Vice President Kamala Harris’ campaign announced Friday morning a whopping $310 million in July fundraising, which it said was “the largest of the 2024 cycle.”
The presumptive Democratic presidential nominee has raised more than double the $138.7 million Donald Trump’s campaign announced Thursday that the former president raised last month.
Harris has seen a surge in fundraising in the 12 days since President Biden sensationally announced he was ending his re-election bid and endorsing the vice president to succeed him as Democratic leader.
The embattled president immediately endorsed Harris, triggering a flurry of endorsements for the vice president from Democratic governors, senators, House members and other party leaders. Within 36 hours, Harris announced that she had secured the party’s nomination with the vocal support of a majority of the nearly 4,000 delegates attending this month’s Democratic National Convention.
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Vice President Kamala Harris speaks during a campaign rally in Atlanta, Tuesday, July 30, 2024. (AP Photo/John Bazemore) (AP Photo/John Bazemore)
In announcing its July fundraising efforts, the Harris campaign highlighted that the vice president raised more than $200 million in his first week after taking over from Biden. They called it “the greatest week in fundraising history” and touted July as “the best grassroots fundraising month in presidential history.”
According to the Harris campaign, two-thirds of monthly donations come from first-time donors. They also emphasized that they had a massive $377 million in funding as of the end of July.
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The July fundraiser, which started as a Biden campaign event and quickly transitioned to a Harris campaign, was an increase from the healthy $127 million that the Biden-Harris campaign brought in in June. Nearly $40 million of that was received at the end of the month following Biden’s poor performance at the June 27 debate with Trump.
Donors initially poured money into Biden after the debate in a show of support for the 81-year-old president.
President Biden and former President Trump debate in Atlanta, Georgia on June 27, 2024. (Getty Images)
But Biden’s fitful, shaky debate also immediately raised questions about his physical and mental ability to serve another four years in the White House and fueled growing calls within his party for the president to end his reelection bid. The brief surge in fundraising didn’t last, and by early July, funding began to slow significantly.
Meanwhile, Trump’s July earnings increased by more than $25 million from the former president’s $112 million in June.
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The Trump campaign also reported $327 million in cash on hand as of the end of July, saying in a statement that “these numbers reflect continued momentum from donors at all levels and provide the final push before a victory on November 5.” 96 Days provides resources.
Hours later, Trump posted on social media about his fundraiser, saying: “The great American patriots have provided tremendous support to our campaign for President of the United States.”
Republican presidential candidate and former President Donald Trump dances at the end of a campaign rally on Saturday, July 27, 2024, in St. Cloud, Minnesota. Langdon) (AP Photo/Alex Brandon)
The Harris campaign has been watching a surge in their fundraising since the vice president replaced Biden as the top candidate in the race.
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Earlier last week, the Harris campaign claimed it had raised $81 million in 24 hours after Biden announced he was suspending his campaign.
In the first 24 hours after the former president was convicted of 34 felonies in a New York City criminal trial, Trump easily surpassed the nearly $53 million he earned two months ago.
Former President Trump appears at a rally at Van Andel Arena in Grand Rapids, Michigan, on July 20, 2024 (left). Vice President Harris addresses the NCAA championship team on the South Lawn of the White House in Washington, D.C. (right). (Left: Bill Pugliano/Getty Images, right: Ting Shen/Bloomberg via Getty Images)
Earlier this year, the Biden campaign and the Democratic National Committee led Trump and the RNC in fundraising. But in the second quarter of fundraising from April to June 2024, Trump and the Republican National Committee raised between $331 million and $264 million, surpassing Biden and the Democratic National Committee.
This fundraising and polling are key indicators in campaign politics and a gauge of a candidate’s popularity and campaign strength. Among other things, funds raised can be used to hire staff, expand grassroots advocacy and get-out-the-vote efforts, pay for the production and placement of ads on television, radio, digital and mail, as well as candidate travel expenses.
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