Trump's midterm election funding reserves increased to $550 million, with Marc Andreessen and Ben Horowitz each donating $3 million in March

With time still remaining until the U.S. midterm elections, Trump's super PAC raised $35.6 million in March, bringing its campaign fund reserves to $550 million, setting a record for presidential midterm election cycles. It is attempting to maintain the Republican majority in Congress amid a tough election battle.

According to Federal Election Commission documents, long-time Republican donor Diane Hendricks—who spoke at the Republican National Convention in 2024—contributed the majority of this month's fundraising, donating $25 million. Venture capitalists Marc Andreessen and Ben Horowitz each donated $3 million. The California-based tribal organization Yocha Dehe Wintun Nation donated $2 million. A subsidiary of prison operator GEO Group Inc. (a federal contractor whose clients include Immigration and Customs Enforcement) donated $1 million.

As a large influx of funds arrives, polls show that Trump's voter coalition for 2024 is fracturing. Historically, the party in power at the White House tends to lose House seats in midterm elections, and Democrats are increasingly seeing a path to reclaim the Senate.