Kamala Harris is bringing in huge donations for herself and the Democratic Party

President Joe Biden has officially dropped out of the 2024 election and his endorsement of Vice President Kamala Harris to replace him at the top of the ticket as the Democratic Party nominee has injected the left with new energy and cash. 

Harris isn’t the Democratic Party’s nominee just yet, but she did announce her candidacy in the wake of Biden’s endorsement, which spurred on one of the greatest donation runs of the election cycle, according to a report from ActBlue.

ActBlue is a non-profit organization focused on collecting small-dollar donations for the Democratic Party, and the group reported on the social media platform X that grassroots donations to Harris following her campaign launch quickly reached the tens of millions. 

“Small-dollar donors raise over $27.5 million on ActBlue in the first 5 hours of Vice President Kamala Harris' presidential campaign. Grassroots supporters are energized and excited to support her as the Democratic nominee,” ActBlue wrote on July 21st. 

While $27.5 million dollars in just a few hours may seem like a lot of money, things only got better for Harris and the Democrats since the donations kept flowing into the party's coffers.

“As of 9pm ET, grassroots supporters have raised $46.7 million through ActBlue following Vice President Kamala Harris’ campaign launch. This has been the biggest fundraising day of the 2024 cycle,” ActBlue revealed on X. 

“Small-dollar donors are fired up and ready to take on this election,” the nonprofit group added. The total number of small-dollar donations was later revised to $49.6 million by Vice President Harris’ campaign aide Brian Fallon. 

Grassroots donations from small donors aren’t the only funds flowing into the Harris campaign either. Natasha Korecki of NBC News reported that large-dollar donors are already pledging their money to Harris and future fight for the White House.

“The floodgates will open,” Biden Victory Fund Finance Chair Chris Korge told NBC News. “There’s been a lot of people holding back contributions that will now contribute because the whole thing—that whole situation was paralyzing our fundraising.” 

Korge also said that some large donors were moved by Biden’s decision to drop out of the 2024 election race. “People are emotional because they knew how hard it was to make this decision after doing an incredible job,” Korge explained.

“Major donors are incredibly receptive of his endorsement and are genuinely excited. I think this is going to create a tidal wave of donations,” Korge continued. How things will play out now, has yet to be seen, but it's clear that the left has been re-energized.

The Hill’s Lauren Sforza also reported on the flood of donations flowing into Democratic coffers following Harris’ campaign announcement and noted that the situation was a big change from what had been happening since the end of June. 

Trump was catching up to the Biden campaign’s fundraising lead in recent weeks due to Biden’s poor performance during their June 27th debate, an incident that reportedly led big-dollar donors to freeze some $90 million from Biden’s re-elect campaign. 

Natasha Korecki reported that grassroots donations also “substantially diminished” in the weeks that followed Biden’s debate with Trump. However, the situation appears to have reversed donations spigot has been turned back on for Harris. 

More than 2.4 million unique small-dollar donors gave more than 10.4 million donations to 15,927 campaigns and organizations via ActBlue in the first quarter of the year, which totaled over $460 million at an average contribution size of $42.73 dollars. 

“Small-dollar donors are giving during pivotal moments, especially those that contrast President Biden’s vision for the country against that of the MAGA Republican agenda, with 86.3% of all donors giving at least one federal donation,” ActBlue noted. 

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