I'm just wondering what happened with hundreds of millions Bernie Sanders raised in 2016. Did he give to the DNC?
According to the FEC the Sander 2016 campaign raised 237.7 million and disbursed 233.0 million, leaving 4.7 million cash on hand as of Dec 2018.
I can't imagine that he gave it to the DNC, as Sanders is not a Democrat.
According to Investopedia funds remaining at the conclusion of a campaign are:
The contributions can be used in the following ways:
- Donations to charities, as long as the candidate doesn’t receive compensation from the organizations and the donation is not used by the charity to benefit the candidate.
- A donation of a maximum of $2000 to another presidential candidate.
- Unlimited transfers to a local, state or national political party committee.
- Donations to state and local candidates or transfer to a future election campaign committee of the same candidate (Bernie Sanders transferred $1.5 million collected from his Senate campaign committee to his presidential committee).
So presumably whatever funds remained are likely to be transferred to his 2020 campaign.