Trump’s fundraising rose in September but is $88 million behind his 2020 haul

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Former President Donald Trump, the Republican National Committee, and other affiliated committees raised over $160 million in September, a $30 million increase from August.

The overwhelming majority of donations, 96%, were from those giving $200 or less, with an average donation of $60, according to the Trump campaign. It now has $283 million cash on hand with under five weeks until Election Day.

“President Trump continues to inspire millions of everyday Americans to join his America First movement and help fuel the campaign with their hard-earned money,” Trump campaign senior adviser Brian Hughes said in a statement.

“These supporters have allowed us to bank the funds we need as we move into the campaign’s final weeks,” he continued. “Our momentum continues to grow from supporters and donors across the country as we enter the homestretch toward victory.”

Trump’s August fundraising numbers reflected the first full month of giving after the assassination attempt on him on July 13 in Butler, Pennsylvania, where a bloodied Trump yelled, “Fight, fight, fight!” after he was grazed by a bullet, inspiring the GOP base. The September figures partially account for giving after a second attempt on Trump’s life when he was playing golf on Sept. 15 in Florida.

The campaign recently held private fundraising stops in Houston and Midland, Texas. However, there are some warning signs for the campaign: Four years ago, the Trump campaign raised almost $248 million in September 2020.

Vice President Kamala Harris’s campaign has not released its fundraising figures for September, but in August, the campaign and affiliated committees raised $361 million, nearly three times as much as Trump’s campaign fundraising figures.

Since replacing President Joe Biden as the Democratic nominee in late July, Harris has consistently outraised the GOP and has even sent money to downballot campaigns.

In early September, Harris’s campaign and the Democratic National Committee transferred almost $25 million to fellow Democrats, with $10 million each going to the Democratic Congressional Campaign Committee and the Democratic Senatorial Campaign Committee.

Another $2.5 million was sent to the Democratic Legislative Campaign Committee and $1 million each was sent to the Democratic Governors Association and the Democratic Attorneys General Association.

On Thursday, the House Majority PAC and its affiliated organization, House Majority Forward, announced they raised a combined $150 million in the third quarter of 2024 and have raised a combined $314 million in all of 2024, marking a fundraising record for House outside groups.

Downballot Republicans have struggled to match the Democratic advantage, and just recently, the National Republican Senatorial Committee canceled its remaining independent expenditure advertising buys in support of Sam Brown’s Senate run in Nevada to focus on “hybrid” ads, Politico reported.

The hybrid ads, which are cheaper than the independent expenditure rates, come with stipulations that they must focus on a national issue or party in addition to a Senate or House race.

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With time running out before the election, congressional Republicans have warned that the GOP could lose winnable races if the fundraising gap isn’t addressed. In the year since the historic ouster of Kevin McCarthy as House speaker, GOP fundraising has taken a hit.

“I think the chaos in the House does have an impact largely in terms of contributing to the brand of Republican chaos, connecting that to January 6 and all these other figures,” Cook Political Report House analyst Erin Covey said. “But I do think that behind the scenes, it has hurt Republican fundraising.”

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