Over a third of the funds were gathered within 24 hours of the guilty verdict against former President Donald Trump.
May marked the most successful fundraising month for the Trump campaign and the Republican National Committee.
On June 3, it was announced that the Trump campaign and the Republican National Committee had raised $141 million in May. More than a third of that amount was raised online within a day after a New York jury convicted former President Donald Trump on multiple felony charges.
The campaign disclosed that over 2 million donations were received during the month, with a quarter of those donors making their first contribution of 2024 to the Trump campaign in May.
In a joint statement, RNC Chairman Michael Whatley and co-Chair Lara Trump criticized the New York trial and other legal battles faced by the former president as an attempt to prevent him from connecting with voters.
They expressed confidence that the fundraising success indicated a strong position for Republicans to oust President Joe Biden and re-elect President Trump in November.
Furthermore, it was revealed that “organizations supporting President Trump” raised an additional $150 million in May, although the specific organizations responsible for the fundraising were not immediately disclosed.
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Verification of the fundraising claims is pending until the release of President Trump’s principal campaign committee, Donald J. Trump for President 2024, Inc., and the RNC’s May disclosures at the end of June. The Federal Election Commission’s deadline for monthly financial statements is June 20.
The most recent reports from both committees were issued on May 20.
As of the latest filings, Trump For President 2024 reported raising approximately $9.4 million in April with around $49.1 million in cash on hand, while the RNC stated it raised about $32 million in April and ended the month with approximately $39 million in cash on hand.
On the other hand, the Democratic National Committee and the Biden campaign have not yet released their May fundraising figures.
When Biden For President announced its fundraising on May 20, it reported raising $51 million in April and having access to $192 million in cash on hand. The relationship between the committee’s fundraising and the Democratic National Committee’s finances in April was not explicitly defined.
If the Trump campaign and its allies did indeed raise nearly $300 million in May, it could significantly narrow the financial gap between President Biden and President Trump.
Both candidates’ complete campaign finances were not fully revealed by May 20, as several committees, including well-funded joint fundraising committees supporting both candidates, did not report and are scheduled to disclose their financial statements on July 15.
Based on the available information from the May filings, the Biden campaign appeared to have a substantial cash advantage over the Trump campaign at the end of April.
In a statement released on May 30, Michael Tyler, the Biden campaign’s communications director, emphasized that a legal verdict against President Trump would not prevent him from running for president.
Mr. Tyler reiterated that the ultimate decision lies with the American people at the ballot box to determine the country’s future leadership.
Both President Biden and President Trump are expected to officially secure their party nominations at their respective conventions, with the Republican National Convention scheduled for July 15-18 and the Democratic National Convention set for August 19-22.
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