Ryan raises $9.1M for Senate campaign
U.S. Rep. Tim Ryan’s Senate campaign in the second quarter raised $9.1 million, which is more than double the previous fundraising record for a Senate candidate in Ohio and one he set in the prior quarter.
“There should be no doubt who has the momentum in Ohio’s U.S. Senate race,” said Jordan Fuja, a Ryan campaign spokeswoman. “While J.D. Vance relies on Big Tech billionaires to prop up his campaign, we’re proud to have grassroots support from Ohioans in all 88 counties who know Tim is the only candidate who will fight for them in the Senate.”
Vance, the Republican nominee for Senate, hasn’t announced his second quarter fundraising totals. Senate candidates have until 11:59 p.m. July 15 to file those reports with the Federal Election Commission.
Vance’s campaign declined to comment Friday.
Ryan’s campaign reported Friday that 89,975 new donors contributed in the second quarter with an average contribution just more than $37. More than 97 percent of the contributions were $100 or less.
It continues a trend for the Howland Democrat of raising more money in each quarter of his campaign than the previous one.
In the first quarter of this year, Ryan, a 10-term House member, raised $4.1 million, which was the previous quarterly record for a Senate candidate in Ohio.
Ryan raised $8.5 million from donors in 2021, including $2.9 million in the fourth quarter and $2.5 million in the third quarter.
To put the amount raised between April and June in perspective, Ryan raised more money in those three quarters than he did in all of 2021 — and that’s without putting any contributions from the candidate.
But while Ryan has raised a lot, he’s also spent a lot.
His campaign reported he had about $3.56 million in his fund as of June 30. Ryan had $5.18 million in the fund as of April 13.
Ryan has continued to run television commercials, which are expensive, throughout the state even after the May 2 primary while there have been none for Vance.
During the Republican primary, Vance trailed four other GOP Senate candidates in fundraising.
As of April 13, he had raised $2.5 million, while Mike Gibbons had raised $17.7 million and Matt Dolan had raised $11.2 million.
Gibbons and Dolan ran largely self-funded campaigns against Vance, who picked up momentum a few weeks before the May 2 primary when he received the endorsement of former President Donald Trump. Vance gave $700,000 from his personal wealth to his campaign as of April 13.
Also, Vance hasn’t had to worry about fundraising as Protect Ohio Values, a super political action committee that backed him, boosted his efforts.
PayPal co-founder Peter Thiel, Vance’s former boss, gave $15 million to the super PAC during the primary. It is the largest amount ever given to help any Senate candidate in history.
Throughout the campaign, Ryan has raised more money than any other candidate besides Gibbons, who used his personal wealth for a fourth-place finish in the Republican primary.
Ryan’s fundraising announcement comes on the heels of his campaign releasing a poll showing a statistical dead heat for the Senate seat with Vance.
The poll, done by Impact Research, shows Ryan with 48 percent support compared to 46 percent for Vance and 6 percent undecided. The poll has a 3.4 percent margin of error.