Democratic Fund-Raising: In a Packed Field, Five Candidates Stand Out



Contributions From Individual Donors


The bigger the circle, the more that candidate raised.


Five Democratic presidential candidates raised a combined $96 million from individual donors in the last three months — about three-quarters of the total fund-raising by the entire Democratic field, according to reports filed with the Federal Election Commission on Monday.

[See who led the money race in the first quarter of the year.]

We crunched the latest fund-raising numbers for the candidates, and the findings paint a picture of the diverging fortunes in the 2020 race. The numbers highlight the financial challenges that many of the lesser-known candidates are facing as they seek to keep their campaigns afloat.

Buttigieg raised more money from individual donors than any other Democrat.

Mayor Pete Buttigieg more than tripled his fund-raising from the first quarter, as did Senator Elizabeth Warren. Senators Bernie Sanders and Kamala Harris raised about the same as in the first quarter. Former Representative Beto O’Rourke took in a fraction of what he raised in the first 18 days of his campaign. And former Vice President Joseph R. Biden Jr. came in second to Mr. Buttigieg, who was virtually unknown only months ago.


Amount Raised From Individual Contributions (in millions)


1


Pete ButtigiegMayor of South Bend, Ind.

$24.9 $32.3
2


Joseph R. Biden Jr.Former vice president

22.0 22.0
3


Elizabeth WarrenSenator from Massachusetts

19.2 25.2
4


Bernie SandersSenator from Vermont

18.0 36.2
5


Kamala HarrisSenator from California

11.8 23.8
6


Cory BookerSenator from New Jersey

4.5 9.5
7


Amy KlobucharSenator from Minnesota

3.9 9.1
8


Beto O’RourkeFormer congressman from Texas

3.6 13.0
9


Jay InsleeGovernor of Washington State

3.0 5.3
10


Andrew YangBusinessman

2.8 5.2
11


Michael BennetSenator from Colorado

2.8 2.8
12


Julián CastroFormer housing secretary

2.8 4.1
13


Kirsten GillibrandSenator from New York

2.3 5.3
14


Steve BullockGovernor of Montana

2.1 2.1
15


Tulsi GabbardCongresswoman from Hawaii

1.6 3.5
16


Marianne WilliamsonSelf-help author

1.5 3.1
17


Seth MoultonCongressman from Massachusetts

1.2 1.2
18


John HickenlooperFormer governor of Colorado

1.1 3.2
19


Bill de BlasioMayor of New York City

1.1 1.1
20


Tim RyanCongressman from Ohio

0.9 0.9
21


John DelaneyFormer congressman from Maryland

0.3 2.0
22


Wayne MessamMayor of Miramar, Fla.



Joe SestakFormer congressman from Pennsylvania



Tom SteyerFormer hedge-fund executive

+ Show all candidates


Note: Second-quarter numbers are from April 1 to June 30. Cycle totals include all activity in the 2020 election cycle.

Sanders has the most cash in the bank.

Candidates with little cash are highly limited in their ability to build up a large campaign operation and deploy staff in early-voting states.


Cash on Hand (in millions)


1


Bernie SandersSenator from Vermont

$27.3
2


Pete ButtigiegMayor of South Bend, Ind.

22.7
3


Elizabeth WarrenSenator from Massachusetts

19.8
4


Kamala HarrisSenator from California

13.3
5


Joseph R. Biden Jr.Former vice president

10.9
6


Kirsten GillibrandSenator from New York

8.2
7


John DelaneyFormer congressman from Maryland

7.4
8


Amy KlobucharSenator from Minnesota

6.7
9


Cory BookerSenator from New Jersey

5.4
10


Beto O’RourkeFormer congressman from Texas

5.2
11


Tulsi GabbardCongresswoman from Hawaii

2.4
12


Michael BennetSenator from Colorado

2.2
13


Steve BullockGovernor of Montana

1.5
14


Jay InsleeGovernor of Washington State

1.2
15


Julián CastroFormer housing secretary

1.1
16


Andrew YangBusinessman

0.8
17


John HickenlooperFormer governor of Colorado

0.8
18


Bill de BlasioMayor of New York City

0.7
19


Seth MoultonCongressman from Massachusetts

0.7
20


Marianne WilliamsonSelf-help author

0.5
21


Tim RyanCongressman from Ohio

0.3
22


Wayne MessamMayor of Miramar, Fla.



Joe SestakFormer congressman from Pennsylvania



Tom SteyerFormer hedge-fund executive

+ Show all candidates


Note: Figures are as of June 30.

Several lower-tier candidates raised most of their money from small donors.

Democrats are eager to attract online donations from ordinary people chipping in small amounts of money, and a flood of small donations offers evidence that a candidate is generating excitement among voters. Unlike other leading candidates, Mr. Sanders and Ms. Warren are not holding high-dollar fund-raisers, putting their financial fates in the hands of online donors.


Percentage of Money From Donors Giving $200 or Less


1


Julián CastroFormer housing secretary

74.3%
2


Marianne WilliamsonSelf-help author

70.5%
3


Bernie SandersSenator from Vermont

69.6%
69.6%
5


Tulsi GabbardCongresswoman from Hawaii

69.0%
6


Elizabeth WarrenSenator from Massachusetts

66.5%
7


Jay InsleeGovernor of Washington State

53.3%
8


Kamala HarrisSenator from California

45.2%
9


Beto O’RourkeFormer congressman from Texas

44.4%
10


Pete ButtigiegMayor of South Bend, Ind.

43.9%
11


Kirsten GillibrandSenator from New York

38.3%
12


Joseph R. Biden Jr.Former vice president

37.9%
13


Amy KlobucharSenator from Minnesota

36.0%
14


Wayne MessamMayor of Miramar, Fla.

32.5%
15


Tim RyanCongressman from Ohio

29.7%
16


Cory BookerSenator from New Jersey

27.0%
17


John DelaneyFormer congressman from Maryland

25.2%
18


Seth MoultonCongressman from Massachusetts

23.9%
19


Michael BennetSenator from Colorado

23.9%
20


John HickenlooperFormer governor of Colorado

22.9%
21


Steve BullockGovernor of Montana

22.4%
22


Bill de BlasioMayor of New York City

9.1%


Joe SestakFormer congressman from Pennsylvania

%


Tom SteyerFormer hedge-fund executive

%
+ Show all candidates


Note: Numbers are for April 1 to June 30.

The five candidates who raised the most also spent the most.

The divide between the well-funded candidates and the rest of the field is particularly clear when it comes to spending money. Mr. Sanders and Mr. Biden led the way in the second quarter. Mr. Buttigieg increased his spending more than tenfold from the first quarter but still did not top $10 million.


Amount Spent (in millions)


1


Bernie SandersSenator from Vermont

$14.1 $19.1
2


Joseph R. Biden Jr.Former vice president

11.1 11.1
3


Elizabeth WarrenSenator from Massachusetts

10.6 15.9
4


Pete ButtigiegMayor of South Bend, Ind.

8.8 9.7
5


Kamala HarrisSenator from California

7.5 11.8
6


Cory BookerSenator from New Jersey

5.3 7.1
7


Beto O’RourkeFormer congressman from Texas

5.3 7.8
8


Kirsten GillibrandSenator from New York

4.2 6.7
9


Amy KlobucharSenator from Minnesota

4.1 6.0
10


Jay InsleeGovernor of Washington State

3.3 4.1
11


Andrew YangBusinessman

3.1 4.4
12


Julián CastroFormer housing secretary

2.3 3.0
13


John DelaneyFormer congressman from Maryland

2.2 9.9
14


Tulsi GabbardCongresswoman from Hawaii

1.9 3.1
15


John HickenlooperFormer governor of Colorado

1.7 2.3
16


Marianne WilliamsonSelf-help author

1.5 2.5
17


Michael BennetSenator from Colorado

1.3 1.3
18


Seth MoultonCongressman from Massachusetts

1.2 1.2
19


Steve BullockGovernor of Montana

0.6 0.6
20


Tim RyanCongressman from Ohio

0.6 0.6
21


Bill de BlasioMayor of New York City

0.4 0.4
22


Wayne MessamMayor of Miramar, Fla.



Joe SestakFormer congressman from Pennsylvania



Tom SteyerFormer hedge-fund executive

+ Show all candidates


Many Democrats spent more than they took in.

The first contest of the primary race, the Iowa caucuses, is still more than six months away, so the campaigns need cash to sustain themselves for the long haul. A campaign’s burn rate shows how much it spent relative to its fund-raising.

Former Representative John Delaney spent far more than he raised, but he is largely financing his campaign with his own money. Among the candidates who raised more than $10 million in the second quarter, Mr. Buttigieg had the lowest burn rate.


Burn Rate


1


John DelaneyFormer congressman from Maryland

756.2%
2


Kirsten GillibrandSenator from New York

184.7%
3


Beto O’RourkeFormer congressman from Texas

142.5%
4


John HickenlooperFormer governor of Colorado

141.8%
5


Wayne MessamMayor of Miramar, Fla.

121.2%
6


Tulsi GabbardCongresswoman from Hawaii

121.0%
7


Cory BookerSenator from New Jersey

117.6%
109.7%
9


Jay InsleeGovernor of Washington State

106.7%
10


Amy KlobucharSenator from Minnesota

106.3%
11


Marianne WilliamsonSelf-help author

98.4%
12


Seth MoultonCongressman from Massachusetts

97.2%
13


Julián CastroFormer housing secretary

83.0%
14


Bernie SandersSenator from Vermont

77.1%
15


Kamala HarrisSenator from California

63.1%
16


Tim RyanCongressman from Ohio

62.6%
17


Elizabeth WarrenSenator from Massachusetts

55.0%
18


Joseph R. Biden Jr.Former vice president

48.3%
19


Michael BennetSenator from Colorado

46.8%
20


Pete ButtigiegMayor of South Bend, Ind.

34.3%
21


Bill de BlasioMayor of New York City

33.0%
22


Steve BullockGovernor of Montana

27.6%


Joe SestakFormer congressman from Pennsylvania

%


Tom SteyerFormer hedge-fund executive

%
+ Show all candidates


Note: The burn rate shown is a candidate’s spending in the second quarter relative to individual contributions he or she received. Contribution refunds are excluded from the spending figures. The burn rate is greater than 100 percent if a candidate spent more than he or she raised.

Trump has more than twice as much cash as the best-funded Democrats.

President Trump has a big head start on the Democratic field in raising money for the 2020 election. He ended the second quarter with far more cash on hand than even the best-funded Democratic candidate.


Cash on Hand for Trump and Top Three Democrats (in millions)


$56.7


Bernie SandersSenator from Vermont

27.3


Pete ButtigiegMayor of South Bend, Ind.

22.7


Elizabeth WarrenSenator from Massachusetts

19.8


Note: Figures are as of June 30.

Here’s a full look at how the Democratic candidates compare.


Individual Contributions, Total Spent and Cash on Hand (in millions)


1


Pete ButtigiegMayor of South Bend, Ind.

$24.9 $8.8 $22.7
2


Joseph R. Biden Jr.Former vice president

22.0 11.1 10.9
3


Elizabeth WarrenSenator from Massachusetts

19.2 10.6 19.8
4


Bernie SandersSenator from Vermont

18.0 14.1 27.3
5


Kamala HarrisSenator from California

11.8 7.5 13.3
6


Cory BookerSenator from New Jersey

4.5 5.3 5.4
7


Amy KlobucharSenator from Minnesota

3.9 4.1 6.7
8


Beto O’RourkeFormer congressman from Texas

3.6 5.3 5.2
9


Jay InsleeGovernor of Washington State

3.0 3.3 1.2
10


Andrew YangBusinessman

2.8 3.1 0.8
11


Michael BennetSenator from Colorado

2.8 1.3 2.2
12


Julián CastroFormer housing secretary

2.8 2.3 1.1
13


Kirsten GillibrandSenator from New York

2.3 4.2 8.2
14


Steve BullockGovernor of Montana

2.1 0.6 1.5
15


Tulsi GabbardCongresswoman from Hawaii

1.6 1.9 2.4
16


Marianne WilliamsonSelf-help author

1.5 1.5 0.5
17


Seth MoultonCongressman from Massachusetts

1.2 1.2 0.7
18


John HickenlooperFormer governor of Colorado

1.1 1.7 0.8
19


Bill de BlasioMayor of New York City

1.1 0.4 0.7
20


Tim RyanCongressman from Ohio

0.9 0.6 0.3
21


John DelaneyFormer congressman from Maryland

0.3 2.2 7.4
22


Wayne MessamMayor of Miramar, Fla.



Joe SestakFormer congressman from Pennsylvania



Tom SteyerFormer hedge-fund executive


Note: Cash on hand is the total amount of money the campaign had available on June 30. Individual contribution and spending data are from April 1 to June 30.

Source

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