When candidates end campaigns, what happens to leftover donations? - Business Insider

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When a potential presidential candidate withdraws from the race, what happens to the leftover money donated to their campaign? (via ConversationUS)

Candidates whose campaigns have ended but who are still handling outstanding expenses need to keepwith the FEC. Once those expenses are paid, there may not be much left.

At times, candidates need to keep fundraising after they drop out, just to pay off the bills they ran up while running. Six months after they dropped out of the 2012 presidential nomination race, failed Republican candidates Newt Gingrich and Rick Santorum were still working to pay off their campaign debts. Former presidential candidates Rudy Giuliani, Dennis Kucinich, and John EdwardsCory Booker can use money left over from his presidential campaign to run for reelection to the Senate.

For some politicians, the most likely use is to help pay for their next campaign. Booker, for instance, is up for reelection to his Senate seat. Once his presidential campaign has paid off any debts it may owe, he canIf he, or any other candidate, wants to run for president again in the future, it's easy enough to transfer the funds to a committee for the 2024 campaign season.

 

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