{"id":14086,"date":"2024-01-15T13:58:57","date_gmt":"2024-01-15T13:58:57","guid":{"rendered":"https:\/\/shareperformanceinsight.com\/index.php\/2024\/01\/15\/biden-campaign-reports-97m-in-q4-of-2023-touts-historic-117m-cash-on-hand-on-day-of-iowa-caucuses\/"},"modified":"2024-01-15T13:58:57","modified_gmt":"2024-01-15T13:58:57","slug":"biden-campaign-reports-97m-in-q4-of-2023-touts-historic-117m-cash-on-hand-on-day-of-iowa-caucuses","status":"publish","type":"post","link":"https:\/\/shareperformanceinsight.com\/index.php\/2024\/01\/15\/biden-campaign-reports-97m-in-q4-of-2023-touts-historic-117m-cash-on-hand-on-day-of-iowa-caucuses\/","title":{"rendered":"Biden campaign reports $97M in Q4 of 2023, touts \u2018historic\u2019 $117M cash-on-hand on day of Iowa caucuses"},"content":{"rendered":"
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The Biden campaign raised more than $97 million in the fourth quarter of 2023, and has $117 million cash-on-hand \u2014 the \u2018highest total of any Democratic candidate in history\u2019 at this point in a presidential election cycle.<\/p>\n

The campaign announced Monday that President Biden\u2019s re-election campaign is entering the 2024 presidential election year with \u2018historic resources,\u2019 and touted the campaign\u2019s grassroots efforts.<\/p>\n

\u2018This historic haul\u2014proudly powered by strong and growing grassroots enthusiasm\u2014sends a clear message: the Team Biden-Harris coalition knows the stakes of this election and is ready to win this November,\u2019 Biden campaign manager Julie Chavez Rodriguez said. \u2018Across our coalition, we are seeing early, sustained support that is helping us scale our growing operation across the country and take our message to the communities that will determine this election.\u2019<\/p>\n

She added: \u2018Our democracy and hard-fought basic rights and freedoms are on the line in 2024, and these numbers prove that the American people know the stakes and are taking action early to help defeat the extreme MAGA Republican agenda again.\u2019<\/p>\n

The campaign out-raised its Q3 numbers. In October, the campaign announced it raised approximately $71 million in the third quarter of 2023.\u00a0<\/p>\n

The campaign said it has successfully grown its cash on hand for the last three quarters \u2013 starting at $77 million in Q2, to $91 million in Q3, and now $117 million at the end of Q4.<\/p>\n

\u2018While most of the Republicans have not yet announced their fundraising numbers, we fully expect to lap them\u2026Several times.\u2019 Biden Senior Advisor for Communications TJ Ducklo said.<\/p>\n

The Biden campaign, in December, had its strongest grassroots fundraising month, breaking its previous record from November. The campaign said nearly 1 million supporters have made more than 2.3 million contributions.<\/p>\n

The campaign reported that 97% of its donations in Q4 were under $200, with the campaign seeing an average grassroots contribution of $41.88.<\/p>\n

Reflecting on its fundraising history, the campaign said its \u2018Cup of Joe\u2019 contest to meet with Biden and Vice President Harris was the campaign\u2019s \u2018most successful contest to date, raising over $3 million.\u2019<\/p>\n

The campaign has also held 110 fundraisers since President Biden announced his re-election campaign \u2014including 39 in the last quarter of 2023.<\/p>\n

In December, Biden raised more than $15 million during a fundraising blitz.\u00a0<\/p>\n

First, the president attended a fundraising event in Boston, Massachusetts, which featured a concert by singer-songwriter James Taylor. Front-row tickets sold for $7,500 per seat.<\/p>\n

Then, he traveled to Los Angeles for a Hollywood fundraiser hosted by Steven Spielberg, Shona Rhimes, CEO of Paramount Pictures Jim Gianopulos, actor and filmmaker Rob Reiner, and others. Top tickets for that event were said to be $930,000 each.\u00a0<\/p>\n

But the campaign said the numbers tell a story \u2014 and reflect efforts across not just the Biden re-election campaign, but the Democratic National Committee and its joint-fundraising committees.<\/p>\n

The campaign said one-third of its donors are new donors since the 2020 campaign.<\/p>\n

\u2018As Republicans burn through millions of dollars in their race to out-MAGA each other, grassroots supporters across the country are pitching in to reelect Joe Biden and Kamala Harris and stop MAGA extremism in its tracks,\u2019 DNC Chair Jaime Harrison said. \u2018This historic haul\u2014powered by grassroots donors\u2014makes it clear that voters understand the stakes of this election and they\u2019re ready to stand up and fight for our democracy and freedoms.\u2019<\/p>\n

Harrison said the Biden campaign and the DNC are working \u2018as one team with a single mission.\u2019<\/p>\n

That mission is \u2018to build a winning campaign that has the resources to send Joe Biden and Kamala Harris back to the White House, and elect Democrats up and down the ballot.\u2019\u00a0<\/p>\n

The campaign announced the numbers on the day of the Iowa caucuses \u2014 the first-in-the-nation presidential primary contests. With Joe Biden running unopposed in the Democratic primary, all eyes are on Republicans.<\/p>\n

Voters, for the first time, will choose between former President Trump, who is leading the GOP field by a massive margin; former South Carolina Gov. Nikki Haley, Florida Gov. Ron DeSantis and businessman Vivek Ramaswamy.<\/p>\n<\/div>\n

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