Just a day after President Joe Biden announced he would not run for re-election, Democrats raised $100 million from supporters through their primary fundraising platform.
ActBlue, a political action committee that facilitates donations for Democratic organizations, reported this funding milestone over the course of two days, based on a tracker managed by Ryan Murphy from The Marshall Project. Although this figure is not officially documented, it offers insight into the group’s fundraising performance ahead of forthcoming official disclosures.
On Sunday alone, contributions surged, totaling $66.9 million for the launch of Vice President Kamala Harris’s presidential campaign. This marked the highest single-day fundraising total for ActBlue in the ongoing election cycle. The previous record for one of the best fundraising days occurred on September 30, 2020, during a debate between Biden and Trump, according to the tracker.
As a result of this fundraising surge, ActBlue has now amassed $14 billion since its inception two decades ago. In contrast, WinRed, the Republican fundraising platform launched in late 2019, has raised approximately $4.3 billion to date.
“We’ve seen so many people sharing that they made their first-ever donation in the last 24 hours!” ActBlue stated on X, formerly Twitter, on Monday afternoon. “It’s incredibly motivating to see new small-dollar donors join the grassroots movement!”
Future Forward, a super PAC aligned with Biden, received $150 million in commitments from major donors within 24 hours following Biden’s announcement and support for Harris. Additionally, Swing Left, which established a fund for the eventual Democratic nominee, reported raising over $160,000 in the same timeframe.
Roger Altman, founder of Evercore, expressed on Monday that Harris’s campaign will be “very well financed” and confirmed his support for her. Notable Democratic donors, including George and Alex Soros, have also endorsed Harris.
Previously, Biden raised funds significantly after losing a debate to Trump on June 27, where his campaigns generated approximately $28 million in the immediate aftermath. Following Trump’s receipt of 34 felony counts, Biden raised $19.2 million in the days that followed. Conversely, Trump’s campaign and its affiliated groups raised $69 million from the day of his conviction, briefly crashing his campaign website. An associated super PAC, Make America Great Again Inc., secured $70 million that month.
From April to June, pro-Biden groups brought in $332.4 million, while pro-Trump groups gathered $431.2 million, according to reports. By late June, Biden had $281 million available compared to Trump’s $336.2 million.