President Joe Biden’s political funding apparatus was reported to have $187.6 million in cash by the end of March, as per recent federal disclosures. This amount includes funds from various political committees registered with the Federal Election Commission, offering a detailed view of the president’s financial standing.
The breakdown of President Biden’s political funds consists of his main campaign committee, two joint fundraising committees, and an allied hybrid political action committee. These accounts collectively held over $187.6 million in cash at the end of March. Additionally, the Democratic National Committee (DNC) also contributed with about $45.2 million in funds.
Biden for President, the president’s committee, held the majority of the cash at $85.5 million. During the current election cycle, the committee has raised approximately $186.7 million and spent $133.6 million. In March 2024 alone, it raised $43.8 million and spent $29.2 million.
Support is also coming from a hybrid PAC known as FF PAC, which received significant donations from a non-profit organization called Future Forward USA Action. Future Forward PAC held around $41.5 million in cash at the end of March and received $20.4 million in donations in the first quarter of 2024.
The two joint fundraising committees, Biden Victory Fund and Biden Action Fund, contributed approximately $60.5 million to the Biden campaign at the end of March. These committees received $130.7 million in donations in the first quarter of 2024.
Notable megadonors supporting President Biden’s campaign include individuals like Reid Hoffman, who donated $6 million in March, and Fred Eychaner, who gave $3 million. Other contributors include Kenneth Duda, who donated $2 million, and Donald Sussman, who contributed $1 million.
Future Forward also received support from celebrities like Seth MacFarlane, who donated $1 million in March. Additionally, unions such as The United Association of Journeymen and Apprentices of the Plumbing and Pipefitting Industry of the United States and Canada, and The United Food and Commercial Workers International Union, among others, contributed a total of $4.1 million in the first three months of 2024. Please rewrite this sentence.
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