Just a day after President Joe Biden announced he would not seek re-election, the Democratic Party raised $100 million through ActBlue, its primary fundraising platform.
According to Ryan Murphy, a developer at The Marshall Project who tracks fundraising data, ActBlue raised this amount over the past two days. Although this total is not confirmed until official disclosures are made, it highlights the significant financial support the party is receiving just ahead of reporting deadlines.
On Sunday alone, contributors donated $66.9 million to support Vice President Kamala Harris’s presidential campaign, marking the largest single-day fundraising total in the 2024 election cycle for ActBlue. The second highest was noted on September 30, 2020, during the first presidential debate between Biden and Trump.
Following this fundraising surge, ActBlue reported it has raised a total of $14 billion since its inception two decades ago. In contrast, WinRed, its Republican counterpart, has raised approximately $4.3 billion since its launch in late 2019.
ActBlue, in a statement on X, formerly known as Twitter, noted the exciting trend of new donors, stating, “We’ve seen so many folks saying they made their first ever donation in the last 24 hours! It’s so motivating to see new small-dollar donors join the grassroots movement!”
Additionally, Future Forward, a super PAC aligned with Biden, secured $150 million in new commitments from major donors within 24 hours of his announcement and endorsement of Harris. Swing Left informed the Agence France-Presse that it raised over $160,000 in just 24 hours.
Roger Altman, founder of Evercore, expressed on Monday that Harris’s campaign would be “very well financed” and pledged his support. Notable Democratic donors George and Alex Soros are also backing her candidacy.
Biden’s previous successful fundraising efforts included raising approximately $28 million in the wake of a contentious debate with Trump on June 27. Following Trump’s conviction on 34 felony counts, Biden raised $19.2 million, while Trump and his affiliates garnered $69 million in the days surrounding the same event, which caused a temporary crash of his campaign website. Additionally, the super PAC Make America Great Again Inc. raised $70 million in that month.
From April to June, pro-Biden groups collected $332.4 million, whereas pro-Trump groups raised $431.2 million, leaving Biden with $281 million on hand compared to Trump’s $336.2 million by the end of June.