Trump Fundraisers Spun Wheels, Spending 77 Cents to Bring in $1
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Bloomberg) President Donald Trumps campaign found it harder to raise money from small-dollar donors in the final months before the election, spending 77 cents of each dollar it received in the third quarter on future fundraising efforts, according to federal disclosures that highlighted the funding gap with Democratic nominee Joe Biden.
Spending by the campaigns grassroots fundraising arm, Trump Make America Great Again, to pursue small donors was far higher than throughout his re-election campaign, when it spent 47 cents per dollar raised.
Over the last three months, TMAGA paid $181 million of the $235.7 million it raised from small donors to vendors for more fundraising expenses, the organizations latest filing with the Federal Election Commission shows. ...........(more)
https://www.bloomberg.com/news/articles/2020-10-20/trump-fundraisers-spun-wheels-spending-77-cents-to-bring-in-1