Robert F. Kennedy Jr.’s campaign has depended heavily on contributions from Nicole Shanahan, his vice-presidential pick, who did not make major new donations in May.
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Robert F. Kennedy Jr. ended May with $6.4 million on hand.
Robert F. Kennedy Jr.’s presidential campaign raised just $2.6 million in May, a paltry sum that speaks to how reliant his bid has become on his running mate, the wealthy Silicon Valley lawyer Nicole Shanahan.
The Kennedy campaign raised less in May than it had in any previous month in 2024, according to filings on Wednesday with the Federal Election Commission. That was in large part because Ms. Shanahan, who has poured millions into their independent presidential campaign, barely contributed any additional money in May.
The total raised by Mr. Kennedy was essentially the same as what he raised in April, not counting Ms. Shanahan: He brought in $10.7 million that month, but $8 million came from her. Earlier, when he announced her as his running mate in March, she almost immediately threw $2 million behind the campaign.
Mr. Kennedy ended May with $6.4 million on hand. And yet that figure is only somewhat revealing about his financial position because of the looming possibility that Ms. Shanahan, at a moment’s notice, could inject more money into their bid. She has been able to do so directly because while campaign finance laws bar people from donating more than $3,300 to a campaign, candidates themselves can give unlimited sums of their own money.
And Ms. Shanahan, a philanthropist who was once married to the Google co-founder Sergey Brin, is said to have access to over $1 billion. She has not signaled if there is a limit to how much she might spend.
Mr. Kennedy and his allies have some unique costs associated with their campaign — primarily ballot-access work that can be expensive.
His campaign spent about $6.3 million in May, but almost half of that was routed through a limited liability company that focuses on ballot access. The money laid out was labeled “campaign consulting,” making his precise expenditures somewhat opaque.
Theodore Schleifer writes about campaign finance and the influence of billionaires in American politics. More about Theodore Schleifer
See more on: Robert F. Kennedy Jr., 2024 Elections, Federal Election Commission
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Source: nytimes.com
