President Biden plans to travel to Los Angeles and the San Francisco Bay Area later this month to raise money for what is almost guaranteed to be a rematch against former President Trump in the election of November.
California is already a popular fundraising destination for Biden, given that the state is a Democratic stronghold and offers many sources of financial support in Silicon Valley and the Los Angeles entertainment industry.
The next trip will take him to the home of Robert and Danielle Klein in Los Altos Hills on Feb. 22, sources familiar with the matter told the Times. The Kleins will co-host the event alongside investor and former state comptroller Steve Westly. Two other possible fundraisers in the San Francisco area are being planned, according to the sources, who spoke on the condition of anonymity to discuss events that had not been made public.
Another source who asked to remain anonymous told the Times that Biden will be in Los Angeles on Feb. 20 for a fundraiser at the home of media mogul and longtime Democratic donor Haim Saban.
The sources cautioned that the timing of these fundraisers could change depending on Biden’s schedule.
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A Biden campaign spokesperson declined to comment.
The campaign and its affiliated entities announced last month that they had raised $235 million between April 2023 and the end of last year. After a string of months of record fundraising, the campaign had $117 million in cash on hand, according to federal campaign finance disclosures.
On Saturday, the president traveled to Los Angeles and held campaign-related meetings at director George Lucas’ Bel-Air property. First Lady Jill Biden spoke late night at a gala at Paramount Studios in Hollywood to support a nonprofit organization that asks retailers to dedicate 15 percent of their sales space to owned brands. Black.
Biden had lunch the next day at the Ivy with his son Hunter and grandson Beau. Hunter Biden lives in Malibu and it was his 54th birthday.
The president and his surrogates, including Vice President Kamala Harris and Gov. Gavin Newsom, held several campaign fundraisers in California last year. In the fall, after the writers’ and actors’ strikes ended, Biden and the first lady took a weekend trip to Los Angeles, raising more than $15 million at several events.
As they could at these events, each supporter this month will be able to donate up to $929,600 to the Biden Victory Fund, a joint fundraising committee that supports the president’s re-election campaign, the Democratic National Committee and state-level Democratic parties.
Last September, Biden held three fundraising events in Atherton and San Francisco, hosted by Democratic donors and philanthropists Liz Simons and Mark Heising, and another hosted by former presidential candidate Tom Steyer.
Those hosting events for Biden are all longtime donors to Democratic causes and candidates.
Robert Klein, who runs a multibillion-dollar real estate development company, is best known for his advocacy of stem cell research. About 20 years ago, he financed a national referendum to fund and protect stem cell research. He and his wife donated about $100,000 to Biden’s campaign and its affiliated entities last year.
Times swriter Seema Mehta contributed to this report.
Note: The content and images used in this article is rewritten and sourced from www.latimes.com