Kamala Harris’s 2024 presidential campaign raised $361 million last month—nearly tripling the cash raised by her opponent, former President Donald J. Trump. The August cash haul could give Harris a significant advantage over Trump as the campaigns hit the homestretch before November’s presidential election.
Altogether, the Harris campaign and affiliated Democratic committees have just over $400 million in cash on hand. Meanwhile, former President Trump reports nearly $300 million in the bank, giving Harris a $100 million edge. The Democratic Party and its nominee’s fundraising was likely aided by their party convention held in late August—over a month after the Republican National Convention.
Since being selected as the Democratic Party’s 2024 nominee following the 81-year-old incumbent President Joe Biden’s announcement that he would not seek re-election, Harris has raised over $600 million. However, a share of that campaign cash came through a transfer from the now-defunct Biden campaign.
The Democrat cash advantage has allowed Harris to fuel a $370 million ad buy that began on Labor Day and will run through the November election. Harris’s campaign has also earmarked $25 million to spend on down-ballot races as Democrats struggle to retain control of the U.S. Senate and retake the House of Representatives.
According to the Democratic nominee’s campaign, over 60 percent of their August contributions came from women, while about 20 percent came from registered Republicans and independents. Before Harris entered the race, former President Trump led then-candidate Joe Biden in fundraising. Trump’s cash advantage was fueled in part by the Democrats’ lawfare campaign against him and by major donors becoming increasingly wary of the 81-year-old Biden’s cognitive decline.
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