Trump seeks to broaden his fundraising operation
Print Edition
DONALD Trump raised US$1.7 million from donors and loaned his White House campaign US$7.5 million in April as he moved closer to becoming the Republican nominee for president, according to documents filed with the United States Federal Election Commission.
The New York businessman had loaned his campaign a total of US$43.5 million as of the end of April, the filings showed. More recently, he has made moves to build up his fundraising operation with an eye towards the November 8 general election.
Trump became the Republican Party’s presumptive nominee earlier this month, when both of his rivals dropped out of the race. Trump self-funded much of his primary run, but he has said he will not rely as heavily on his own money for the general election, when he will face the Democratic nominee.
Both people seeking the Democratic nomination have raised more than Trump. Front-runner Hillary Clinton brought in US$26.4 million in April, including funds from a joint fundraising effort with the Democratic Party.
An outside Super PAC supporting her campaign raised US$8.6 million. A Super PAC is a fundraising group that must operate separate from political campaigns but can raise unlimited sums.
US Senator Bernie Sanders, Clinton’s rival for the Democratic nomination, raised US$26.9 million in April. He has disavowed Super PACs.
Trump has criticized them too, though a long-time Republican operative recently joined a Super PAC backing the mogul. This month, Trump hired investor Steven Mnuchin as his national finance chairman and entered a joint fundraising deal with the Republican National Committee that will allow donors to write much bigger checks.
The FEC filings do not reflect these moves, but they show that Trump’s fundraising dipped in April, after he brought in about US$3 million and loaned himself US$11.5 million in March.
He also spent less in April, US$9.4 million compared with US$13.8 million a month earlier, when more states held nominating contests.
Trump spent US$2.6 million on advertising in April, far less than the US$17.3 million spent by Sanders and US$9.3 million spent by Clinton.
Trump’s consulting and payroll spending also dropped about 30 percent to US$1.7 million in April, even as he added experienced political staff.
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