Who are women donors putting their money behind? Not just the Democratic women.

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Sen. Kirsten Gillibrand and Sen. Kamala Harris, two of the candidates getting the most money from women, speaking with each other at a Vanity Fair event. (Michael Kovac/Getty Images for Vanity Fair)

The five Democratic women in the 2020 presidential race raised more money from women donors than the 11 Democratic men did in the first quarter of 2019 — $7.4 million to $7.35 million.

That’s based on a Center for Responsive Politics analysis of itemized contributions to candidates who filed in the first quarter and raised more than $100,000.

Electability, albeit a quality given generously to men running for office and earned by women, has been a pillar for primary voters and donors in presidential elections. Who that leads donors to is still to be determined, but where women are putting their money provides insight.

Following a record-breaking midterm for both women candidates and donors, the money trail offers a glimpse of how women are responding to having multiple women in the top tier of a presidential race — a first in such campaigns.

Of all the female donors from the first quarter, 253 women gave to multiple Democratic women running in the primary. That represents just over 3 percent of the women donor base.

Sen. Kirsten Gillibrand, the only 2020 candidate to raise at least 50 percent of her money from women after the first quarter of fundraising, raised $1.27 million with 961 women donors.

According to Gillibrand’s finance director, Stefanie Conahan, the top women donor networks are encouraged to give to multiple women running in the presidential primary: “‘If you want a woman to be on the ticket, give to all of them.’ That’s what [Gillibrand] always says.”

Female-centric donor circles, whose goal is to elevate women in politics, are encouraging women to spread their support to women early in the primaries. Fundraisers hosted by groups such as Electing Women Alliance and Electing Women PAC, many of which are women-only events, garner support for the top women in the presidential primary field to “promote women” and “support women” getting on the 2020 ticket, according to Politico.

Gillibrand, who founded women donor circles in cities around the country and bolstered fundraising success for women donors, shares 13 percent of her donors with other Democratic women in the primary — the majority of whom gave to Sen. Kamala Harris in addition to Gillibrand.

Notably, Harris leads the 2020 candidates with the largest sum of money coming from women. Just under 50 percent — $3.6 million — of her itemized contributions come from women. Women donors who gave to multiple women gave more frequently to Harris over the other primary candidates.

At third, Republican President Donald Trump raised 45 percent of his first quarter funds from women at $1.47 million and, unsurprisingly, shares no women donors. Trump won in 2016 despite collecting less than 29 percent of his contributions from women — he defeated Hillary Clinton, who took in 52 percent of her itemized contributions from women. However, 2016 was not the banner year for women donors, or candidates, that 2018 was and 2020 may be.

Sen. Amy Klobuchar, former Rep. Beto O’Rourke, and Sen. Elizabeth Warren all fundraised sizeable portions of their first quarter funds from women at 45 percent, 45 percent, and 41 percent respectively.

Near bottom of the list, Sen. Bernie Sanders and South Bend, Ind. Mayor Pete Buttigieg raised only a third of their contributions from women donors in the first quarter — both at 33 percent. Sanders and Buttigieg are two of the candidates who have the highest amount of money coming from small donors — Sanders at 74 percent and Buttigieg at 64 percent. Keeping in mind that generally only donations above $200 are itemized, thus providing gender data, the gender landscape of small donations are absent.

Sanders, whose contributions from women have fallen since his 2016 run, does not share many women donors with other Democratic candidates.

Less than 2 percent of Sanders’ women donors also gave to the Democratic women in the presidential candidate field. Of that small group of shared women donors, the majority gave money to both Sanders and Warren — 65 percent. On the other hand, 15 percent of Buttigieg’s women donors gave to Democratic women, mostly Harris and Klobuchar.

Women are not a homogenous voting block, and they’re certainly not a homogenous donating block either. “Women donors want to give to whomever is going to beat Donald Trump, and women donors won’t just give to other women,” one Democratic consultant told Politico. “They’re going to show up on a bunch of these financial reports — some for female candidates, some for male candidates.”

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