Trump has raised at least $150 million to cover his bogus election challenges — but most of that money will go to financing Trump’s future
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https://www.yahoo.com/news/trump-raised-least-150-million-122519618.html
President Donald Trump at the East Room of the White House in the early hours of November 4, the day after Election Day. Mandel Ngan/AFP via Getty Images
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In the month since Election Day, President Donald Trump’s campaign has ratcheted up fundraising, raising more than $150 million, The Washington Post reported on Monday.
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The New York Times published a similar report Monday but put the number at $170 million.
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To put that into context, the amount raised since Election Day is about double the amount that one of Trump’s main PACs raised during September, its best month.
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The Trump campaign sent hundreds of emails in November, asking supporters to donate as the president fought the results of the 2020 election, The Post reported.
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But the fine print shows that only a fraction of small-dollar donations go to the Trump campaign’s legal fund, with most of the money going into a new account designated to seed his political future instead.
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President Donald Trump’s campaign has raised at least $150 million after Election Day after sending out hundreds of emails asking for support as part of Trump’s hopeless mission to contest President-elect Joe Biden’s win, according to Monday reports from The Washington Post and The New York Times.
In reality, only a small fraction of small-dollar donations is being used for Trump’s legal challenges, with the vast majority instead being put into an account the president can use to fund his post-White House political career.
The Post and Times reports differ slightly on the total raised by the Trump campaign since Election Day. The Post said that more than $150 million was raised in that time, citing multiple sources, while a source who spoke with The Times put that number at $170 million.
Either total would be a significant amount for the campaign. For comparison, the Trump Make America Great Again Committee, one of Trump’s main political action committees, raised $125 million in all of the second quarter of 2020 and raised $81 million during September, its best fundraising month, according to The Post.