RNC fundraising falters as coffers sink to $9.1 million going into election season, lowest amount since 2015
"The damage from that chair election goes far beyond the drop in donations. Our base was demoralized," said Virginia RNC member Patti Lyman.
Hannah Nightingale
Washington DC
Nov 27, 2023
Ahead of the 2024 election, the Republican National Committee has dropped to a low of $9.1 million in cash on hand, the lowest in any Federal Election Commission report since February of 2015 for the committee.
According to the Washington Post, at the same point during the 2016 election, the committee had around $20 million on hand, and four years ago when Trump was in office, this number was $61 million.
As of October 30, the Democratic National Committee reported having $17.7 million on hand, around double that of the RNC.
“It’s a revenue problem,” Tennessee RNC member Oscar Brock told the outlet. “We’re going through the same efforts we always go through to raise money: the same donor meetings, retreats, digital advertising, direct mail. But the return is much lower this year. If you know the answer, I’d love to know it. The staff has managed to tighten down on expenses to keep the party from going into the red.”
People familiar with the party’s finances said that donors haven’t made as many large checks to the committee in recent years, with the party’s small-dollar program also suffering.
Some donors said they weren’t giving to the committee because they think it’ll help Trump, while others said they were waiting until 2024 to donate, and others have become frustrated with the party’s leadership.
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https://thepostmillennial.com/rnc-fundraising-falters-as-coffers-sink-to-9-1-million-going-into-election-season-lowest-amount-since-2015?utm_campaign=64487