POLITICS: Trump’s Inaugural Committee Sets Record – Expected To Raise Over $200M

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Donald Trump’s inaugural committee has raised over $170 million – a new record.

The committee is expected to raise over $200 million.

Newsmax reported:

President-elect Donald Trump has raised more than $170 million for his upcoming inauguration, a record amount as tech executives and big donors have eagerly written large checks to help bankroll the ceremony.

The private donations collected thus far were confirmed by a person with firsthand knowledge of the fundraising who was not authorized to speak publicly. The person said Trump’s inaugural committee is expected to raise more than $200 million by the end of the effort.

Trump’s inaugural committee did not immediately respond to a message seeking comment Wednesday. The committee has not yet detailed how it plans to spend the donations.

The private donations are typically used to help pay for events surrounding the inauguration, such as costs related to the oath of office ceremony itself, along with a parade and glitzy inaugural balls. Money leftover from the inaugural committee is expected to be used toward a future Trump presidential library, according to the person.

In 2016, Trump raised $107 million, which was also a record.

CNN reported:

Donations to Trump’s first inauguration in 2016 also set a record when he brought in nearly $107 million.



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