The Trump campaign and the Republican National Committee reported raising $65.6 million in March, bringing their cash on hand to $93.1 million. This marks an improvement from the previous month, exceeding the $63 million raised in March 2020 during the onset of the Covid-19 pandemic. However, they still have a significant gap to close with the Biden campaign and the Democratic National Committee, who reported more than $155 million in cash on hand at the end of February. Full details on fundraising and spending will be released later this month.
RNC Chairman Michael Whatley praised President Trump’s fundraising prowess, stating that the RNC and Trump campaign are working together towards victory in the upcoming election. The funds raised will be used to get out the vote and protect the ballot. Trump’s ongoing legal troubles have strained his resources, with Save America, his leadership PAC used for legal expenses, spending over $72.5 million on legal costs since January 1, 2021. Expenses are expected to increase as trial dates approach.
A joint fundraising agreement signed by Trump with the RNC and state parties directs donor money to his campaign committee and then to his leadership PAC, Save America, before the national party receives its share. This arrangement increases the likelihood of donor funds being used to cover Trump’s legal expenses. Trump has been courting big donors at his Mar-a-Lago club and is set to headline a major fundraiser in Palm Beach, Florida where attendees will pay up to $814,600 per person. The event benefits the Trump 47 Committee, a joint fundraising operation.
The Trump campaign aims to raise $33 million at the upcoming fundraiser, surpassing the $26 million raised by President Biden in a recent event featuring former Presidents Obama and Clinton. Trump’s fundraising efforts are a key focus as he prepares for the upcoming election, seeking to close the financial gap with the Democrats. The continued support of donors will be crucial in ensuring the campaign’s success in the upcoming election, despite the challenges posed by Trump’s legal expenses and ongoing fundraising efforts.
