Disney heiress, wealthy Democratic donors say they won’t finance the party until Joe Biden drops out
SUMMARY
The Democratic Party is grappling with a significant challenge as some of its major donors, including Abigail Disney, are withholding financial support until President Joe Biden withdraws from the presidential race. Disney, a prominent figure due to her family's association with The Walt Disney Company, has historically been a generous donor to Democratic causes. She contributed $50,000 to the Jane Fonda Climate PAC earlier this year and has supported Planned Parenthood Votes with $150,000 in past contributions. Additionally, Gideon Stein of the Moriah Fund has paused $3.5 million in planned donations, earmarked for nonprofits and political organizations aligned with the presidential race, pending a change in candidacy. Karla Jurvetson, another top donor, has hinted at aligning with this sentiment, potentially halting her significant contributions to Democrats until Biden steps aside.
