Snapshot of 2016 Candidates' 2Q Fundraising
All 2016 presidential candidates are required to file their initial second-quarter fundraising reports to the Federal Election Commission by Wednesday night. The disclosures will provide a glimpse into each campaign’s financial activity between April 1 and June 30. The 2016 election cycle is expected to smash fundraising records, with campaigns and independent committees expected to spend $5 billion this cycle.
In advance of Wednesday’s midnight reporting deadline, RealClearPolitics this week asked campaigns for estimates of their candidates’ fundraising totals to date, including donations and super PACS.
The rising influence of super PACs – political action committees that can raise unlimited sums to support a candidate or cause but are barred from coordinating directly with campaigns – has created a political environment in which support from outside groups is essential for clinching a party’s nomination and winning the general election. Super PACs must file their official totals by the end of the month; some already have released them.
During the primary contests, contributors are limited to donating no more than $2,700 to a campaign. Donors who gave more than $200 are listed in each candidate’s financial disclosures.
The list below is ordered based on party and the current standings in the RealClearPolitics national average.
The former Florida governor’s campaign announced last week a second-quarter fundraising total of $11.4 million. Since Bush didn't officially launch his campagin until mid-June, the sum covers just 16 days of the quarter, and indicates the campaign brought in an average of $710,000 per day during that span.
On the same day, Right to Rise, the super PAC supporting Bush, announced it had raised an unprecedented $103 million in the six months since it began to operate. That brings Bush’s total cash haul to around $114 million.
The fundraising has not come without scrutiny. Campaign finance watchdog groups have accused Bush of illegally using his super PAC to raise funds prior to officially launching his campaign. A Bush spokeswoman told RealClearPolitics that the former governor is “fully complying with the law” in all of his political activities and would continue to do so.
The real estate mogul and reality TV star filed his financial forms with the FEC on Wednesday, his campaign said. The documents show, according to a press release from Trump’s campaign, that his net worth exceeds $10 billion, making him the wealthiest person to ever run for president. Trump plans to fund his own campaign.
The Wisconsin governor declared his candidacy after the June 30 filing deadline.
The freshman Florida senator’s campaign raised $12 million in the second quarter, his campaign said. The average donation was $50, and donor support was strongest in his home state of Florida, which accounted for $2.2 million of the total. Rubio’s leadership PAC brought in $1.2 million. Among Rubio’s campaign and all outside groups backing him, supporters gave a total of almost $45 million.
Carson, a retired neurosurgeon and political outsider, raised more than $10 million this year – $8.3 million of that in the second quarter – mostly through small donations.
The former Arkansas governor and ex-Fox News host raised $2 million for his presidential campaign, while super PACs supporting Huckabee brought in an additional $6 million.
Kentucky Sen. Rand Paul, a favorite among libertarians, raked in $7 million from 108,205 donors who contributed an average of $65. Super PACs supporting Paul have not yet disclosed their financial records.
Texas Sen. Ted Cruz, a tea party favorite, raised $14.2 million since launching his campaign in late March, including $10 million in the second quarter, his campaign said. The average donation was $81 from 175,000 contributors. Four affiliated super PACs hauled an additional $37 million.
The New Jersey governor announced his presidential run on June 30; however, a super PAC supporting Christie said this week it raised $11 million since February. The super PAC, America Leads, reserved time for television advertisements in New Hampshire beginning July 20. America Leads will continue to advertise on behalf of Christie through the first-in-the-nation primary on Feb. 9.
The former Texas governor raised just over $1 million during the second quarter, while affiliated super PACs raised $16.8 million. The campaign’s fundraising number is a disappointment when compared to his 2012 operation’s haul of $17 million during his first quarter as a candidate.
According to his FEC disclosure, the former Pennsylvania senator raised a little more than $600,000 in the second quarter, but only has $232,000 cash on hand as of June 30. The campaign is also in debt to the tune of nearly $125,000.
The former Hewlett-Packard chief executive brought in $1.4 million to her campaign before June 30. A supporting super PAC raised an additional $3.4 million.
Louisiana Gov. Bobby Jindal raised about $579,000 between June 24 and June 30, an average of $96,000 per day. Eighty-seven percent of the 2,003 individual donors gave less than $100. Between a nonprofit, a super PAC, and a 527 group supporting Jindal, supporters gave an additional $8.6 million.
The South Carolina senator has not yet disclosed his financial information.
The former secretary of state and Democratic frontrunner has faced scrutiny in recent months over her use of a personal email account and server, as well as questionable donations to her family’s charitable foundation. But those controversies have affected neither her standing in the polls, nor her fundraising ability.
Clinton’s campaign said last week it raised $45 million since the former New York senator and first lady entered the race on April 12. That number surpasses President Obama’s quarterly fundraising record of $41.9 million in 2011. The campaign said it received contributions from more than 250,000 individuals in all 50 states, with 94 percent of donations for $250 or less. The campaign was also the first of the 2016 cycle to release the names of its so-called “bundlers” who helped raise $100,000 or more.
Between her campaign fundraising total and that of super PACs backing her candidacy, team Clinton brought in nearly $70 million.
The Vermont senator raised an impressive $15 million since he launched his campaign April 30. The campaign said 99 percent of the 400,000 donations from 250,000 individuals were for $250 or less.
Sanders, who is rising in the polls as he seeks to establish himself as a more progressive alternative to Clinton, refuses aid from super PACs – or so-called “dark money” – and does not run negative advertisements.
He is a fierce proponent of campaign finance reform, and views his relative financial disadvantage compared to Clinton will be seen by middle-class voters as a plus rather than a minus.
The former Virginia senator and Navy secretary entered the presidential contest after the June 30 filing deadline.
The former Maryland governor’s campaign announced on Wednesday it raised $2 million in the first 30 days. Donations came from all 50 states, senior strategist Bill Hyers said.
According FEC filings, the Republican-turned-independent-turned-Democrat raised a meager $30,000 during the second quarter. The former Rhode Island governor and senator is essentially funding his own campaign, giving more than $360,000 of his own money toward the effort