Even though defeated, President Trump continued to fundraise at one of the fastest rates of the year, raising $ 207.5 million in the month since Election Day with the Republican National Committee because he stoked unfounded fears of electoral fraud and made baseless claims to undermine the legitimacy of the election.
Mr. Trump’s campaign apparatus has continued to aggressively solicit donations under the guise of supporting his various legal challenges to the election of Joseph R. Biden Jr., but to date 75% of donations go to a new political action committee that Mr. Trump formed in mid-November and 25% in the Republican Party. It is only if a donor gives more than $ 6,000 that those funds go into Mr. Trump’s official “recount” account.
His campaign did not disclose the breakdown of the $ 207.5 million, with the funds being divided between the new PAC, paying off its election debts, the RNC and two committees jointly run by the party and the campaign.
“These huge fundraising figures show that President Trump remains the leader and the powerhouse of the Republican Party,” Bill Stepien, Mr. Trump’s campaign manager, said in a statement.
Mr Trump, who has not officially conceded the 2020 race but has started talking about running again in 2024, has repeatedly challenged the results in court with virtually no success.
In his statement, Mr. Stepien added that the money also “positions President Trump to continue to lead the fight to clean up our corrupt electoral process in many parts of the country and to build on the gains of the 2020 election. so we can get back on top. House and rely on our majority in the Senate in 2022. “
Thursday’s announcement came on the last filing deadline for the 2020 race with the Federal Election Commission, which covers the period October 15 to November 23. During that time, the RNC, Mr. Trump’s campaign and their joint committees raised $ 495 million, campaign officials said.
By early evening, only the RNC had filed its report, which showed it ended the period with $ 58.8 million in cash. While Mr. Trump disputed the results in multiple venues, the party spent more than $ 6 million on legal bills, including $ 1.4 million for law firm Jones Day, $ 1.3 million for King and Spalding and over $ 920,000 for Consovoy McCarthy.