Biden sustains the maximum of donors to fund its 2020 campaign

Joe Biden has raised more than a third of his campaign funds from donors who gave the maximum amount allowed, helping the former vice president to raise $ 22 million in the second quarter, while at the same time boosting the fundraiser. opening to criticism at a Democratic primary who placed the premium high. on the support of small contributors.

Biden raised funds in increments of $ 2,800 while stopping often at the homes of wealthy donors, some of whom have known him for decades. He reported more money from "max-out" supporters than his rival Pete Buttigieg, whose $ 24.8 million overtook Biden and the rest of the Democrats in the second quarter. Buttigieg received $ 4.8 million in donor checks giving it the maximum contribution in the last three months.

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Biden's big profits reflect its hold on some of the country's most influential donors and fundraisers. It also shows a potential gap for his campaign: he can not go back to the donors who have already given his campaign the maximum of $ 2,800 and ask for more, while the rivals who collect more checks with increases of 10 and $ 20 can continue to make modest donations. during the primary.

Rivals such as Bernie Sanders, meanwhile, regularly use Biden's fundraising stops to explain that Biden is not in touch with Democratic primary voters.

Since he's launched his campaign, Biden has also been working to expand his donor network of modest value. Her campaign raised $ 8.3 million in donations of $ 200 or less in the second quarter, a significant amount, albeit less than Sanders or Elizabeth Warren, who focused on building collection bases. modest funds instead of attending large fundraisers.

Sanders raised $ 12.5 million in small donations in the last quarter, while Warren raised $ 12.7 million worth of small dollars.

Investor Ron Conway, Newsweb Corporation President Fred Eychaner, and Hollywood producer Jeffrey Katzenberg and his wife Marilyn, all of whom donated the most, are among the best-known Democratic donors to the campaign. from Biden. Several people linked to the Obama administration, such as the former White House press secretary, Jay Carney, the former US ambassador to France Jane Hartley and the former US ambassador to Belgium Denise Bauer, who also participates in fundraising for the Biden campaign.

The rich network of one of Biden's supporters, Florida-based lawyer John Morgan, also saved a lot of money: lawyers working for the Morgan, Morgan & Morgan law firm donated 398 $ 000 to the Biden campaign since its launch.