The majority of the money raised in 2019 came in the latter half of the year, particularly in the final two months, largely spurred by the House Democrats’ impeachment inquiry, officials said.
“The enthusiasm among our donors is higher than I’ve ever seen it before, and I’ve been at this for a decade now,” said Steven Law, president and chief executive of Senate Leadership Fund, the super PAC aligned with McConnell and Senate Republicans.
Donors were especially fired up after a November event held by the super PAC at the Trump International Hotel in Washington that featured President Trump, who highlighted the records of GOP senators up for reelection in 2020, Law said.
The super PAC and its affiliated politically active nonprofit organizations can raise and spend unlimited amounts of money, and traditionally they have enjoyed support from some of the Republican Party’s biggest donors.
Donors recognize that the Senate is “the place that ultimately holds the line, whether it’s against impeachment, against what our donors see as far-left proposals emanating from the presidential field, against whatever the current House majority pushes out,” Law said. Impeachment is “just one more instance when the Senate’s ultimate firewall role comes into focus,” he said.
There are currently four toss-up Senate races for 2020, according to the Cook Political Report. In three of those states, Republicans are defending their Senate seats: Sens. Martha McSally (Ariz.), Cory Gardner (Colo.) and Susan Collins (Maine).
Sen. Doug Jones, who represents Alabama, is the only Democrat seeking reelection in a toss-up race.
Senate Democratic groups have raised enormous sums in recent years, particularly in the 2018 midterms, and some of the 2020 Senate Democratic challengers have already posted strong figures.
Among them is former astronaut Mark Kelly of Arizona, who reported raising $6.3 million in the final three months of 2019, compared with incumbent McSally, who reported raising more than $4 million.
Independent big-money groups are already running ads for the key 2020 Senate races. The pro-Senate Democratic super PAC Senate Majority PAC and affiliated nonprofit Majority Forward began airing ads late last year, and the Senate Leadership Fund has been running ads, too.
The majority of the cash on hand heading into 2020 among the pro-Senate GOP groups was held by Senate Leadership Fund ($30.8 million) and an affiliated nonprofit organization, One Nation ($35.5 million), officials said.
The vast majority of the total amount raised in 2019 came through two of the four groups: One Nation ($48.3 million) and Senate Leadership Fund ($27.3 million, which includes $7.6 million transferred from One Nation), officials said. The other affiliated groups are American Crossroads, a super PAC, and Crossroads GPS, a nonprofit.
Money raised by One Nation and other politically active nonprofit groups will not be made public until after the 2020 elections, and they are not required to reveal their donors. The official 2019 fundraising figures by the campaigns and super PACs will be made public on Jan. 31, the last day to submit year-end records with the Federal Election Commission.
The big-money groups aligned with Senate Democrats have not yet released their tally ahead of the FEC filing deadline.