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Notes -
Living in a European country with state financing of political parties, it is utterly alien to me to donate to political campaigns. I know it happens, but I would never do it (aren't you psychologically locked-in after donating to Trump/Harris?) and the amount of effort and time American politicians have to raise funds seem gross.
I looked up how UK does it and they actually harshly restrict political expenses:
https://www.instituteforgovernment.org.uk/explainer/election-spending-regulated-uk
If the UK (or Canada or Australia or whichever country) is better governed is debatable, at least theoretical raising funds could also be a useful signal in a democracy, but I wonder how an election cycle in the US would look like if Democrats/Republicans (and GreenParty/Libertarian) could only spend $100 Million each?
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