Second Quarter 2003 Campaign Finances - Summary
April 1-June 30, 2003
The Bush campaign raised more than the campaigns of all his Democratic challengers combined ($34.4 million plus $671,000 transferred).  Among the Democratic candidates, former Gov. Howard Dean came out well ahead of the pack ($7.6 million), in part due to a closing push that tapped into the Internet.  Next were Sen. John Kerry ($5.9 million), Sen. Joe Lieberman ($5.1 million), Sen. John Edwards ($4.5 million), Rep. Dick Gephardt ($3.8 million), Sen. Bob Graham ($2.0 million), and Rep. Dennis Kucinich ($1.5 million).  Amb. Carol Moseley Braun and Rev. Al Sharpton each raised significantly less than $1 million.

In terms of cash on hand, Pres. Bush finished with $32.6 million, more than three times the amount held by the closest Democrat.  Sen. Kerry reported $10.8 million, followed by Sen. Edwards ($8.1 million), Gov. Dean ($6.4 million), Rep. Gephardt ($6.2 million), Sen. Lieberman ($4.0 million), Sen. Graham ($1.8 million). and Rep. Kucinich ($1.1 million).

See also: Center for Responsive Politics' 7/16/03 release on 2nd Quarter Reports 
Second Quarter 2003 Campaign Finances - Summary
Cash On Hand
(at beginning of reporting period
Total Receipts
Total Disbursements
Cash On Hand
(at end of reporting period)
Bush-Cheney '04
Dean for America
Edwards for President, Inc.
Gephardt for President Inc.
Bob Graham for President Inc
John Kerry for President Inc
Kucinich for President Committee
Joe Lieberman for President, Inc.
Carol Moseley Braun for President
Sharpton 2004
$118,906.32 $12,061.94
Debts+Obligations is the net figure (i.e. Debts and Obligations Owed By the Committee - Debts and Obligations Owed To the Committee).

*Bush's 2nd Quarter total of $35.1 million includes $671,000 transferred from three Bush 2000 campaign committees.
**Graham's 2nd Quarter total of $2.0 million includes $150,000 transferred from his Senate committee.

Bush: The Bush-Cheney '04 fundraising operation started off in impressive fashion, raising $34.4 million from more than 105,000 donors.  The campaign sent out a fundraising letter dated May 16 to more than a million people and to others over the Internet.  President Bush did seven events over a two-week period in late June that raised about $18.1 million.  The campaign continued the bundling technique it used in 2000, where a top group of friends and supporters sell tickets to fundraising events.  "Rangers" raise $200,000 or more and "Pioneers" raise $100,000 or more; the campaign  reported 18 Rangers and 50 Pioneers in the second quarter.  Over 200 PACs from A (Advanced Medical Technology Association) to W (Winstead Sechrest & Minick P.C.) and 33 campaign committees contributed a total of $773,550.  According to the campaign, contributions came from 84 percent of America's counties.  According to the Center for Responsive Politics, top states for Bush were California $4.2 million (14%), Texas $4.2 million (14%), New York $3.1 million (10%) and Florida ($3.0 million (10%). 

Dean: The Dean campaign reported a dramatic increase upon its first quarter receipts and the highest quarterly intake for a Democratic candidate yet in this cycle, $7.6 million.  Of this sum, the campaign raised about $3.6 million online, including "nearly $3 million raised online in the the last week alone."  A baseball bat thermometer graphic on the campaign's website proved very effective, allowing visitors to monitor fundraising progress during the closing days of the quarter.  Particularly impressive was the final day of the quarter, June 30.  The campaign posted half-hourly updates on its website; the steadily growing sense of excitement resulted in online contributions of about $800,000 on the day.  During the quarter 45,030 people donated online a total of 51,474 times, and the average donation online was $74.14.  All told 73,226 donors contributed in the second quarter, including over 62,000 for the first time.  The campaign is third among the Democrats in cash on hand behind Kerry and Edwards; however it notes that just a tiny percentage of its donors have maxed out. 

Edwards: Edwards' second quarter intake of $4.5 million marked a significant tailing off from his leading first quarter total of $7.4 million, placing him fourth among the Democratic field.  The campaign highlighted the positive in its July 15 press release: "Edwards number two in total raised and cash on hand."

Gephardt: Gephardt's disappointing take of $3.8 million, well below the campaign's target of $5 million, was one of the major themes to emerge from the second quarter reports.  Responding to a reporter's question after the Human Rights Campaign's presidential forum on July 15, Gephardt stated, "First of all, we're on course.  We are raising the amount that we set out to raise.  Our budget has always been $20 million this year and we're roughly very close to half way to that goal.  We've raised 9.8 or 9.9 million so that's pretty good for political work.  And I'm convinced that we're going to raise what we need in the next six months.  Look, you never raise what you want to raise.  We fell a little short of our expectations in what we wanted to raise, but we've fixed some of the concerns that we've had with the operation and we're going to do better."  The headline on USA Today 's July 16 article by Jill Lawrence read "'Wake-up call': Gephardt fundraising comes in light" and the bank headline of the Washington Post's article said "Weak Performance of Gephardt Is a Surprise."  The $3.8 million included $132,966.24 from 58 PACs and campaign committees.

Graham: The campaign raised a relatively unremarkable $2.0 million, a figure which includes $150,000 transferred from Graham's Senate committee.  Graham is lagging significantly behind the major Democrats in terms of cash on hand.

Kerry: The money line from the Kerry campaign's press release its second quarter fundraising is: "The Kerry campaign has banked $10,862,059, a sum unprecedented for any Democratic candidate at this stage of a presidential campaign.  The release notes that at the same time in the 2000 primary, Al Gore had $9.4 million in cash on hand and Bill Bradley had $6.0 million. 

Kucinich: According to the campaign, the average donation for the quarter was $77.  More than $1 million of the $1.54 million the campaign raised in the quarter were from credit card donations through the Internet.  Roughly half of the $1.54 million for the quarter came in in the last two weeks; the campaign cited "growing momentum and a topnotch Internet operation." 

Lieberman: The Lieberman campaign, which at $5.1 million finished third among Democratic candidates for money raised in the quarter, emphasized the significant improvement upon its first quarter showing "a more than 70% increase over its first quarter intake of $3 million."  However this was overshadowed by the shakeup in the campaign's finance department in which finance director Shari Yost resigned the day before release of the numbers.  Also, the $4.0 million in cash on hand placed the campaign fifth among the Democrats.

Moseley Braun: Raising just $144,658.24 in the quarter, the campaign finished with a scant $22,126.80 in cash on hand and $77,900.33 in debts and obligations.

Sharpton: Speaking to reporters after the Human Rights Campaign's presidential forum on July 15, Sharpton stated, "What we wanted to do was really build and revive a network for people-raising.  I said that all along.  So I think we're going to have our first large fundraiser at the end of this month.  But we didn't have a fundraiser the last quarter.  Whatever we raised people you know wrote and gave to us; there was no concerted effort on my part."

Copyright © 2003  Eric M. Appleman/Democracy in Action.