Fundraising for Republican Senate candidates slows in first three months of 2022
CLEVELAND, Ohio — Fundraising slowed for many Republican candidates for the U.S. Senate in the first quarter of 2022, according to documents filed by the Federal Election Commission.
None of the contestants have raised more than $1 million on their own, either relying on joint fundraising accounts or pouring their own money into the race. Reports include contributions from the beginning of the year through Friday.
Author and venture capitalist JD Vance, who received an endorsement from former Republican President Donald Trump on Friday, raised just $35,000 for his campaign committee but added another $369,000 from his committee joint fundraiser, Ohioans for JD. Ohio People for JD raised $632,000 in total this quarter.
Vance also loaned himself an additional $600,000.
Vance hasn’t spent much, instead relying on the $10 million Peter Thiel, a former Facebook board member and Silicon Valley venture capitalist, invested in an action committee. politician who has been spending heavily on his behalf for months. Vance’s expenses for the quarter were just $353,000.
After entering the quarter with about $1 million in cash, Vance ended the reporting period with $1.6 million in his campaign war chest.
As she has done in multiple reporting periods, former Ohio Republican Party Chairwoman Jane Timken raised the most individual contributions with $620,000. Nearly $594,000 of that amount came from donors who gave more than $200. Timken raised an additional $40,000 from PACs and $150,000 through authorized transfers, such as those from its joint fundraising committee, bringing its total to approximately $809,000 for the first quarter of the year.
Timken’s joint fundraising committee raised $259,000, though that money was split between his campaign, his PAC, and the Stark County Republican Party.
Timken entered Friday with more than $3.6 million in cash. After spending nearly $3 million, she enters the final days of the primary with about $1.5 million in cash.
Timken recorded a $5,000 donation from Rep. Elise Stefanik, a New York Republican who replaced Rep. Liz Cheney of Wyoming as Republican conference chair. Cheney was ousted at the request of former President Donald Trump after Cheney voted to impeach Trump for his role in the Jan. 6 riot on Capitol Hill.
Timken has been dogged by her past support of another Republican who voted to impeach Trump, Anthony Gonzalez of Rocky River. Initially, Timken said she supported Gonzalez and believed he had a good reason to vote the way he did before reversing that position once she decided to run for the Senate seat.
Also supporting Timken were the senses. Shelley Moore Capito of West Virginia and Deb Fischer of Nebraska, who both contributed $5,000 through their political action committees. Portman, who backed Timken in February, also donated $14,000 through his official campaign and PAC.
Despite his rise in the polls, Gibbons had a meager fundraising quarter, taking in about $262,000 in contributions. Only $112,000 of these came from individuals, with Gibbons giving himself $150,000 as an in-kind contribution to rent an RV.
On top of that, Gibbons loaned his campaign $5 million in March, bringing his grand total of personal loans this cycle to more than $16.4 million.
Gibbons entered the reporting period with approximately $6.4 million in cash and after spending nearly $8.4 million, ended the quarter with $3.3 million by May 3.
Former Treasurer Josh Mandel raised more than $163,000 from individuals and $20,000 from PACs. He transferred about $330,000 from his joint fundraising committee, bringing his total raised to about $519,000.
Mandel hauled around $6 million from the previous reporting period and, after spending around $3.7 million, ended the reporting period with around $2.8 million in cash.
Team Josh, Mandel’s joint fundraising committee with his PAC and the Shelby County Republican Party, had not filed a quarterly report as of 1 a.m. Saturday. A spokesperson for Mandel said the committee raised just under $1.2 million, although not all of that money will go to Mandel.
State Senator Matt Dolan, a Republican from Chagrin Falls, raised about $225,000. He entered the quarter with approximately $10.4 million in cash. After spending more than $6 million, he finished the qualifying period with $4.6 million heading into the primary.
Dolan has registered at least one Senate fan: Bill Cassidy of Louisiana donated $5,000 through his PAC.
Cleveland businessman Bernie Moreno, who dropped out of the race in February, has returned about $1.1 million in campaign contributions. He loaned himself an additional $31,495 to bring the grand total he loaned himself to nearly $3.8 million. He has not repaid any of the loans to himself from his campaign account.
Moreno ended the reporting period with around $5,500 in cash.
The individual contributions of the top five remaining Republican Senate candidates, including those of their joint fundraising committees, totaled approximately $3.4 million. That was less than the nearly $4 million Democratic Rep. Tim Ryan, the frontrunner for the Democratic nomination, raised in individual contributions.