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Benzinga
  • 2 days ago
ActBlue raised $568M in Q1, a 50% increase from the same period during the 2022 midterms, including $391M for federal candidates and $119M for state and local races. The platform reported 15M contributions from 686,000 new donors at an average of $38. The announcement comes as congressional Republicans and the DOJ investigate whether ActBlue is blocking foreign donations.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02ActBlue said it raised $568 million in the first quarter,
00:07a 50% increase from the same period during the 2022 midterms, according to CNBC.
00:13The platform, which helps Democratic candidates raise small-dollar donations,
00:17also raised $58 million for charities and civic organizations.
00:21The total included $391 million for federal candidates
00:26and $119 million for state and local candidates.
00:30ActBlue reported 15 million contributions,
00:32including 686,000 new donors, with an average donation of $38.
00:38The announcement comes ahead of its March filing.
00:41The totals come as congressional Republicans,
00:44and the Justice Department investigate whether the platform is preventing foreign donations.
00:49ActBlue said it has safeguards in place to prevent fraud
00:52and meet federal election commission requirements.
00:54For all things money, visit Benzinga.com.
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