Newly-disclosed fundraising numbers illustrated a huge gap between the Democratic National Committee (DNC) and the Republican National Committee (RNC), with the latter raising more than double the amount of money in June, Politico reported Saturday.
In the same month as the first round of their presidential primary debates, the DNC brought in $8.5 million in fundraising but spent $7.5 million on expenses. The organization ended the month with $9.5 million in cash on hand.
The DNC’s spending was used to cover a variety of campaign expenses including “event decorations,” “security,” and “catering,” but the filings did not indicate which expenses were related to the debates.
Major Democratic donors gave to the committee in June, such as hedge fund manager James Simons — who donated $319,500 to the DNC — and former Secretary of Commerce Penny Pritzker, who cut a check to the committee for $100,000.
Republicans’ fundraising blew the DNC’s out of the water, however, raising over double the amount of money in the same month, with the RNC reporting a haul of $20.7 million in June and ending the month with $43.5 million cash on hand.
The RNC spent millions on fundraising efforts in the month of June, using $1.4 million to pay for “fundraising services” from different firms, including a firm affiliated with President Donald Trump‘s campaign manager Brad Parscale, Parscale Strategy.
Additionally, the Republican committee put $5 million into traditional mail and telemarketing fundraising and spent $781,000 on polling from different companies.
Investor Charles Schwab gave $355,000 to the RNC in June with other major donors including billionaire Marlene Ricketts — who donated $106,500 — and The Home Depot co-founder Bernard Marcus cutting a check for $355,000.
The RNC has been raking in a lot of cash for the 2020 election cycle so far this year.
As IJR Red previously reported, the Republican committee announced last month that they raised a staggering $14.6 million for the month of May, with RNC Chairwoman Ronna McDaniel lauding the number as “record-breaking” in a statement.