Harris Campaign Shatters Fundraising Records with $540M Haul

Vice President Kamala Harris's presidential campaign has raised an unprecedented $540 million since its launch, including $82 million during the Democratic National Convention. The record-breaking figures signal strong support for her candidacy.

August 25 2024, 10:05 AM  •  1162 views

Harris Campaign Shatters Fundraising Records with $540M Haul

Kamala Harris's presidential campaign has achieved a remarkable financial milestone, amassing $540 million in contributions since its inception last month. This unprecedented sum, as reported by campaign manager Jen O'Malley Dillon, sets a new record in campaign fundraising history.

The Democratic National Convention in Chicago, a city that has hosted the event more times than any other, proved to be a significant catalyst for the campaign's financial success. During the convention week, the campaign raised an impressive $82 million, with donations peaking after Harris's acceptance speech on August 22, 2024.

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Notably, a third of the week's contributions came from first-time donors, indicating Harris's ability to expand the Democratic donor base beyond that of her predecessor, Joe Biden. Women comprised two-thirds of these new contributors, highlighting Harris's strong appeal among female voters.

The campaign's success extends beyond fundraising. Nearly 200,000 volunteer shifts were filled during the convention week, marking the most significant organizing effort since the campaign's launch. This surge in grassroots support demonstrates the enthusiasm surrounding Harris's candidacy.

Following the convention, the campaign has launched a new advertisement across seven battleground states. Additionally, Harris and her running mate, Tim Walz, are set to embark on a bus tour in Georgia on August 28-29, 2024. This strategic move recognizes Georgia's growing importance as a key battleground state in recent elections.

The campaign's financial advantage is substantial when compared to their Republican counterparts. As of July 2024, Harris and her allied committees reported $377 million in cash on hand, surpassing the GOP's $327 million. This disparity is expected to widen further in August, potentially allowing for more extensive advertising and campaign operations in the crucial final months of the race.

O'Malley Dillon emphasized the campaign's efforts to reach across party lines, noting that the convention "supercharged our campaign's outreach to conservative and independent voters." This approach was evident in the inclusion of six Republican speakers at the Chicago event, held at the United Center, the largest arena by capacity in the United States.

The 2024 presidential race is on track to be one of the most expensive in U.S. history, following the trend set by the 2020 election, which saw total spending exceed $14 billion. As campaigns increasingly leverage both traditional media and digital platforms for outreach, the role of fundraising in shaping electoral outcomes remains crucial.

"The enthusiasm and energy at the United Center this week was palpable. But that enthusiasm extended well beyond Chicago, spreading far and wide throughout the battleground states that will decide this election."

Campaign manager Jen O'Malley Dillon stated:

As the first woman, first Black person, and first person of South Asian descent to be elected Vice President, Harris's historic candidacy continues to break new ground. Her campaign's record-setting fundraising performance suggests a strong foundation for the challenging months ahead in the race for the White House.