High-profile Democratic contributors, including billionaires Barry Diller and Michael Bloomberg, are pulling back their financial support for the Democratic National Committee, citing what insiders describe as a growing consensus that the organization is failing to function effectively, the NY Post reports.
The DNC has struggled with internal conflict and a lack of unified leadership in the aftermath of President Trump’s defeat of Vice President Kamala Harris in the 2024 election. Disillusionment among longtime backers has led several top-tier donors to hit pause on their contributions.
“For a variety of reasons, I have no intention of donating to the DNC,” Diller told The New York Post.
In his newly released memoir Who Knew, Diller, who heads the digital conglomerate IAC, sharply criticized the Biden administration for failing to live up to its promises of restoring honor to government.
“I think the biggest crime of the Biden administration is that it came in with a pledge to restore a more civilized, selfless, and uplifting manner of governance and instead let us all down with its progressive elitism, personal ego, and cynical behavior. Such a shame,” Diller wrote.
Sources close to Bloomberg say he, too, is hesitant to contribute again to the DNC, though he hasn’t made an official statement. Other donors, including hedge fund manager Marc Lasry, are said to be similarly reluctant, with no firm commitment yet to resume giving.
Bloomberg donated $413,000 to the DNC during the 2023–24 cycle, while Diller gave $330,400 and Lasry contributed $133,400. Lasry has indicated he might donate again eventually, but he hasn’t laid out a timeline. Bloomberg’s team declined to comment.
“There is just a broad consensus that the DNC is ineffectual and not where we should be giving money,” one longtime Democratic donor said.
The donor added, “But it’s not surprising. ‘I don’t belong to an organized party, I’m a Democrat’ is a longtime joke for a reason.
“We’re so decentralized. The DNC has always been a joke. If you are a megadonor looking to shape the direction of the party, don’t give to the DNC. At this point, the shape of the DNC is just embarrassing.”
Concerns about the DNC’s solvency have escalated to the point where some insiders are questioning whether the party may soon need to borrow money. However, DNC Chairman Ken Martin has publicly dismissed the idea of resorting to loans.
A DNC spokesperson pushed back, noting that many loyal donors have already given substantial contributions this year, and touted record-breaking fundraising during Martin’s first four months as chair.
Yet another prominent donor told The Post he’s completely cut off funding to the committee, and he believes many others have quietly done the same.
“People are too embarrassed to admit this,” the source said. “I’m a lifelong Dem who raised a ton of money, and I won’t give them a nickel — and I’m not alone.
“I’m not even a Democrat anymore. The Dems should kidnap Elizabeth Warren and take her to Mexico,” the source added, referring to the progressive Massachusetts senator. “This is how Trump got [his win] — not because Trump is loved but because his ideas are popular.”
Several insiders noted that much of the party’s recent donor activity has focused on New York City’s mayoral primary, where fears are mounting among party leaders about the possibility of self-described socialist Zohran Mamdani defeating Andrew Cuomo.
The DNC’s latest campaign finance disclosures, filed last week, show that the party burned through nearly $3 million in May alone, draining its reserves to a precarious $15 million.
If Mamdani were to win, some donors worry that the party’s resources could increasingly be redirected toward socialist candidates, further alienating major contributors.
In response, the DNC rejected claims of a donor exodus and issued a statement on Friday boasting about “record fundraising” levels, which it said represent “the highest in DNC history under any chair’s first four months.”
The committee told Axios that it raised nearly $40 million between February and May 2025 — exceeding the $37 million collected under former chair Jaime Harrison over the same time frame in 2021.
But a Democratic strategist warned against repeating past mistakes. “In the early and mid 2010’s, some big-money donors already tried not funding the DNC and state parties, instead funding groups outside of the Party, which hollowed out the critical work that the Party does while putting us behind the eight-ball when it came to critical coordination during the 2016 presidential election,” the strategist said.
“We all know how that story ended — Donald Trump won the Presidency and the Democratic Party fell to an all-time low at every level of government. The Democratic Party needs a fully-funded Party to fight Donald Trump.”
Meanwhile, the Republican National Committee reported a healthy boost in its May finances, with more than $5 million in net positive cash flow. Its war chest now exceeds $72 million, giving the GOP nearly five times the cash reserves of the DNC.
Longtime Republican donor and Home Depot co-founder Ken Langone reportedly celebrated the news. “We don’t have to worry as the GOP party because the Dem positions are so stupid they’ll never raise money again,” Langone told friends, according to sources.
{Matzav.com}
Shame on every Jew who supports Jew hating democrats who constantly side with our enemies they should lose their money and their influence