Lindbeck Raises Big Money In First Fundraising Quarter

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This morning Democratic congressional candidate Steve Lindbeck released details of his first fundraising quarter and it looks like an impressive haul.

Rep. Don Young

Rep. Don Young

Steve Lindbeck

Steve Lindbeck

Lindbeck says he raised $418,771 in the three month period from April 1 – June 30. That compares to the $237,456 raised by the Alaska Democratic Party’s last congressional candidate, Forrest Dunbar, in his entire campaign.

Lindbeck’s numbers also fair well when compared to his competitor, incumbent Rep. Don Young. According to Federal Election Commission (FEC) records Young has raised an average of $104,456 per quarter this election cycle, with his largest take coming in the second quarter of 2015 at $137,274.

A full analysis of Lindbeck’s second quarter numbers won’t be possible until the FEC publishes full reports for congressional candidates. Factors such as how much of the money raised came from the candidate himself and how much Young raised in the same period still need to be examined before any final conclusions are drawn.

But for now, Lindbeck’s numbers look pretty darn good.

Here is Lindbeck’s full press release announcing his fundraising details:

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STEVE LINDBECK (D-AK) RAISES RECORD-BREAKING $418,771 IN Q2

As Don Young’s polling numbers sink to record lows, Lindbeck has $324,658 banked for fall campaign fight

ANCHORAGE — MONDAY, JULY 11 — Steve Lindbeck’s congressional campaign raised a record- breaking haul of $418,771 in his first quarter of fundraising as the campaign builds its grassroots team across Alaska in anticipation of a nationally-watched election battle against Don Young.

Since announcing in early April, Lindbeck has already raised more than Young’s past three challengers, none of whom raised more than $241,000 throughout their entire campaigns.

The numbers come on the heels of a string of bad polling for the 43-year incumbent, who is suddenly in danger of losing his seat in a volatile 2016 election cycle. The Republican’s 48% unfavorable ratings had one leading Alaska political analyst saying the numbers indicated Young is on “the verge of unelectable.”

61% of voters said that Young is doing a “poor” or “just fair” job as Congressman. Among the key swing group of independent voters, just 37% view Young favorably, while 50% view him unfavorably.

Young’s struggles also coincide with an unprecedented oil crash-driven economic crisis currently sinking Alaska’s economy.

“The outpouring of support from across Alaska has been incredible,” Lindbeck said. “Our grassroots campaign is funded by people across Alaska who know it’s time to elect a congressman who will face our economic challenges head-on and work to build a sustainable future for our state.”

Lindbeck is a long-time Alaskan who has served as CEO and General Manager of Alaska Public Media, Executive Director of the Alaska Humanities Forum, Vice Chancellor at the University of Alaska- Anchorage, and as a long-time editor and journalist at the Anchorage Daily News and Anchorage Times.

Key stats:

  • Q2 raised: $418,771
  • Cash on hand: $324,658
  • % of funds from individual donors: Over 99%
  • % of donations from inside Alaska: 90%