The Republican National Committee brought in $15.5 million in January and ended the month with $28.6 million cash on hand as it prepared for President Donald Trump’s 2020 reelection campaign, according to a new campaign finance disclosure.
The committee spent more than $300 million during the midterm election cycle helping Republicans, and it is now working closely with Trump’s reelection effort. In addition to raising $8.9 million directly from donors in January, the RNC collected more than $6 million from two joint fundraising committees affiliated with the committee and the Trump campaign.
Among the supporters who cut large checks of $33,900 to the RNC in January were Dallas investor Andy Beal, technology entrepreneur Peter Thiel and Wisconsin businesswoman Elizabeth Uihlein.
The RNC spent $10.5 million in January. Costs associated with raising money, such as mail production and telemarketing, were among the committee’s biggest expenses last month and it spent $1.7 million on postage, the single largest expense category.
The RNC also reported paying $600,000 in January to Parscale Strategy LLC, the firm affiliated with Trump campaign manager Brad Parscale. The payments were marked as “fundraising services.”
Article originally published on POLITICO Magazine