Biden announces record-breaking August fundraising haul of $364.5 million

Biden announces record-breaking August fundraising haul of $364.5 million

Democratic presidential candidate Joe Biden’s campaign said it raised $364.5 million in August along with the national party and affiliated fundraising committees, a record-breaking monthly fundraising haul.

More than $205 million of the August amount came through online donations, the campaign said, a massive monthly sum for any political campaign or group. The campaign drew 1.5 million new donors in August, totaling more than 4 million individual donors, officials said.

The eye-popping monthly haul underscores the momentum the campaign generated with Biden’s announcement of the vice-presidential candidate and the Democratic National Convention last month. Sen. Kamala D. Harris (D-Calif.), the vice-presidential nominee, is a prolific fundraiser whose nomination generated a flurry of donations from her extensive donor network.

The previous presidential fundraising record was $202.5 million in September 2008 by the Obama campaign, the national party and an affiliated committee, according to an analysis by the nonpartisan research group Campaign Finance Institute. (That amount equates to roughly $244 million in 2020, adjusted for inflation.)