Cnn
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The inaugural committee of President Donald Trump raised $ 239 million For the festivities surrounding its oath this year – with some of the richest people in the country and the largest companies that write large checks while they were trying to fall apart with the Republican before returning to the White House.
The total transport reported on Sunday by the committee overwhelmed The 107 million dollars record that Trump raised for his first inauguration in 2017 and The nearly $ 62 million collected by his immediate predecessor, Joe Biden for his sleek aspiration during the Covid-19 in 2021 is four times in 2021.
The biggest donor of the Trump committee was the pride of Pilgrim’s Pride, based in Colorado, which contributed 5 million dollars, the Sunday night deposit with the Federal Electoral Commission shows. The cryptocurrency company Ripple Labs has given nearly $ 4.9 million, while another cryptographic interest, the Robinhood negotiation application, made a donation of $ 2 million.
The report shows that some of the most generous donors have obtained roles in the Trump administration, notably the financier of Arkansas, Warren Stephens, Trump’s choice to serve as an American ambassador to the United Kingdom. He donated $ 4 million, according to the file. Jared Isaacman, a billionaire businessman awaiting confirmation from the Senate at the head of NASA, gave $ 2 million – just like Melissa Argyros, the choice of Trump as an American show in Latvia.
Linda McMahon, who is Trump’s education secretary, donated $ 1 million. His Treasury Secretary, Scott Bessent, donated $ 250,000.
The inaugural committees cannot accept foreign contributions, but there is no legal limit on the size of the donations that these non -profit committees can receive. From the perspective of the event, major companies have announced that they took the committee with seven -digit checks. And the heads of some of the major donors of the inaugural companies this year – including the chief of Méta Mark Zuckerberg and the founder of Amazon Jeff Bezos – marked first -rate seats on January 20 of Trump inside the Capitol rotunda. Each company donated $ 1 million to the committee.
“It is not really a good thing to see this number increase,” said Max Stier, president and chief executive officer of the non -partisan partnership for the public service, about the increasingly eye sums associated with inaugurations. “This is an indication of an interest mechanism in money to direct money to a newly elected president to obtain the favor.”
In Pictures: the inauguration of Donald Trump
Trump Vance’s inaugural committee said it won nearly $ 245.3 million and reimburse just over $ 6 million in donations. In total, around 60% of the committee’s money came from more than 130 seven -digit donations, highlighting the disproportionate role of deep interests in the subscription of the sumptuous events which swirl around inaugurations.
Sunday has marked 90 days since the inauguration, the legal deadline of the inaugural committee to disclose its donations of $ 200 or more to federal regulators. But her report to the Federal Electoral Commission offers only a partial image because she does not have to detail how she spent money or what she intends to do with the remains of contributions.
A spokesperson for the inaugural committee did not respond to a survey on the expenses and size of the remains of contributions on Sunday.
A person close to the collection of Trump funds previously indicated that excess donations should be directed to the Trump presidential library, for which he began to collect sums. For example, the terms of a defamation regulations that Trump reached at the end of last year with ABC News directed $ 15 million to a “presidential foundation and a museum”.
Other notable figures that made personal donations of a million dollars to the Trump Committee included the CEO of Openai Sam Altman, the Honcho Paul Singer and Miriam Adelson, a long -standing benefactor of Trump and the widow of the Magnat du Casino Sheldon Adelson.
Some of the inaugural donors have revealed that Sunday has interests before the government, including cryptographic companies that have requested relief from the Biden era regulation of their industry and businesses such as US Steel, which awaits the Trump administration’s action on potential acquisition by Japanese Japanese company Steel. He gave just over $ 100,000.
The NVIDIa flea manufacturer, struck by export restrictions to China in the middle of a growing trade war, gave $ 1 million.
Steve Kerrigan, who supervised the two inaugural committees of President Barack Obama and helped produce the Biden event in 2021, told CNN that the kind of money that Trump has collected far exceeds what is necessary to take out inaugural events.
The files show that the Committee for the first inauguration of Obama has collected around $ 54 million – the money which, according to Kerrigan, adequately covered the costs of “the largest planned political event in American history”.
Obama’s first inaugural included 10 official bullets, an extended parade and a star concert at Lincoln Memorial. The second inauguration of Trump presented three official bullets. Other Trump events included an inauguration gathering in an arena in Washington and a celebration, with fireworks, in its golf club in Sterling, Virginia.
Kerrigan and surveillance groups, such as liberal public citizens, called for federal legislation to put railings on fundraising and impose greater disclosure for inaugural expenses.
“I know that it is not a public fund, but the public has the right to know how these dollars are spent,” said Kerrigan, who now presides over the Massachusetts Democratic Party.
A bill presented this year by senator Catherine Cortez Masto, a Democrat in Nevada, would require a detailed disclosure of who has received inaugural funds, prohibiting the personal use of inaugural donations and requires that everything remains of the money goes to the charity recognized by the IRS.
The previous efforts to modify the law governing the disclosure of the inaugural fund failed.
The expenses of the first Trump inaugural committee sparked an investigation by the attorney general of Washington, DC. He resulted in a regulation of $ 750,000 paid by the Trump organization and the inaugural committee for allegations that the committee had paid excessively for an event space at the Hôtel du Center-Ville de Washington, then belonging to the Trump company.
Trump entities have rejected reprehensible acts and described the regulations as necessary to avoid an expensive trial.
