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☆ Behind Trump's campaign cash crunch: Small-dollar donor fatigue, major donor hesitation
▼ + stars: | 2024-03-18 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

The drop in Trump's small-dollar contributors could be significant obstacle as the former president faces the well-funded incumbent president, Democrat Joe Biden. Falling behind BidenEvidence from earlier in the 2024 election cycle already hinted at an erosion of Trump's small-dollar donor base, or support of $200 or less. In January of this year, Trump's campaign reported raising around $3 million from small-dollar donors, according to data from OpenSecrets. Elizabeth Frantz | ReutersMeanwhile, Trump's campaign told The New York Times that February was its strongest month so far in the 2024 campaign cycle for small-dollar donations. Between Jan. 1 and Dec. 31, 2020, Trump's campaign raised over $264 million from small-dollar supporters.

Persons: Donald Trump, Marco Bello, Reuters Donald Trump's, Joe Biden, Biden, Trump's, Elizabeth Frantz, Trump, Shannon Stapleton, John Paulson, Howard Lutnick, Letitia James, Steve Schwarzman, Miriam Adelson, Denise Truscello, Stephen Louro, Long, Louro, Greg Abbott, Elise Stefanik, Haley, Nikki Haley, MAGA, Adrienne Arsht, Mike Segar, Paul Singer, Singer, Paul Singer David A, Singer's, Lara Trump, Jonathan Drake Organizations: Reuters, White, Republican Party, Federal, Commission, U.S, Capitol, Washington , D.C, New York Times, CNBC, Trump, Republican National Committee, RNC, New York, Court, Trump Organization, AFP, Getty, PAC, Democrats, Blackstone, Cleveland Clinic Lou, Brain Health, MGM, Garden, Hamptons, Republican, New York Republican, Republican Texas Gov, South Carolina Gov, Former South Carolina, NBC News, Adrienne, Adrienne Arsht Center, Performing Arts, Republicans, Haley, Grogan, American Opportunity Alliance, Politico, North, North Carolina GOP Locations: Lago, Palm Beach , Florida, U.S, Washington ,, New York City, Las Vegas , Nevada, York, Former, Miami , Florida, Houston, New York, North Carolina, Greenville , North Carolina

Save America was once so flush with cash that Trump’s political operation used its money to seed a super PAC, MAGA Inc., that advertises in support of his presidential campaign. But as Trump’s legal bills have grown and its cash dwindled, Save America clawed back more than $42 million in refunds from the super PAC last year. The super PAC supporting her candidacy, SFA Fund, spent more freely. Its year-end report shows that the group raised $50.2 million and spent $63.7 million between July and December. The substantial burn rate left the super PAC with just $3.5 million in cash on hand entering 2024.

Persons: Joe Biden, Donald Trump’s, Biden, Nikki Haley, Haley, Haley’s, Trump, “, ”, Ken Griffin, Jan Koum, Paul Singer, Jim Davis, Griffin, Singer, George Soros, Eric Schmidt, Shonda Rhimes, Ron DeSantis ’, DeSantis, Donors Organizations: CNN, Trump, GOP, South Carolina Gov, Federal, Republican, Save America PAC, Make, PAC, FEC, Save, MAGA Inc, SFA Fund, SFA, Palmetto State, Haley, Citadel, New, American Opportunity Alliance, Hollywood, DeSantis Locations: Iowa, New Hampshire, Save America, South Carolina, Palmetto, Florida

A network of some of the country’s wealthiest Republican donors gathered this week at a Florida winter meeting held by the American Opportunity Alliance and heard from top aides to both Mr. Trump and Ms. Haley. The gathering on Monday and Tuesday was one of the first significant steps in the reluctant drag back to the reality of Mr. Trump for some of these donors, after aides to Mr. Trump received no such invitation to the group’s fall retreat. Ms. Haley has a series of fund-raisers in the coming days, and held one in New York City on Tuesday night. At the American Opportunity Alliance retreat, Ms. Haley had far more backers than Mr. Trump did. Kenneth Griffin, a billionaire hedge-fund executive and major Republican donor who attended the retreat, gave $5 million to her super PAC this month, according to a person close to him.

Persons: Nikki Haley, Republican Party —, Donald J, Trump, Haley, Haley —, Biden, Kenneth Griffin Organizations: Republican Party, American Opportunity Alliance, Mr Locations: Iowa, New Hampshire, Trump, Florida, New York City

☆ Trump campaign chief urges Republican megadonors to ignore his words, focus on primary lead
▼ + stars: | 2024-01-31 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

A top adviser to Donald Trump 's 2024 presidential campaign has a message for some of the wealthiest Republican donors in the country: Don't take the former president's divisive rhetoric too seriously. Wiles' message to donors, to just ignore Trump's hyperbolic rhetoric, is reminiscent of the spin from White House staff while Trump was president. In Palm Beach Tuesday, Wiles' pitch appeared to work, at least on some of the participants. Neither Wiles nor a Trump campaign spokesperson returned requests for comment before publication. A spokeswoman for the Haley campaign said the events this week in New York raised over $1.5 million.

Persons: Donald Trump, Jean Carroll, Trump, Wiles, Joe Biden, Susie Wiles, Republican megadonors, Elliot Investment Management Paul Singer, Nikki Haley, Haley, MAGA, Trump's, Sebastian Gorka, Singer, Betsy Ankney, Ankney, Biden Organizations: U.S, Trump, Republican, American Opportunity Alliance, Elliot Investment Management Paul, Truth, White House, House, CNBC, Palmetto, Singer, NBC News, South, Sunshine State Locations: Manhattan, New York City, U.S, Palm Beach, Fla, South Carolina, Florida, New York

Casino magnate Steve Wynn spent the night of the New Hampshire primary alongside Trump. Ron DeSantis’ biggest financial backers and donated $20 million to the super PAC backing DeSantis’ presidential bid. While some of these high-dollar financiers are coming around to Trump, others have shifted to former South Carolina Gov. Her fundraising swing through New York City is expected to bring in $1.5 million in new donations, according to a Haley campaign official. We are anywhere and everywhere in South Carolina.

Persons: Donald Trump, Steve Wynn, Robert Bigelow, Las Vegas businessman Don Ahern, Trump, Ahern, Bigelow, Ron DeSantis, DeSantis, Rebekah Mercer, Nikki Haley, MAGA, Haley – Trump’s, –, Haley, Charles Koch, Susie Wiles, Ken Griffin, Paul Singer, Ricketts, Griffin, Haley’s, ”, “, ” Griffin, Zia Ahmed, Ahmed, Dave McCormick’s, Tim Sheehy’s, Ken Langone, Cliff Asness, Stanley Druckenmiller, Nikki, ” Asness, “ We’ve, CNN’s Ebony Davis Organizations: CNN, Casino, New, Trump . Aerospace, Las Vegas businessman, Trump, Florida Gov, GOP, Mercer, Politico, South Carolina Gov, Inc, South Carolina, Republican, Prosperity, American Opportunity Alliance, Chicago Cubs, Citadel, U.S . House, ”, Republicans, Wall, AQR Capital Management, South, CBS News Locations: Lago, New Hampshire, Las, Trump’s, Nevada, Palm Beach , Florida, Florida, Trump, Kansas, Palm Beach, Pennsylvania, Montana, New York, New York City, ”, South Carolina

But the donors in the American Opportunity Alliance do not move in unison, and people supporting Ms. Haley — and who had supported Gov. Some members of the group have been open about wanting a candidate other than Mr. Trump. Mr. Trump also has repeatedly attacked major donors as being part of the “swamp” that he derides. The network supported Ms. Haley, but as The New York Times recently reported, some of its donors regretted that endorsement. They also suggested that they would be focusing intensely on Senate and House races, especially if Mr. Trump became the nominee.

Persons: Republican megadonors, Donald J, Trump, Nikki Haley, Haley’s, Betsy Ankney, Trump’s, Susie Wiles, Puck, Ricketts, Paul Singer, Kenneth Griffin, Haley —, Ron DeSantis, Haley, Mr, DeSantis, —, Linda McMahon, President Trump, Nikki Haley’s, Mark Kauzlarich, Jean Carroll, Koch, Emily Seidel, Michael Palmer, Ms Organizations: Republican, American Opportunity Alliance, Chicago Cubs, Sunday, New, Small Business Administration, President, The New York Times, Trump Republican Party, Mr, Prosperity, New York Times Locations: Palm Beach, Fla, Florida, Dallas, Iowa, New Hampshire, South Carolina, Indian Wells, Calif

☆ Key Network of G.O.P. Megadonors to Meet With Trump and Haley Camps
▼ + stars: | 2024-01-27 | by ( Maggie Haberman | Jonathan Swan | ) www.nytimes.com time to read: +1 min

A network of Republican megadonors has invited aides to both Donald J. Trump and Nikki Haley to make presentations at the group’s winter meeting next week, as the wealthy contributors assess the presidential race with just nine months until Election Day. The network was founded a decade ago by a group of wealthy donors, including members of the Ricketts family, which owns the Chicago Cubs, and the investors Paul Singer and Kenneth Griffin. But the donors in the American Opportunity Alliance do not move in unison, and people supporting Ms. Haley — and who had supported Gov. Ron DeSantis of Florida, who dropped out of the race last Sunday — are part of the network. Some members of the group have been open about wanting a candidate other than Mr. Trump.

The memo, shared with The Associated Press, pointed to Reynolds' surprise endorsement — a rarity for sitting Iowa governors before the caucuses — as proof that DeSantis could cut into Trump's margins. In her own memo, Haley campaign manager Betsy Ankney on Monday described the Iowa contest as a “dead heat” between DeSantis and Haley, while ignoring Trump's massive lead. He has no end game.”The new DeSantis memo points to the political infrastructure that he and an allied super PAC have established across several early voting states. In Iowa, the memo claims “there will soon be 50 dedicated paid staff" and the organizing help of Reynolds, who has her own statewide operation. But learning of Reynolds’ support for DeSantis Sunday did nothing to move her toward him, she said Monday.

Persons: Ron DeSantis ’, Donald Trump, Kim Reynolds, Nikki Haley, Haley, Reynolds, Trump, ”, James Uthmeier, David Polyansky, Ryan Tyson, “, Hawkeye, ” Reynolds, Ron DeSantis, —, Ira Roffel, hasn’t, “ I’m, John Stineman, DeSantis, Joe Biden, Betsy Ankney, ” Ankney, ’, Helen Herbold, Herbold, ” ___ Organizations: DES, —, — Florida Gov, Republican, American Opportunity Alliance, United, The Associated Press, Iowa, Trump, Des Moines, The New, ” ___ Peoples Locations: DES MOINES, Iowa, — Florida, United Nations, Wednesday's, New Hampshire, Des Moines, Fairfield , Iowa, Des, DeSantis, The, The New Hampshire, South Carolina, In Iowa, New York

The New York hedge fund executive instead spoke highly of Haley's Republican rivals as well, naming Florida Gov. A Des Moines Register poll published Monday shows Haley tied with DeSantis for second in Iowa, which hold the first-in-the-nation GOP caucuses on Jan. 15. Haley and DeSantis are in an increasingly expensive battle against each other as they head into the third Republican primary debate next week. Neither Haley nor DeSantis is currently devoting any advertising dollars to criticizing Trump. She has won over new donors in recent weeks, including former Illinois Gov.

Persons: Nikki Haley's, Paul Singer, Ron DeSantis, South Carolina Sen, Tim Scott, Donald Trump’s, DeSantis, Haley, —, Joe Biden, Trump, ”, Marc Short, Mike Pence, Biden, Bruce Rauner, ” Haley, Rauner, Israel, “, Israel —, Jaime Harrison, ” Harrison, Gavin Newsom, Newsom, belittling Haley, Singer, Ken Griffin, Griffin, Eric Levine, Scott, ” Levine, you’ve, Donna Valiga, “ Trump, Benjamin Netanyahu “, She’s, ” Valiga, “ She’s, ’, ___, Emily Swanson Organizations: Republican, South, Florida Gov, GOP, Democratic, Trump, Des Moines, Illinois Gov, Trump . Democratic National, Gov, Singer, New, Dallas, American Opportunity Alliance, Representatives, DeSantis, PAC, Israel, ___ Peoples Locations: CEDAR RAPIDS , Iowa, Dallas, Parkland, South Carolina, York, Florida, Israel, Iowa, China, Trump's, Sioux City , Iowa, New York, Chicago, New Hampshire, Cedar Rapids, America, Washington

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