(CTN News) – Thanks to a recent surge in support from individuals who contributed only a few modest dollars, Donald Trump’s campaign generated approximately $300 million during the month of May.
This was an exciting new development, as the campaign already had a significant presence among billionaires.
It is evident that the potent alliance is advantageous for all parties involved, given that President Trump is endeavoring to bridge a financing gap with Vice President Joe Biden in anticipation of a final campaign push this summer and autumn.
While the complete picture of each candidate’s performance in May is not yet accessible, it appears that Donald Trump’s incoming funds are primarily allocated to organizations that accommodate larger donors and those that appeal to smaller donors. This is occurring in spite of the fact that the full extent of each competitor’s performance in May is not yet known.
Donald Trump’s official campaign received a total of 141 million dollars, and the Republican National Committee, which is subject to a donation limit, also received a portion of this total expenditure.
“Donald Trump-supporting organizations,” such as SuperPACs, got the rest.
These organizations allow wealthy individuals to donate an unlimited amount to the organization.
The former president’s campaign is already referring to this month as the best month ever recorded for any campaign in the history of the world, despite the fact that additional information, such as the amount of money that Biden raised in May and the amount of money that Trump currently has in the bank, will be made public in the future days and weeks.
It is conceivable that the modest increase in contributions may reach a halt in June; however, it is widely expected that Donald Trump will continue to solicit substantial contributions from billionaires. The former president is scheduled to attend a fundraising event in California on Thursday, where he will be joined by internet titans.
David O. Sacks, a distinguished investor who has been a vocal supporter of Donald Trump in Silicon Valley, is one of the co-hosts of the event that is scheduled to take place this week. Silicon Valley is the location of the event.
In a recent podcast episode, he conveyed his optimism that the event scheduled for this week would “break the ice” and enable more influential entrepreneurs to donate freely. Additionally, he expressed his optimism that the event would result in a rise in the number of individuals who donate. He also stated that it “could really cascade on itself.”
On Thursday, the event will be co-hosted by Sacks and Chamath Palihapitiya, a venture capitalist. The occasion will transpire.
In order to participate in his own fundraising event, Vice President Joe Biden traveled to the town of Greenwich, which is situated in the state of Connecticut, on Monday evening. The event was sponsored by Richard Plepler, the former CEO of HBO.
Vice President Biden has accused President Donald Trump of “selling his presidency to the highest bidder” for the second time. Biden accused himself of this accusation.
What is the reason for their donation?
The campaign’s assertion that it raised $53 million online in the twenty-four hours following Donald Trump’s conviction on May 30 suggests that the conclusion of the hush money trial played a significant role in the rise in the number of modest contributions. This is due to the campaign’s assertion that it had successfully raised the specified amount.
WinRed, an online platform that facilitates the donation of funds to Republicans, experienced a brief malfunction. The program experienced a temporary disruption as a result of the high volume of donations that were received.
In a statement, Chris LaCivita and Susie Wiles, two of Trump’s most senior advisors, expressed their profound gratitude for the overwhelming support that President Donald J. Trump has received. Additionally, they asserted that the exorbitant volume of support “sent Biden and Democrats a powerful message.”
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