Trump raised $160 million in September, boosted by small donors
Small donations under $200 fueled a surge in revenue for the Republican campaign in the weeks leading up to the 2024 election.
Donald Trump greets supporters in Georgia
The Donald Trump campaign announced Wednesday that it had raised $160 million in September, bringing its cash on hand to $283 million with five weeks remaining before the election.
Ninety-six percent of these donations belonged to small donors, meaning those who gave less than $200. The average donation was $60. "These supporters have allowed us to bank the funds we need as we move into the campaign’s final weeks," said Brian Hughes, senior advisor to the campaign.
Hughes said that the campaign's "momentum" continues to grow, with Trump surpassing month-over-month fundraising from the previous period. "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."
Kamala Harris' campaign, leading in revenue and spending
Harris' September fundraising figures are unknown. However, she has been outraising the former president since she clinched the Democratic nomination. In August, the vice president received nearly four times more donations.
Consequently, Democrats are also spending more than Republicans as both campaigns focus their efforts in key states and strategic voter groups, such as the Hispanic community. In August, the last month with data released by the Federal Election Commission (FEC), Harris invested $174 million versus Trump's $61 million.
According to a Bloomberg analysis, the former president spent more than he raised in September. It is worth noting that these latest figures do not include super PAC spending where Trump is expected to bring in millions.
Last month, Elon Musk endorsed Donald Trump. However, Harris appears to be the favorite of tech employees and executives, according to a report on donations from those working at Google and Microsoft. The report also revealed the preferences of employees from several companies. Employees at American Airlines, Walmart, Boeing and Lockheed Martin tend to vote Republican while Brown & Brown, Johnson & Johnson, Apple and Oracle generally prefer the Democratic Party.
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