ANDREW YANG RAISES $10 MILLION IN THIRD QUARTER, TRIPLES SECOND QUARTER FUNDRAISING TOTAL
NEW YORK — Democratic presidential candidate Andrew Yang raised more than $10 million during the third quarter of 2019, outpacing the campaign's second quarter fundraising totals by more than $7 million.
The $10 million haul allowed the campaign to close the quarter with $6.3 million cash on hand, which will go towards campaign infrastructure in the early primary states, where it's recently opened up a number of offices to large crowds.
"Andrew Yang is the only contender showing exponential growth in the third quarter, more than tripling his fundraising number from last quarter," said Campaign Manager Zach Graumann. "This grassroots fundraising total, with over $6m in the bank, ensures this campaign will have the funding to compete and outperform expectations through Super Tuesday and beyond."
In recent polling, Andrew Yang's supporters have shown themselves to be more loyal than those of any other Candidate, with over 70% committed to voting for him in the upcoming primaries. Their dedication shows in their purchasing of campaign merchandise, which accounted for over $2.4 million of the total money raised, with 20,000 MATH hats sold.
Mr. Yang's grassroots campaign is funded by small dollar donors, with over 99% of the donations made online being under $200. Nearly 82% of the total donated is from this group, showing the broad base of Andrew Yang's support.
Yang ended the quarter with a rally in Los Angeles, where well over 5,000 of the Yang Gang showed up to see the Candidate speak about his vision for the country. This event capped a day that saw the campaign raise $576,000 dollars while in the middle of a campaign tour that will take the Candidate through all of the early primary states and California by the end of the week.
"Wow, we ended the quarter on the biggest rush of donations ever!" Yang tweeted on Monday night, reflecting the $2.28 million raised in the last 10 days. "Thank you to everyone who worked your heart out to exceed our goal - you all are amazing!"
The Candidate will spend the first week of the fourth quarter campaigning in Nevada and South Carolina, where the Q3 fundraising money will help to open several new offices and hire many new staffers in the upcoming weeks.