DNC Chair Tom Perez. | John Bazemore/AP Photo
The Democratic National Committee raised $12.8 million in February through its main account and a joint fundraising committee with state parties, according to numbers shared first with POLITICO.
The total shows an improvement for the DNC as the committee gears up for the high-stakes 2020 election. In 2019, the committee and the Democratic Grassroots Victory Fund, which can take in six-figure checks from donors and divide them between the DNC and numerous state parties, regularly raised less than $10 million per month. The DNC finished February with $14 million cash on hand, it said.
But the committee has a challenging road ahead: Democrats are slowly emerging from a long primary — and Joe Biden, the presumptive nominee, will need to quickly build a large campaign machine if he wants to catch up with President Donald Trump, who has had months to prepare his reelection effort.
Meanwhile, the Republican National Committee has been raking in money for years under Trump, and the DNC’s total is likely much less than the RNC’s February haul. Though the RNC hasn’t yet disclosed its individual fundraising total, it raised $27.1 million in January, and it said earlier this month that the RNC and Trump’s campaign raised a combined $86 million in February.
The coronavirus outbreak creates even greater fundraising challenges for the DNC and campaigns across the board. The committee recently shifted to “virtual fundraisers” to raise money from larger donors, a DNC spokesperson said, holding one such event earlier this week.