – including $ 3 million on salaries.

Biden, competing in his first presidential race since 2008 Warren has spent $ 11 million, including more than $ 250,000 on a private jet operator based in Arlington, Virginia.

Warren has canceled major fundraisers or solicited donors who are deep in their pockets.

But the glitterati have found their way into their campaign. Hollywood stars who donated $ 2,800 to Warren included TV drama guru Shonda Rhimes and actress Jane Fonda. Barbra Streisand donated $ 1,000 to the Massachusetts senator.

Nonetheless, small donations of US $ 200 or less made Warren's campaign, which accounted for two-thirds of their individual contributions between April and June. Another candidate, Julian Castro, even raised a larger part of his money from small donors, just over 74%.

Trump juggernaut

President Donald Trump built his 2016 campaign on small donors and still spends hard to reach his base. But his campaign and his joint fundraising committee, which he runs with the Republican National Committee, increasingly rely on large donors to advance his re-election.

Together, four related Trump organizations – including the National Party – announced a $ 108 million raise in the second quarter.

Donors who donated $ 360,600 apiece for their Trump Victory fund included Wisconsin roofing magnate Diane Hendricks; Marlene Ricketts, the wife of TD Ameritrade founder J. Joe Rickett; and Linda McMahon, who led Trump's Small Business Administration before leaving to raise money for a Pro Trump Super PAC.

Trump Victory shares his money with the election campaign of the President, the RNC and the States Parties.

Freshman Fever

Some Democrats in Congress are raising significant sums of money, as newly submitted campaign reports prove. [19659016] New York MP Alexandria Ocasio-Cortez – in the midst of a firestorm over Trump's tweets that told her and three other women in Congress that they should "go back" where they came from – brought in a whopping 1.2 million in three months Dollars on You Can Wait for Re-election in 2020.

That sum overshadowed the stakes of some Democratic presidential candidates, including New York City Mayor Bill de Blasio and former Colorado Governor John Hickenlooper, in the second quarter.

Nearly 84% of your donations came in small amounts, a sign that she can repeatedly address these donors before she reaches the $ 2,800 limit that an individual can donate for a general or legislative election.

Combustion Rates

The submissions show that 11 Democratic candidates – all outside the top 5 – posted unsustainable burn rates as they spent more than they increased in the second quarter.

New York's Senator Kirsten Gillibrand was highest with a burn rate of nearly 184% when she spent $ 4.2 million. Gillibrand has a substantial cash reserve of $ 8.2 million, which is replenished with existing funds from its Senate Campaign Account. But with only $ 2.3 million in the quarter, the campaign can not spend that much anymore.
O & Rourke and Hickenlooper recorded burn rates of over 140 percent – especially problematic for Hickenlooper, who has just over $ 836,000 in cash on hand in the third quarter – while New Jersey Sen. Cory Booker, Minnesota Sen. Amy Klobuchar , Washington Governor Jay Inslee and Hawaii Rep. Tulsi Gabbard spent more than they earned in the last quarter. Marianne Williamson spent almost $ 1.5 million, as she had collected in the quarter.
Candidates like Booker and Klobuchar have enough cash reserves to survive the high expenses. But many candidates, even those who did not spend more than they grew up, are entering the third quarter with limited resources. Eight candidates had a cash balance of less than $ 1 million, including Ohio Representative Tim Ryan, Massachusetts Representative Seth Moulton, New York City Mayor Bill de Blasio, and businessman Andrew Yang.

This story has been updated.

CORRECTION: This story has been updated to accurately describe Andrew Yang as a businessman.

Eric Bradner, Alex Cohen and Aaron Kessler of CNN contributed to this report.


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