McAuliffe reports big haul
Terry McAuliffe is the first to tout his fundraising figures from the recent filing period which ended March 31st. McAuliffe raised more than $4.2 million this quarter and reports having $2.5 million cash on hand.
McAuliffe rejected a pledge made by his democratic opponent Brian Moran to only raise money in Virginia. He has been flying around the country, tapping into his network of high profile donors that he made connections with as the Chairman of the Democratic National Committee. Despite the obvious advantages McAuliffe has to raise money from his old friends, his campaign made sure to point out that he has received contributions from 3,440 individuals to reach the $5.2 million he has raised over the entire campaign. That means he is averaging about $1,500 per donor.
In case you weren’t sure, this is on track to be far and away the most expensive gubernatorial election in commonwealth history. In addition to the millions that will be raised by each campaign, outside national groups have already jumped into the fray. Anita Kumar at the Washington Post has an interesting look at where the cash is coming from and how the contributions demonstrate the desire of both Republicans and Democrats to make a national statement with this race come November.
The full release outlining McAuliffe’s report is after the jump..
McAuliffe Raises Over $4.2 Million in First Fundraising Quarter
Today, gubernatorial candidate Terry McAuliffe’s campaign announced that he raised over $4.2 million in the three month period from January 1 to March 31 and has nearly $2.5 million cash on hand. After rolling out the first three chapters of his comprehensive Business Plan for Virginia and building a statewide grassroots operation, McAuliffe’s broad financial support highlights why he is the candidate best positioned to run against Republican Bob McDonnell in November.
“We are thrilled with the grassroots and fundraising support we have received over the last few months,” McAuliffe campaign manager Mike Henry said. “Virginians are looking for a governor who will continue the Warner-Kaine tradition of leadership and bring both business and executive experience to Richmond. Terry’s decades of experience creating jobs and turning around struggling businesses, as well as his detailed plans to get Virginia’s economy back on track, have resonated with Virginia voters.”
After raising nearly $1 million from Virginia donors in 6 weeks during the previous fundraising period, McAuliffe has now raised a total of approximately $5.2 million from over 3,440 contributors.