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| Elizabeth Warren’s 2020 Campaign Says It Raised $6 Million | Elizabeth Warren’s 2020 Campaign Says It Raised $6 Million |
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| WASHINGTON — Senator Elizabeth Warren of Massachusetts raised more than $6 million in the first quarter of the year, her campaign said on Wednesday, trailing some Democratic rivals but exceeding the campaign’s worst-case fears after some early fund-raising troubles and the departure of her finance director. | WASHINGTON — Senator Elizabeth Warren of Massachusetts raised more than $6 million in the first quarter of the year, her campaign said on Wednesday, trailing some Democratic rivals but exceeding the campaign’s worst-case fears after some early fund-raising troubles and the departure of her finance director. |
| Ms. Warren received more than 213,000 contributions from more than 135,000 donors, with an average donation of $28, her campaign said. She also had a strong finish to the quarter. The campaign raised more than $1.4 million during the last week of the quarter from more than 50,000 donations, exceeding its goal of 35,000 donations. | Ms. Warren received more than 213,000 contributions from more than 135,000 donors, with an average donation of $28, her campaign said. She also had a strong finish to the quarter. The campaign raised more than $1.4 million during the last week of the quarter from more than 50,000 donations, exceeding its goal of 35,000 donations. |
| The numbers offer the most detailed window into the financial outlook of Ms. Warren’s campaign, which had, to this point, released little information about its ability to raise funds. Ms. Warren has raised eyebrows — and won supporters — for her decision to swear off high-dollar fund-raising events and rest her campaign’s hopes on small-dollar donations. | The numbers offer the most detailed window into the financial outlook of Ms. Warren’s campaign, which had, to this point, released little information about its ability to raise funds. Ms. Warren has raised eyebrows — and won supporters — for her decision to swear off high-dollar fund-raising events and rest her campaign’s hopes on small-dollar donations. |
| The figures on donations came after her campaign put out urgent warnings that fund-raising was critical to perceptions of Ms. Warren’s strength. And, while better than some had feared, they still left her trailing some key rivals. | The figures on donations came after her campaign put out urgent warnings that fund-raising was critical to perceptions of Ms. Warren’s strength. And, while better than some had feared, they still left her trailing some key rivals. |
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| “I won’t sugarcoat it: We were outraised by some other candidates in the presidential primary this first quarter,” Roger Lau, her campaign manager, wrote in an email to supporters on Wednesday afternoon. | “I won’t sugarcoat it: We were outraised by some other candidates in the presidential primary this first quarter,” Roger Lau, her campaign manager, wrote in an email to supporters on Wednesday afternoon. |
| Based on figures released by campaigns so far, she trails far behind the fund-raising leader in the Democratic field, Senator Bernie Sanders of Vermont, who raised $18.2 million, as well as Senator Kamala Harris of California, who raised $12 million. She is also behind former Representative Beto O’Rourke of Texas, who raised $9.4 million, and Pete Buttigieg, the mayor of South Bend, Ind., who raised more than $7 million. | Based on figures released by campaigns so far, she trails far behind the fund-raising leader in the Democratic field, Senator Bernie Sanders of Vermont, who raised $18.2 million, as well as Senator Kamala Harris of California, who raised $12 million. She is also behind former Representative Beto O’Rourke of Texas, who raised $9.4 million, and Pete Buttigieg, the mayor of South Bend, Ind., who raised more than $7 million. |
| Ms. Warren and campaign advisers have made clear that they did not expect to match the fund-raising prowess of Mr. Sanders and Mr. O’Rourke, the two other major candidates who have eschewed high-dollar fund-raisers. | Ms. Warren and campaign advisers have made clear that they did not expect to match the fund-raising prowess of Mr. Sanders and Mr. O’Rourke, the two other major candidates who have eschewed high-dollar fund-raisers. |
| Ms. Warren’s first-quarter total trails those of Mr. Sanders and Mr. O’Rourke even though Ms. Warren entered the presidential race more than a month before both candidates. However, her numbers also offer reason for optimism, considering Ms. Warren roughly matched another rival, Ms. Harris, in small-dollar donations, and raised more in the final week of the quarter than Ms. Harris did through her digital program in the final week. | Ms. Warren’s first-quarter total trails those of Mr. Sanders and Mr. O’Rourke even though Ms. Warren entered the presidential race more than a month before both candidates. However, her numbers also offer reason for optimism, considering Ms. Warren roughly matched another rival, Ms. Harris, in small-dollar donations, and raised more in the final week of the quarter than Ms. Harris did through her digital program in the final week. |
| Ms. Warren, who won her Senate re-election bid by a wide margin in November, is also relying on a stockpile of donations she had previously collected. Presidential candidates can make use of money they raised in federal campaigns in the past, and Ms. Warren transferred $10.4 million from her Senate account to her presidential campaign, her team said. | Ms. Warren, who won her Senate re-election bid by a wide margin in November, is also relying on a stockpile of donations she had previously collected. Presidential candidates can make use of money they raised in federal campaigns in the past, and Ms. Warren transferred $10.4 million from her Senate account to her presidential campaign, her team said. |
| At the same time, she is spending money quickly to build up a large campaign operation. Her campaign said it spent $5.2 million in the first quarter, leaving it with $11.2 million in cash on hand. | At the same time, she is spending money quickly to build up a large campaign operation. Her campaign said it spent $5.2 million in the first quarter, leaving it with $11.2 million in cash on hand. |
| [Check out our tracker of the 2020 Democratic candidate field.] | [Check out our tracker of the 2020 Democratic candidate field.] |
| Ms. Warren’s fund-raising at the beginning of her campaign did not impress. On Dec. 31, the day she announced her exploratory committee for president, she raised about $300,000 through the online donation-processing platform ActBlue, according to Federal Election Commission records. By contrast, Mr. O’Rourke raised $6.1 million in his first 24 hours in the race, and Mr. Sanders raised $5.9 million in his first day, according to their campaigns. | Ms. Warren’s fund-raising at the beginning of her campaign did not impress. On Dec. 31, the day she announced her exploratory committee for president, she raised about $300,000 through the online donation-processing platform ActBlue, according to Federal Election Commission records. By contrast, Mr. O’Rourke raised $6.1 million in his first 24 hours in the race, and Mr. Sanders raised $5.9 million in his first day, according to their campaigns. |
| A New York Times article detailing Ms. Warren’s early fund-raising struggles, which was published online on the last day of the first quarter, helped create an outpouring for Ms. Warren, handing her one of her best fund-raising days of the quarter, according to a Democrat familiar with her fund-raising. | A New York Times article detailing Ms. Warren’s early fund-raising struggles, which was published online on the last day of the first quarter, helped create an outpouring for Ms. Warren, handing her one of her best fund-raising days of the quarter, according to a Democrat familiar with her fund-raising. |
| Supporters of Ms. Warren feared that she was being crowded out by Mr. Sanders on the party’s left flank, but the campaign’s surge in the final week has at least temporarily allayed some of the concern. During that time, Ms. Warren’s campaign team made several dramatic pitches to its donor base, sending emails that addressed the harshest criticisms of the campaign, such as one titled “Can she really win?” in which they laid out the campaign’s overarching strategy. | |
| The emails, which track with private conversations among Ms. Warren’s senior advisers, suggest that the senator believes several things will help her break out of the Democratic pack, including an ability to do more political events because she is not devoting time to private fund-raisers, her well-praised policy rollouts and her campaign team’s focus on digital organizing. | The emails, which track with private conversations among Ms. Warren’s senior advisers, suggest that the senator believes several things will help her break out of the Democratic pack, including an ability to do more political events because she is not devoting time to private fund-raisers, her well-praised policy rollouts and her campaign team’s focus on digital organizing. |
| “The relative numbers don’t matter to me,” said John Walsh, a former chairman of the Massachusetts Democratic Party. “Who has the most money? No, that doesn’t matter. It’s, ‘Do you have enough money to run the campaign you said you’re going to run?’” | “The relative numbers don’t matter to me,” said John Walsh, a former chairman of the Massachusetts Democratic Party. “Who has the most money? No, that doesn’t matter. It’s, ‘Do you have enough money to run the campaign you said you’re going to run?’” |
| Candidates must report their fund-raising for the first quarter to the Federal Election Commission by April 15, but campaigns can announce numbers before that deadline. | Candidates must report their fund-raising for the first quarter to the Federal Election Commission by April 15, but campaigns can announce numbers before that deadline. |
| Other candidates who have disclosed their first-quarter fund-raising include Senator Amy Klobuchar of Minnesota, who said she raised more than $5.2 million, and Senator Cory Booker of New Jersey, who said he raised more than $5 million. (Ms. Klobuchar solicited donations for the general election as well as the primary, so a portion of her total cannot currently be used.) | Other candidates who have disclosed their first-quarter fund-raising include Senator Amy Klobuchar of Minnesota, who said she raised more than $5.2 million, and Senator Cory Booker of New Jersey, who said he raised more than $5 million. (Ms. Klobuchar solicited donations for the general election as well as the primary, so a portion of her total cannot currently be used.) |
| Earlier Wednesday, Ms. Warren also disclosed her 2018 tax returns, showing that she earned about $325,000 from her books last year on top of her Senate salary. | Earlier Wednesday, Ms. Warren also disclosed her 2018 tax returns, showing that she earned about $325,000 from her books last year on top of her Senate salary. |
| Ms. Warren had previously posted 10 years of her tax returns online, and she has called on her fellow presidential candidates to do the same thing. She has proposed a wide-ranging anticorruption bill that would require the disclosure of tax returns for the president, vice president and major party nominees for those offices. | Ms. Warren had previously posted 10 years of her tax returns online, and she has called on her fellow presidential candidates to do the same thing. She has proposed a wide-ranging anticorruption bill that would require the disclosure of tax returns for the president, vice president and major party nominees for those offices. |
| President Trump has refused to share his tax returns, defying tradition going back decades. The issue of his tax returns is back in the spotlight now that House Democrats have requested them. | President Trump has refused to share his tax returns, defying tradition going back decades. The issue of his tax returns is back in the spotlight now that House Democrats have requested them. |
| “I’ve put out 11 years of my tax returns because no one should ever have to guess who their elected officials are working for,” Ms. Warren said in a statement on Wednesday. “Doing this should be law.” | “I’ve put out 11 years of my tax returns because no one should ever have to guess who their elected officials are working for,” Ms. Warren said in a statement on Wednesday. “Doing this should be law.” |
| Over all, Ms. Warren and her husband, Bruce H. Mann, a professor at Harvard Law School, had an adjusted gross income of $846,394. Their federal taxes came to $230,965, for an effective federal tax rate of 27.3 percent. | Over all, Ms. Warren and her husband, Bruce H. Mann, a professor at Harvard Law School, had an adjusted gross income of $846,394. Their federal taxes came to $230,965, for an effective federal tax rate of 27.3 percent. |
| Ms. Warren’s household income would easily place her in the top 1 percent of American households, according to census data. | Ms. Warren’s household income would easily place her in the top 1 percent of American households, according to census data. |
| A rough estimate of Ms. Warren’s income from writing books had already come into public view from the financial disclosure filing that she made after entering the presidential race. That filing showed that she received a $300,000 advance for her latest book, “This Fight Is Our Fight.” | A rough estimate of Ms. Warren’s income from writing books had already come into public view from the financial disclosure filing that she made after entering the presidential race. That filing showed that she received a $300,000 advance for her latest book, “This Fight Is Our Fight.” |
| In addition to $324,687 in writing income reported on her tax return, Ms. Warren earned $176,280 from her Senate position. Mr. Mann earned $402,897 from Harvard. Ms. Warren and Mr. Mann reported donating $50,128 to charity. | In addition to $324,687 in writing income reported on her tax return, Ms. Warren earned $176,280 from her Senate position. Mr. Mann earned $402,897 from Harvard. Ms. Warren and Mr. Mann reported donating $50,128 to charity. |
| Ms. Warren is among several Democratic presidential candidates who have disclosed years of tax returns. Ms. Klobuchar, Senator Kirsten Gillibrand of New York and Gov. Jay Inslee of Washington have also done so. | Ms. Warren is among several Democratic presidential candidates who have disclosed years of tax returns. Ms. Klobuchar, Senator Kirsten Gillibrand of New York and Gov. Jay Inslee of Washington have also done so. |
| Mr. Sanders said on Tuesday that he would make public 10 years of tax returns by Tax Day on Monday. He, too, has supplemented his Senate salary with income from writing books. | Mr. Sanders said on Tuesday that he would make public 10 years of tax returns by Tax Day on Monday. He, too, has supplemented his Senate salary with income from writing books. |
| “I wrote a best-selling book,” he said. “If you write a best-selling book, you can be a millionaire, too.” | “I wrote a best-selling book,” he said. “If you write a best-selling book, you can be a millionaire, too.” |