Home >> 2020 Election News >> Hours After News Breaks That Biden Is Fourth For Funding, Top Biden Donors Gather For Closed-Door Meetings

Hours After News Breaks That Biden Is Fourth For Funding, Top Biden Donors Gather For Closed-Door Meetings

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Former Vice President Joe Biden’s donors gathered for closed-door meetings hours after the 2020 Democratic presidential candidate found himself in fourth place for campaign funding.

Top Biden donors gathered Friday and Saturday in Philadelphia after news broke that Democratic presidential candidates Sens. Elizabeth Warren of Massachusetts and Bernie Sanders of Vermont and South Bend, Indiana, Mayor Pete Buttigieg outraised Biden during the third quarter, The New York Times reported.

Biden raised $15.2 million in the third quarter; however, Sanders raised $25.3 million, Warren raised $24.6 million and Buttigieg raised $19.1 million.

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Several dozen donors gathered at the first donor retreat since Biden announced his candidacy, a retreat where they toured Biden’s Philadelphia home, drank cocktails, and were briefed on strategy, the Times reported. Biden spoke to the donors for about 45 minutes Saturday, people there said. No reporters were allowed in Saturday’s closed-door meetings.

Donors told the Times they feel a sense of burden and responsibility — and that if Biden wishes to outfund Warren and Sanders, donors must shoulder the burden.

“All of us realize that Joe Biden does not have the online fund-raising capability of a Warren. Warren has been doing it longer than him. Sanders has been doing it longer than him,” South Carolina supporter Dick Harpootlian told the Times.

“We need him to get the nomination because he’s the one who can win,” said former U.S. Ambassador to Belgium Denise Bauer. “We are all going to try to raise every single dollar we can.”

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Warren was the most discussed opponent at the retreat, attendees also told the Times. Biden strategists told the assembled donors that Warren will probably face increased scrutiny as she rises in the polls.

Biden has not yet disclosed how many donations his campaign has received, but Warren and Sanders revealed they have received 940,000 and 1.4 million donations, respectively, in the last three months.

Warren and Sanders reportedly refuse to host fundraising events such as the Biden campaign’s weekend retreat and instead have successfully sought to attract donors online.

Meanwhile, the Biden campaign cut back in August on digital spending, the Times reported.

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