With $310 million raised in July, the Harris campaign claims to have doubled Trump's total.

The presidential campaign of Vice President Kamala Harris reported that it raised an incredible $310 million in July, more than twice as much as her Republican opponent did the previous month. With $377 million in cash on hand, this is the latest indication of how revolutionary and energizing the shift to the top of the Democratic ticket has been among both high-end and grassroots supporters.

The campaign noted in a statement that the majority of the $310 million haul—more than $200 million—was raised in the first week of Harris' candidacy, with two-thirds of the money coming from new supporters.

On July 21, President Joe Biden declared he would not run for reelection. That same afternoon, he endorsed Harris. In just one night, Harris was able to garner enough delegates' endorsements to clinch the nomination the next night by quickly uniting the party.

Democratic funders had shown serious doubts about President Biden's candidacy prior to his decision to resign, withholding large checks and canceling scheduled fundraising activities.

The former president Donald Trump's fundraising for July more than doubled this month, according to the impressive reversal in July data. The Trump campaign revealed on Thursday that it has raised $138.7 million in July, with $327 million in cash on hand.

Nevertheless, Trump had a successful fundraising month in July, which also saw him introduce Ohio Senator JD Vance as his running mate, accept his party's nomination at the Republican National Convention, and stave off an assassination attempt.

Democrats have outraised Trump's team for the second month in a row with their July haul, and the influx of cash allowed Democratic fundraising to surpass $1 billion, the quickest in presidential history, according to Harris' team.

With 94% of donations falling under $200, the Harris campaign claimed that July was the "best grassroots fundraising month in presidential history."

For a candidate who will create history in November, this is a historic victory. The incredible amount of support that the Harris coalition has received in a short period of time indicates that it is organized, expanding, and prepared to work hard to defeat Trump in November, according to a statement released by Julie Chavez Rodriguez, the campaign manager for Harris. She also stated that the funds raised by the campaign "will be directed toward the work that wins close elections."

The campaign also emphasized several significant demographic trends it observed in July's donation data: more than ten times as many Gen Z donors as in June, and over eight times as many millennial donors as in June. Women made up 60% of contributors, according to the campaign. Additionally, the campaign said that organizations "like Black Women for Harris, Latinas for Harris, and yes, White Dudes for Harris raised more than $20 million for Team Harris" on recent organizing Zoom calls hosted by a number of coalition groups.

In battleground states, Harris' team has more than 1,400 coordinated campaign staff members and more than 260 coordinated campaign offices, according to the statement.

Although the amount of money raised by Harris's July campaign is less than the record high of $383 million raised by the Democratic Party and Biden's campaign in September 2020, it still shows how dramatically her unexpected candidacy altered the party's financial trajectory.

Harris's next task is to continue the incredible rate of fundraising.

The $200 million that Harris raised in her first week of running for office is "unprecedented amounts to be raising in such a short timeframe," according to Brendan Glavin, deputy research director at OpenSecrets, a website that analyzes political money. According to him, the campaign needs to keep up its pace and persuade supporters to donate into the fall, when fundraising usually peaks.