President Donald Trump has rapidly been amassing tens of millions of dollars to finance his 2020 election campaign, even though he has been president of the United States for less than 100 days. In the first three months of 2017, one of the three committees raising money for the effort, Donald J. Trump for President Inc., has already raised $7.1 million.
CNN reported that, according to reports filed Friday with the Federal Election Commission (FEC), one of the other Donald Trump campaign committees, the Trump Make America Great Again Committee, raked in over “$9.8 million in total receipts” by the end of the first three months of 2017. The third Trump campaign committee, Trump Victory, “received about $67,000 total,” by the end of the first quarter of 2017.
The Republican National Committee (RNC) has also been raising campaign money for other Republicans. The RNC reportedly enriched its campaign effort warchest by over “$29.3 million in the first two months,” of the quarter. March’s data was not available.
Small donations have made up much of the money Donald Trump’s three campaign committees have raised so far, though there have already also been $6.3 million in related expenses that the money has been used to cover during the first three months of the year. According to Politico, some of the funds raised have gone to paying a relatively large staff. The staff is made up of approximately 20 employees.
The expenses included paying out over $70,000 to Michael Glassner. He is the manager of the campaign committee and he was the deputy campaign manager for Donald Trump. Also, over $40,000 went to Vice President Mike Pence’s nephew, John Pence, who is the deputy executive director of the campaign committee to reelect Trump.
Over $28,000 of Donald Trump’s 2020 campaign funds that have already been raised have been paid “to Bannon Strategic Advisors.” That company is Steve Bannon’s consulting firm. The money was spent for what has been labeled “administrative assistance.”
A portion of the money raised also has gone to some of Trump’s properties. Just during the first three months of 2017, almost $200,000 has been paid “for rent at Trump Tower in New York City.” In Las Vegas, another $14,000 was spent for catering and rental services at Trump International Hotel. Over $8,700 was paid out in New York City, to Trump Restaurants LLC. That covered expenses “for rental and catering services” there. In Washington, D.C., over $3,600 was doled out “for lodging at Trump International Hotel.”
Much of the money raised by the three Trump campaign committees was raised specifically for the 2020 primary rather than for the 2020 general election. That is because President Trump must succeed in first winning the primary before he focuses on winning the general election.
Politico reported that almost 80 percent of the money that has been raised by Donald Trump’s three reelection campaigns “came from small donors.” According to FEC reports for the three Trump campaign committees, it appears that a large portion of their fundraising bounty was made through selling Trump branded merchandise around the time of his inauguration and early on in Trump’s presidency.
The small donors who donated money to the three Donald Trump campaign committees each “gave less than $200 in response to email solicitations.” Campaign committee officials stated that over “250,000 new contributors have given online” so far in 2017. The campaign funds have gone “to Trump’s campaign committee or the RNC.”
However, according to Politico, the three campaign committees also had expenditures of over “$4.7 million on hats, t-shirts, mugs and stickers.” Another big expense was “spending at least $2.7 million on data, telemarketing and other fundraising activities.” That expense was necessary to enable the campaign committees to maintain “a small-donor base.” With all of the expenses that have been paid out by the three campaign committees, they “finished March with nearly $16 million in the bank.”
President Donald Trump’s fundraising efforts have already succeeded in raising tens of millions of dollars slated to go for his 2020 presidential bid. Unlike previous presidents, Trump has not stopped raising money after his election, already looking towards the money he will need to finance his reelection campaign in 2020. Three campaign committees have already raised over $42 million in 2017 that will be earmarked for re-electing Trump in 2020.
By John Samuels
Photo Courtesy Twitter/POTUS