Major donors step in to support Trump’s fundraising efforts, according to official federal records

Former President Donald Trump‘s fundraising efforts picked up steam in the first three months of 2024 as GOP megadonors assisted his third bid for the White House.

Trump and the Republican National Committee had already announced they raised $65.6 million in March and ended the month with $93.1 million cash on hand.

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New filings with the Federal Election Commission showed Trump 47 Committee, a new joint fundraising committee with the RNC, raised $23.6 million, with more than a dozen donors giving at least $800,000.

It is the latest sign that Republican donors are coalescing around Trump after he vanquished his GOP primary rivals and became the presumptive nominee last month.

Among those big-dollar donors who maxed out contributions include former Georgia Sen. Kelly Loeffler, who recently cohosted a fundraiser for Trump in Atlanta; hedge fund billionaire Robert Mercer; billionaire John Paulson; and Robert Bigelow, a Las Vegas real estate mogul.

Paulson recently hosted a fundraiser for Trump in Florida that raised roughly $50.5 million, nearly double the $26 million Biden raised during a New York City fundraiser with former Presidents Bill Clinton and Barack Obama.

Donors were only allowed to give $6,600 to Trump via the joint fundraising committee, but the Trump 47 Committee transferred $10.3 million to the RNC.

Trump 47 Committee is also able to send funds to Save America, a leadership PAC that has helped pay the former president’s legal fees, including spending more than $50 million last year. But fillings did not show any transfers in the first months of the year.

Right for America, another Trump super PAC, raised $13 million in the first quarter. Top donors to the committee include billionaire Ike and Laura Perlmutter, who donated $10.1 million.

Trump’s Save America joint fundraising committee, the main fundraising vehicle for the former president, also raised a little over $65 million in the first three months of 2024.

Before the first quarter, the Trump campaign relied on small donors to boost its coffers as the presumptive GOP presidential nominee trails President Joe Biden’s financial advantage.

Biden’s main joint fundraising committee with the Democratic Party, the Biden Victory Fund, raised $121.3 million in the first quarter.

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Biden and the Democratic National Committee raised more than $90 million in March and finished the month with $192 million cash on hand, double Trump and the RNC’s coffers.

Trump and the RNC have until Saturday to file their reports, giving a more complete picture of their fundraising in 2024.