In American democracy, a candidate’s access to money is more important than whether the contender identifies with, cares about or best represents the electorate. In other words, the one with the most money usually wins and that point is supported by a new report from the Center for American Women and Politics (CAWP), a unit of the Eagleton Institute of Politics at Rutgers University.
Women out-vote men, but women do not out-donate men, according to the new report, The Money Race for the State Legislature.
CAWP researchers Kira Sanbonmatsu and Claire Gothreau found that men out-gave women 2 to 1 in all state legislative contests. However, elections with women candidates appear to mobilize women donors; women donors were more likely to give to candidates in contests with at least one woman candidate.
The report examines individual contributions to state legislative candidates in the 2020 general election. This is the third report in CAWP’s series Women, Money, and Politics, undertaken in collaboration with OpenSecrets.
In the 2020 election, more men than women donated to general election candidates, and the total amount contributed by men exceeded the total amount contributed by women.
Congress and many state legislatures are more representative of the nation as a whole, with women holding more seats than ever before after women broke barriers in the 2020 elections, both at the ballot box and as political donors.
In 2021, 144 women hold seats in the United States Congress, comprising 26.9% of the 535 members; 24 women serve in the U.S. Senate, and 120 women hold seats in the U.S. House of Representatives.
Four women non-voting delegates also represent American Samoa, the District of Columbia, Puerto Rico and the Virgin Islands in the United States House of Representatives.
To the extent that campaign contributions can impact state legislative agendas and public policies, women are not exercising an equal voice in state legislative politics.
But candidate gender, donor gender, and political party interact. Women were more likely to contribute to Democratic than Republican candidates, and within both parties, women were more likely to give to women candidates than men candidates.
The report focuses on 2020 state legislative races and finds significant differences among states.
In 2020 races, women accounted for 33 percent of donations to congressional candidates and 31 percent of donations to state-level candidates, both records.
Arkansas saw only about one-quarter of contributions come from women donors, while Colorado and Connecticut saw almost 50% of contributions made by women.
CAWP previously reported that in 2021, Arkansas’s legislature was made up of only 23% women while in Colorado and Connecticut women’s representation was 45% and 33.7% respectively.
In addition, the top half of states in women’s state legislative representation were more likely to have a higher share of women contributors (39%) than the states that are lower on women’s state legislative representation (an average of 34%), suggesting evidence of gender affinity in donating.
The report finds that very few women of color run for state legislatures as Republicans.
While women of color are much less likely to be Republican, those who do run for office are usually financially disadvantaged compared with GOP women candidates who are white.
The report also says that this data suggests the small number of candidates who are Republican women of color are not being nominated in the most competitive districts.
Only 25 women of color serving as state legislators in 2021 identify as Republicans compared with 580 who identify as Democrats.
The report also found:
- Where there were gender differences in the amount of money raised from small contributions, women usually raised more from small contributions than their male opponents.
- Raising money in smaller denominations may require more time than raising money in larger denominations.
- Most Democratic women of color candidates raised similar amounts to Democratic white women candidates.
- Democratic women fared better in fundraising than Republican women.
Men were more likely to contribute to their own campaigns than women.
“For the past 50 years CAWP’s mission has been to get more women involved in politics,” says CAWP senior scholar and report co-author Kira Sanbonmatsu. “It’s encouraging that women outvote men. But there are more opportunities for women to get involved, and not just at the ballot box. By giving, women can help shape policies in their state. The time is now to expand the diversity of women in politics and government.”
Despite women’s consistent underrepresentation as state legislative candidates and officeholders, there are a record number of women serving in state legislatures as a result of the 2020 election.
Latinas and Black, Asian American, and Native American women are particularly underrepresented, which is consistent with other levels of office.
The Money Race for the State Legislature report was written with support from Pivotal Ventures, an investment and incubation company founded by Melinda French Gates and is available to read in full at CAWP’s Research and Scholarship page.
All the reports in CAWP’s Women, Money, and Politics series can be found here.

