President Joe Biden and Democratic Party groups have achieved a remarkable feat by raising a staggering $97 million in the last three months of 2023. This remarkable accomplishment is attributed to the overwhelming support of small-dollar donors, which has provided a significant boost to Biden’s campaign and affiliated fundraising committees.
As the calendar year turns to 2024, President Biden’s political machine is armed with a substantial war chest of $117 million. This significant financial advantage sets the stage for the eventual Republican nominee, who will face an uphill battle as the GOP commences its nominating process with the Iowa caucuses.
A Continuing Success Story
Building upon the success of previous fundraising periods, the Biden for President campaign, along with the Democratic National Committee and joint fundraising committees supporting state Democratic Party organizations, has consistently raised impressive amounts. The exact figures will be disclosed upon the campaign filing its year-end reports with the Federal Election Committee, due on January 31. However, this latest haul strengthens the coalition behind Team Biden-Harris and sends a clear message of their readiness to win in November.
Julie Chavez Rodriguez, the campaign manager, proudly stated, “This historic haul — proudly powered by strong and growing grassroots enthusiasm — sends a clear message: the Team Biden-Harris coalition knows the stakes of this election and is ready to win this November. Our democracy and hard-fought basic rights and freedoms are on the line in 2024, and these numbers prove that the American people know the stakes and are taking action early to help defeat the extreme MAGA Republican agenda again.”
Grassroots Enthusiasm and Small-Dollar Giving
Since President Biden announced his re-election campaign in late April, the level of grassroots support has been nothing short of extraordinary. With 1 million supporters making 2.3 million donations, including 130,000 monthly sustaining donors, the public’s commitment to Biden’s cause is unquestionable. The average grassroots donation in the fourth quarter was $41.88, a testament to the widespread support he enjoys.
Furthermore, the campaign witnessed a surge in small-dollar giving as the Republican field challenging former President Donald Trump gradually shrank. In fact, the campaign spokesperson confidently predicted that Biden’s fundraising haul would surpass the GOP field several times over. Although there is no direct comparison to the Republican candidates’ fundraising efforts, Biden’s early focus on accumulating funds for the general election fight has positioned him favorably.
A Clear Path Ahead
While Biden’s campaign has been steadily building its financial resources throughout the year, concerns have been raised about the lack of infrastructure in battleground states. However, the campaign assures that it is now taking the necessary steps to expand state by state, with leadership now in place in the early-voting states on the Democratic primary calendar.
The success of Biden and the Democratic Party in raising an extraordinary $97 million in the final quarter of 2023 has set the stage for an exciting election year. With a formidable war chest at their disposal and a passionate grassroots support base, the Biden-Harris coalition is ready to face the challenges that lie ahead. To learn more about this remarkable fundraising achievement, visit F5mag.com.