page_title: Andrew Yang
section_title: Fundraising
hierarchical_section_title: Andrew Yang / 2020 presidential campaign / Fundraising
caption_attribution_description: Andrew Yang speaking with attendees at a fundraiser hosted by the Iowa Asian and Latino Coalition at Jasper Winery in Des Moines, Iowa. Please attribute to Gage Skidmore if used elsewhere.
context_page_description: Andrew M. Yang is an American entrepreneur and former presidential candidate. Originally a corporate lawyer, Yang began working in startups and early stage growth companies as a founder or executive from 2000 to 2009. In 2011, he founded Venture for America, a nonprofit organization focused on creating jobs in cities struggling to recover from the Great Recession. He then ran as a candidate in the 2020 Democratic presidential primaries.
  The son of immigrants from Taiwan, Yang was raised in New York. He attended Brown University and then Columbia Law School. Dissatisfied with his work as an attorney, Yang began working for startups during the dot-com bubble before spending a decade as an executive at test preparation company Manhattan Prep. In 2011, Yang founded VFA, which recruits top college graduates into a two-year fellowship program at startups in developing cities across the United States. The Obama administration selected him in 2011 as a "Champion of Change" and in 2015 as a "Presidential Ambassador for Global Entrepreneurship." Yang left VFA in 2017 to focus on his presidential campaign.
context_section_description: On March 11, 2019, Yang announced that he surpassed the fundraising threshold of 65,000 donors, qualifying him to participate in the first round of Democratic primary debates. On June 28, he announced that he reached 130,000 donors, which met the fundraising criterion for the third round of debates.
  In the first quarter of 2019, Yang raised $1.7 million, of which more than $250,000 came from "the last four days of the quarter." According to Yang's campaign, "the average donation was $17.92" and "99% of the donations were less than $200." In the second quarter, Yang raised $2.8 million. The campaign stated that 99.6% "of its donors were small-dollar donors [who] gave less than $200." On August 13, 2019, Yang's third-quarter fundraising reached $2.8 million, matching his total second-quarter fundraising. On August 15, he reached 200,000 unique donors. On August 17, Yang announced that among his campaign donors, "the most common jobs are software engineers, teachers, drivers, retail workers and warehouse workers" and the "biggest employer is the US Army." On September 1, he announced that the average donation was $25, and that the campaign had received no corporate political action committee (PAC) money. In the 72 hours after the third debate, Yang's campaign raised $1 million, suggesting that it "is on track to raise significantly more in the third quarter" than in the second quarter, according to Politico.
  In the third quarter, Yang's campaign raised $10 million, representing a 257% quarterly increase—the largest growth rate among the fundraising numbers of all candidates. The average donation was around $30, and 99% of the donations were $200 or less.
  In the fourth quarter, Yang's campaign raised $16.5 million. During his entire 2020 campaign, he received donations from about 400,000 unique donors, with 75% of donations coming from "small dollar" donors who gave $200 or less.
caption: Yang speaks with attendees at a fundraiser hosted by the Iowa Asian and Latino Coalition at Jasper Winery in Des Moines, Iowa.
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