Politics

Trump Campaign Reports $20 Million Cash on Hand

Billionaire loaned his campaign some $45 million as of end of May

Donald Trump and his allies have cast his presidential bid as primarily funded by the candidate. (Photo By Al Drago/CQ Roll Call)

Donald Trump's presidential campaign disclosed Wednesday that it raised $26.7 million in June and had about $20 million cash on hand as of June 30, according to reports filed with the Federal Election Commission.  

The Trump campaign reported spending $7.8 million during the month, including more than $200,000 on its law firm, Jones Day. The filing also revealed that the candidate forgave millions of dollars in loans he made to the campaign.  

Trump’s opponent, Hillary Clinton, reported hauling in more than $36 million during the same period, with more than $44 million in cash on hand.  

Trump’s campaign has stepped up its fundraising appeals this week during the Republican National Convention in Cleveland.  

In one email pitch, Trump said that as he took the stage Monday night to introduce his wife, Melania, he “looked up to the jumbotron and was proud to see names of my tremendous supporters on the screen. . . . I hope you will make a generous contribution today so I know you’re on my side.”  

[ Trump, RNC Strike Deals on Fundraising ]  

In contrast to Trump’s campaign, lobbyists have boosted Clinton’s fundraising, according to FEC documents disclosing lobbyist bundlers. Not only have individual lobbyists directly donated, but they have helped the former secretary of State’s presidential campaign round up nearly $3 million during the first half of this year.  

Her affiliated Hillary Victory Fund, a joint-fundraising account shared between the candidate and national and state Democratic party committees, has disclosed an additional $1.8 million bundled by registered lobbyists.  

Trump Victory, one of Trump’s joint fundraising accounts, reported brining in more than $25 million and spending about $13 million, since it was formed in May. His other joint-fundraising committee, called Trump Make America Great Again, reported raising $6.7 million and spending about $500,000, since its inception in May.  

Trump Victory is a joint effort between the Trump campaign, the Republican National Committee and several state parties, including Arkansas, New Jersey and New York. Trump Make America Great Again is a partnership of the Trump campaign and the RNC.     

Trump and his allies have cast the real estate mogul’s presidential bid as largely self-funded. In reality, Trump’s federal election filings show that as of the end of May he had loaned his campaign more than $45 million and had raised some $17 million from donors. Trump forgave those loans, according to the FEC filing. 

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