FOR IMMEDIATE RELEASE:
Wednesday, February 26, 2020
CONTACT: Liz Doherty
Dan Forest Puts Up Abysmal Q1 Fundraising Numbers, Continues to Burn Through Cash
The numbers: 144% Burn Rate. 403K raised. 582K Spent. COH: ~750K.
Cooper Outraising Forest 16:1
RALEIGH – In his Q1 fundraising report, Dan Forest managed to up his burn rate from 107% at the end of the year to 144% with just six days left until primary day.
The report indicates Forest raised about $400,000 and spent about $580,000. That brings his burn rate up to nearly 150% for Q1 and tanks his cash on hand total to about $750,000.
Cooper for NC raised $1.7 million in Q1, raising its cash on hand total to nearly $9.6 million and outraising Forest’s campaign 16:1.
A few items from Forest’s report might raise some eyebrows…
- $18,000 to SR22T LLC for “Plane Lease”
- $2,179 on ornaments
- $317.86 on an “Emergency Sport Coat” from Brooks Brothers
- $154,661.54 in yard sign related expenses
Liz Doherty, communications director for Cooper for North Carolina said, “Our campaign has support from North Carolinians from every part of this state and it’s clear we are only gaining momentum. We’re grateful to have so much grassroots energy behind us and behind the Governor. And you can bet that we are going to continue to hit the ground running post-primary.”
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