Overview

• Major Democratic donors have paused funding, citing dissatisfaction with the party's messaging, organization, and outdated strategies.
• The 2024 election loss, including Kamala Harris's failed campaign, has left donors disillusioned and morale at a low point within the party.
• Donors feel misled by the Biden campaign's assurances of competitiveness despite concerns about his age and performance during debates.
• Some strategists predict donors will re-engage as Trump's policies become more antagonistic to progressive values, potentially before the 2026 midterms.
• Calls are growing for the Democratic Party to shift away from reliance on large donors and embrace grassroots fundraising to rebuild credibility.