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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Leadership

Here’s How Much Hillary Clinton’s and Donald Trump’s Campaigns Have in the Bank

By
Michelle Toh
Michelle Toh
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By
Michelle Toh
Michelle Toh
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August 22, 2016, 6:16 AM ET
Presidential Candidate Hillary Clinton Holds Campaign Event
Hillary Clinton, former Secretary of State and 2016 Democratic presidential candidate, center, greets supporters during a campaign event in Manchester, New Hampshire, U.S., on Wednesday, Feb. 3, 2016. Clinton tried to reassure Democrats she's still best positioned to win in November after her razor-thin victory over Bernie Sanders in Iowa only served to boost the challenger's fundraising and momentum heading into the New Hampshire primary. Photographer: Scott Eisen/Bloomberg via Getty ImagesScott Eisen — Bloomberg via Getty Images
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Hillary Clinton’s Democratic presidential campaign ended last month with more cash on hand than that of Republican nominee Donald Trump, according to reports.

Monthly finance reports filed on Saturday showed that the former secretary of state’s campaign pulled in $63 million in July, while Trump’s campaign raised $36.7 million, according to The Wall Street Journal.

But it is the strongest month of the New York billionaire’s campaign, according to NPR. $2 million was from Trump himself in a contribution-matching program.

Clinton’s campaign closed out the month with $58.5 million in the bank, while Trump’s campaign reported nearly exactly $20 million less, NPR reported.

See also: The Clinton Foundation Will Stop Accepting Foreign Donations If Hillary Wins

Looking at the candidates’ broader war chests–including their campaigns, joint accounts, and external super PACs–Clinton’s collective camp ended the month with $140 million on hand, compared to Trump’s collective camp’s $78 million on hand, according to an analysis by the Journal.

 

Clinton’s campaign is officially halfway to its goal of raising $1 billion, her financial director told staff last week, according to The Associated Press. The team has been remarkably quiet about its lofty fundraising goals, in light of this season’s overwhelming voter resentment toward Wall Street and the political elite.

See also: Why Millennials Don’t Like Donald Trump or Hillary Clinton

Helping push Clinton’s strong numbers are two joint accounts with the Democratic Party and her super PAC, Priorities USA, which brought in $26 million and $11.9 million respectively, according to reports.

Trump’s main super PAC, Rebuilding America Now, was not scheduled to file numbers this weekend, CNN reported, but its main strategist days ago apparently indicated a successful funding round of at least $10 million.

See also: Read the Full Transcript of Donald Trump’s Economic Speech

Another super PAC for the real estate magnate, Great America, has raised about $2.4 million in August so far, according to the network.

Expenditures by the candidates’ campaigns, however, show Clinton spending $16 million more than Trump in July–with her at $34.5 million and him at $18.5 million.

The Democratic nominee is known for having built a heavy groundwork across the country, keeping a staff “of about 700 for months,” according to the AP. Trump, on the other hand, has managed a much leaner operation of about 70 employees.

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