Donald Trump has amassed $102 million in cash reserves, an astounding amount for the former president who lost his bid for re-election last year. Trump has reportedly received $3.2 million in donations to his political committees in 2021 alone.
Trump has riled up his support base by claiming that the 2020 Presidential election was a “stolen” election, and encouraging Americans to donate in order to show their support of his claims. He said in a statement that “Americans share my outrage and want me to continue to fight for the truth.”
Trump fundraises with two PACs, or political action committees: Save America and the Make America Great Again PAC. He also has two separate joint fundraising committees.
Inside former president Trump’s fundraising efforts
New filings indicate that the majority of Trump’s cash reserves exist in his Save America PAC, with $90 million in its accounts as of June 30th. Although Trump lost his bid for Presidential re-election in 2020, he could use this money to assist his party in taking over control of the House and Senate come next year’s midterm elections. He has implied that he may run for office again in 2024 as well.
Trump’s team announced on Saturday, when his fundraising amounts were first reported, that he had raised $82 million of the $102 million in the first six months of 2021. The remaining amounts are funds from 2020 that carried over to this year.
The former president primarily raises funds through his Save America PAC. He also uses Save America for public relations, using it to issue statements on other candidates. Filing with the Federal Election Commission indicate that Trump has not used Save America to contribute to any campaigns thus far in 2021. Trump’s spokesman Jason Miller said that he will begin to contribute to campaigns in July. The filings currently released cover 2021 up to June 30th.
Save America has a limit on how many donations it can receive, but there is little regulation over how the funds are used. The PAC spent $68,000 on rooms and food at the Trump Hotel Collection in the six month period covered by the filing.
Trump endorsed super PAC Make America Great Again Action raked in slightly over $5 milllion according to the super PAC’s filing. Donors to the super PAC include former Georgia Senator Kelly Loeffler, who contributed $250,000, and Don Ahern, a Nevada bussinessman and CEO of Ahern rentals, who contributed $1 million.
Trump will have the opportunity to use his financial backing this Tuesday, when the GOP primary for a US House seat from Ohio takes place. Trump has already contributed over $400,000 to his favored candidate, coal lobbyist Mike Carey, who is running in the Columbus, Ohio special election for the seat.