Trump leans on small group of rich donors to fund campaign

Trump also had small-dollar donor support. Trump Save America raised $65.8 million in the first quarter, with $33.6 million of that coming from contributors who gave less than $200.

Still to be disclosed are the results of some big-dollar fundraisers. An event in Palm Beach, Florida, hosted by Paulson on April 6 generated $50.5 million for Trump, according to a statement from the billionaire. Four days later, Home Depot Inc. co-founder Bernie Marcus, former Georgia Senator Kelly Loeffler and her husband, New York Stock Exchange Chairman Jeffrey Sprecher, hosted an event in Atlanta for Trump’s presidential bid.

Joe Biden

—Biden and the Democratic Party raised $90 million in March and ended the month with $192 million on hand.

—Biden’s main allied super PAC, Future Forward PAC, had yet to file its quarterly report.

Biden’s reelection effort has amassed more than twice as much as Trump and the RNC have — a record amount for a Democratic nominee at this point in the election cycle.

His haul includes $26 million the campaign raised at an event last month in New York City that also featured former presidents Bill Clinton and Barack Obama. Small-dollar donors helped too. In March, the campaign broke the grassroots fundraising records it set for the fifth consecutive month.

Biden’s joint fundraising committees have yet to report detailed information on their donors to the FEC.

Democracy PAC

George Soros’ super PAC raised $60 million in the first quarter, all of it donated in January by a nonprofit founded and funded by the billionaire hedge fund manager. The super PAC distributed $21 million to super PACs, including $4 million donations to both the House Majority PAC and the Senate Majority PAC, which support congressional Democrats. It ended March with $39 million in the bank.

Senate Leadership Fund

The super PAC linked to Senate Minority Leader Mitch McConnell raised $27 million and ended the first quarter with $60 million cash on hand. Citadel’s Ken Griffin gave it $7.5 million, while energy industry companies and executives gave millions more. Occidental Petroleum Corp. gave $2 million, Chevron Corp. and Trevor Rees-Jones, the billionaire owner of Chief Oil & Gas LLC each gave $1 million, and the American Petroleum Institute gave $1.5 million. Venture capital firm Andreessen Horowitz gave $250,000.

Restoration PAC

Uline Inc. co-founder Richard Uihlein gave $2.4 million to his super PAC, while a political nonprofit he supports, Restoration of America, provided $731,000 of in-kind services including staff time, benefits and insurance. Restoration PAC, which spent $15.8 million attacking Biden in 2020, has yet to spend money to influence an election in 2024. It ended March with $3.6 million cash on hand.

American Patriots PAC

The super PAC, which supports House Republicans, raised $6.1 million in the first quarter, with $5 million coming from Griffin and $1 million from hedge fund manager Paul Singer. American Patriots ended March with $7.5 million cash on hand.