Elizabeth Warren campaign posts weaker fundraising numbers as predicted

Published January 3, 2020 9:55am ET



Elizabeth Warren failed to match her third-quarter fundraising haul of almost $25 million, raising $21.2 million in the final three months of 2019.

Without disclosing the amount of money the Massachusetts senator still has on hand, Warren’s campaign said her fundraising efforts between Oct. 1 and Dec. 31 were boosted by 443,000 donors making about 900,000 contributions with average gifts of $23.

Warren previously warned supporters that her numbers would be softer in comparison to her fall figures, flagging how she had only raked in $17 million just after Christmas.

“In 2019, nearly one million donors pitched in to raise more than $71 million for our grassroots movement — with zero closed-door fundraisers,” she tweeted. “I’m so deeply grateful for everyone supporting our campaign. Team Warren is ready to dream big, fight hard, and win!”

Warren is the last of the top four contenders for the 2020 Democratic presidential nomination to reveal her fundraising results before the Federal Election Commission’s Jan. 15 filing deadline and the Iowa caucuses on Feb. 3. She trails Vermont Sen. Bernie Sanders’s fourth-quarter high watermark of $34.5 million, former South Bend, Indiana, Mayor Pete Buttigieg’s $24.7 million, and former Vice President Joe Biden’s $22.7 million.

Meanwhile, second-tier candidates trail further behind: Entrepreneur Andrew Yang posted $16.5 million, Minnesota Sen. Amy Klobuchar reported $11.4 million, and Hawaii Rep. Tulsi Gabbard posted $3.4 million. At the same time, President Trump has a $46 million reelection war chest with more than $100 million cash on hand.

Warren’s White House bid has experienced blunted momentum since her surge in national and state-based polls over the summer, in part due to her refusal to admit middle-class taxes would go up under her “Medicare for all” plan. One month away from Iowa’s opening contests, she has an average of 15.1% support nationwide and 16% in Iowa, according to RealClearPolitics.