Trump inaugural committee announces record-breaking fundraising haul


The committee did not say how much money remains. "You don't give this kind of money to get a few tickets to inaugural balls", he said.

Contributions from billionaires - including Jacksonville Jaguars owner Shad Khan - and corporations pushed President Donald Trump's inaugural committee to a new fundraising benchmark of $106.7 million, roughly twice the previous record set by former President Barack Obama's first inauguration. Trump's committee, helmed by private equity titan Tom Barrack, raised almost twice as much money as former President Barack Obama's first inauguration, which pulled in 53 million dollars.

The largest individual donors to Trump's inauguration included casino entrepreneur Sheldon Adelson, who donated $5 million, as well as National Football League franchise owners Shahid R. Khan (Jacksonville Jaguars), Robert Kraft (New England Patriots, through his holding company Kraft Group LLC), Stan Kroenke (Los Angeles Rams), Robert McNair (Houston Texans), and Dan Snyder (Washington Redskins), who each gave $1 million, according to the Center for Public Integrity. He and his wife came away with prime seats for Trump's swearing-in ceremony on January 20 and gained access to a private lunch with the new president and lawmakers at the Capitol. Phil Ruffin, a close Trump friend, donated $1 million, and Steve Wynn, now chief fundraiser for the Republican Party, gave $729,000 through his Wynn Resorts.

The report is likely to only intensify questions about Trump's commitment to the populist ideas raised in recent weeks by several policy shifts and realignments among White House staff. Trump raised $107 million for his inaugural festivities.

White House spokesman Sean Spicer told reporters Wednesday that companies and individuals gave to the inaugural committee out of civic pride.

Trump placed no restrictions on the amount of money that donors could give.

Numerous companies which made donations to the 2017 event also donated to Obama's prior inauguration.

Businesses that donated at the $1 million level included Bank of America, Boeing, Dow Chemical, Pfizer, Allied Wallet, Access Industries, Qualcomm. Companies also gave big in-kind contributions of goods and services, including almost $500,000 in "vehicle expenses" from General Motors.

AT&T gave almost $2.1 million in cash and services.

Trump struggled to raise large sums of money for much of the campaign, though the report shows a large number of traditional donors and companies in recent months making amends by funding his inauguration.

"We are proud that we had the opportunity to support the Presidential Inauguration committee, the organization behind a uniquely American event that allows for the peaceful transfer of power from one administration to the next". He subsequently donated tens of millions of dollars to the Trump election campaign. Harry Pefanis, vice chairman of PAA Natural Gas Storage LP, gave $100,000.

Unlike Trump, the 2009 committee did not accept corporate contributions and limited individual donations to a maximum of $50,000.

Trump's committee raised a record $106.7 million from private sources to fund six days of events surrounding his January 20 swearing-in.

Companies also gave huge in-kind contributions of goods and services, including $2.1 million from AT&T for mobile equipment and software, almost $500,000 in "vehicle expenses" from General Motors, $500,000 in equipment from Microsoft, $300,000 in food and beverages from Coca Cola, $257,000 from Pepsi and more than $500,000 in delivery services from FedEx.