Wednesday, April 1, 2015

Ted Cruz raises $4 million in first 8 days of campaign, 95% of contributions were $100 or less-Wall St. Journal, Washington Post

4/1/15, "Ted Cruz raises $4 million in just over a week," Washington Post, Paul Steinhauser, NH1 News

"Sen. Ted Cruz has raised $4 million in the eight days since officially launching his White House bid, his campaign confirmed Wednesday night.

And in a sign of his appeal to grassroots conservatives, his campaign said that 95 percent of the contributions came in amounts of $100 or less.

Cruz, who formally announced his presidential campaign on March 23, remains the only major candidate in either party to officially launch a White House bid. He raised $1 million within a day of his formal announcement, and $2 million within the first three days, according to his campaign. Cruz's campaign said bundlers accounted for one-third of the money raised and that 300 donors maxed out on their contributions to Cruz.

Word of his latest fundraising figures was first reported by the Wall Street Journal. “Often you have an establishment candidate, usually the moderate, who will be well funded,” Cruz spokesman Rick Tyler said in a statement. “Here we have a candidate who is conservative and can raise money.”

Cruz will most likely rely heavily on small-dollar donations rather than big checks from the wealthy donors who tend to back establishment candidates. The Cruz campaign said Wednesday that the average donation during the eight days from the campaign launch through March 31, the deadline for candidates to file their fundraising totals from the first quarter of 2015, was around $83.

The goal of the Cruz campaign is to bring in some $40 million over the next year. That haul will most likely be dwarfed by the big bucks expected to be raised by former Florida Gov. Jeb Bush, Wisconsin Gov. Scott Walker, and possibly Sen. Rand Paul of Kentucky."...

Comment: Above, "300 donors maxed out on their contributions to Cruz." I was one of the 300. Waiting for the general to be able to give again. S.


4/1/15, "Ted Cruz Campaign Points to Hefty Donations," Wall St. Journal, Janet Hook and Rebecca Ballhaus

"About $4 million flowed into coffers in eight days after he formally announced presidential bid."

"Sen. Ted Cruz of Texas raised about $4 million in the eight days after he formally announced his candidacy for the Republican presidential nomination, his campaign staff said, indicating donations are coming at a faster clip than for some GOP candidates in past years.

The fundraising tally comes as Mr. Cruz tries to answer questions about whether he can raise enough money to compete with big-donor magnets such as former Florida Gov. Jeb Bush.

The donations show Mr. Cruz outraising in one week the $2.1 million garnered in two months by Newt Gingrich, a former House speaker, after formally launching his campaign in 2011. 

Sen. John McCain (R., Ariz.) raised $1.7 million in the 1 1/2 months after he started a presidential exploratory committee in 2006. He went on to win the party’s nomination that cycle.

“Often you have an establishment candidate, usually the moderate, who will be well funded,” said Cruz spokesman Rick Tyler. “Here we have a candidate who is conservative and can raise money.” On March 23, Mr. Cruz became the first major candidate to formally launch a 2016 presidential bid.

His campaign is likely to rely more heavily on small-dollar donors, many identifying with the tea-party movement, than on the party’s wealthiest supporters. Of the total raised in the eight days after Mr. Cruz’s announcement, 95% were contributions of $100 or less, Mr. Tyler said. The average donation was about $83.

The Cruz campaign aims to raise about $40 million during the next year—a figure that could be dwarfed by the war chest being amassed by Mr. Bush, a favorite of the big-dollar GOP donors who is holding a series of nationwide fundraisers."...(subscription) WSJ text above after headline via Free Republic


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