Andrew Yang reached the donation requirements needed to receive matching city funding in the New York City mayor’s race, the former 2020 Democratic presidential candidate confirmed on Sunday.
The technology entrepreneur announced in a Sunday tweet that his campaign has reached the threshold of receiving $250,000 from at least 1,000 donors, each dollar from residents of New York City in small contributions with a maximum of $250, can be matched by up to $8 in public funds, reaching a maximum of $2,000 per contributor, according to The Hill.
“Thank you to everyone who helped make this happen – the fastest campaign to hit the matching threshold with the most grassroots donors!” he posted. “Every small donation from NYCers now gets matched 8 to 1! We are on our way.”
Thank you to everyone who helped make this happen – the fastest campaign to hit the matching threshold with the most grassroots donors! Every small donation from NYCers now gets matched 8 to 1! We are on our way. 😀🚀🗽https://t.co/aJH8sQFZOv https://t.co/ZKTVLtoc8u
— Andrew Yang🧢⬆️🇺🇸 (@AndrewYang) February 14, 2021
“Despite entering the race months, or even years, after other candidates, we have quickly raised over $250,000 in 8:1 matchable donations from New York City residents to qualify for matching funds from the City, the fastest campaign to reach the matching funds threshold in the race,” campaign managers Sasha Ahuja and Chris Coffey wrote in the memo.
“We are proud to be a people-powered campaign reliant on small-dollar donations, demonstrating how Andrew’s bold ideas for New York City are resonating widely with the electorate,” they added.
Yang will be the fourth Democratic mayoral candidate to reach the matching funds mark, following attorney Maya Wiley, Brooklyn Borough President Eric Adams and City Comptroller Scott Stringer, Politico reported.