Wealthy Minnesotans have opened their pocketbooks to back either former President Donald Trump or Vice President Kamala Harris, making their mark on the race for the White House.
Minnesota donors have funneled $24 million to joint fundraising committees, PACs and principal campaign committees for Harris and $7 million to Trump committees and PACs.
Joint fundraising committees function as a one-stop shop for campaigns to raise money for multiple committees at once, allowing donors to make larger contributions to help candidates.
“It’s a very efficient way for them to raise money because the parties are allowed to raise hundreds of thousands of dollars a year from individual donors,” said Brendan Glavin, a deputy research director at OpenSecrets, a nonpartisan group that tracks money in politics. “You go and you make one single ask, and then they can get the maximum amount.”
Contribution limits to joint fundraising committees vary depending on how many participating committees are involved.
A Star Tribune analysis focused on the Harris for President and Harris Victory Fund, and for Trump, the Donald J Trump for President 2024, Inc.; Trump 47 Committee, Inc.; Trump National Committee JFC, Inc., and Trump Save America Joint Fundraising Committee.
David Schultz, a Hamline University political science professor, says the growing variety of groups tied to presidential campaigns makes it easier than ever for donors to put big money into political races. A lot of that money is hard to trace.
“It allows you to give more and at the same time have a bigger impact,” Schultz said. “From the candidates’ point of view, they turn it over to someone else, let them do the begging for me. For the average citizen, it is really confusing.”