Campaign finance update: Top fundraisers in Virginia

Campaign finance requirements govern the raising and spending of money for political campaigns. While not the only factor in an election’s outcome, successful fundraising can provide a candidate with advantages, such as the ability to boost name recognition and promote a message. In addition, fundraising can indicate enthusiasm for candidates and parties.

This article lists the top individual fundraisers in Virginia by their party affiliation as well as the top ten fundraisers overall. It is based on campaign finance reports that active Virginia candidate political action committees (candidate PACs) submitted to the Virginia Department of Elections. It includes activity between Jan. 1, 2021, and June 30, 2021. Candidate PACs represent individuals who have run for state or local office at any point, including past and present officeholders. This article does not include non-candidate PACs.

Top Virginia Fundraisers

The top fundraisers in Virginia elections are shown below. For the purpose of this article, fundraisers may include individuals who are on the ballot this election cycle as well as those not currently running for office but who have received contributions during this reporting period. Individuals are listed with the office that they held at the time of publication, if applicable.

In the Democratic party, the top fundraisers in the most recent semiannual reporting period were:

In the Republican party, the top fundraisers in the most recent semiannual reporting period were:

Fundraising Totals

Overall, the top Virginia Democratic candidate PACs raised $23.43 million in this period. The top Republican candidate PACs raised $12.22 million. Virginia candidate PACs in the Jan. 1, 2021, through June 30, 2021, filing period raised a total of $67.51 million. Combined, these Virginia candidates account for 53% of total fundraising.

Contributions to the top five Democratic candidates made up 54% of the total amount reported by their party’s campaigns. Contributions to the top five Republican fundraisers comprised 59% of the total amount reported by Republican campaigns.

The table below provides additional data from the campaign finance reports from the top ten fundraisers. For more information on fundraising and spending for Virginia races on the 2022 ballot, click here.

NameParty AffiliationRaised this periodSpent this period
Terry McAuliffeDemocratic Party$14,533,842$10,861,811
Glenn YoungkinRepublican Party$7,559,517$16,651,994
Jennifer D. Carroll FoyDemocratic Party$3,165,715$4,038,851
Mark HerringDemocratic Party$2,470,520$2,240,487
Jennifer McClellanDemocratic Party$1,900,651$1,592,850
Pete SnyderRepublican Party$1,836,891$7,423,876
S. RasoulDemocratic Party$1,363,459$1,836,946
Jerrauld JonesDemocratic Party$1,303,124$1,942,452
Hala AyalaDemocratic Party$1,142,895$847,828
Kirk CoxRepublican Party$1,093,890$1,725,601

Campaign Finance Reporting Periods

The reports filed with the Virginia Department of Elections cover Jan. 1, 2021, through June 30, 2021. Candidate PACs in Virginia must file semiannual financial reports of their fundraising and campaign spending. During election years, candidate PACs also file additional financial reports before primary and general elections.

The next semiannual campaign finance reporting deadline for Virginia legislators and candidates will include activity between July 1, 2021, and Dec. 31, 2021.

This article was published in partnership with Transparency USA. Click here to learn more about that partnership.