RSN Fundraising Banner
FB Share
Email This Page
add comment

Kurtzleben writes: "An inauguration is an expensive party to throw, and President Trump got plenty of help putting his on."

President Trump waves to supporters as he walks the parade route with first lady Melania Trump after being sworn in on Jan. 20. (photo: Getty)
President Trump waves to supporters as he walks the parade route with first lady Melania Trump after being sworn in on Jan. 20. (photo: Getty)

Trump Inauguration Drew Big Dollars From Donors With Vested Interests

By Danielle Kurtzleben, NPR

20 April 17


n inauguration is an expensive party to throw, and President Trump got plenty of help putting his on. Financial Election Commission disclosures released on Wednesday show that some uberwealthy donors helped Trump defray the cost: Million-dollar givers included investment firm founder Charles Schwab, mining entrepreneur Christopher Cline and Bank of America. Investor and casino tycoon Sheldon Adelson spent $5 million.

Those megadonors contributed to Trump's monster inauguration haul of nearly $107 million, the FEC forms show. That sum doubles President Barack Obama's then-record inauguration donations in 2009, which totaled around $53 million.

Though this report shows how much money Trump's inauguration brought in, it does not detail exactly how that money was spent. Presidential inauguration committees do not have to disclose that to the FEC.

Donations to the inauguration may come after a victory, but they can still have the basic message of a campaign donation ("You are a politician I like, and I would like to support you with a few dollars"). But then, sometimes donations can fulfill another purpose.

"It's also a way for those who stayed away from Trump early on — didn't give to his campaign or superPACs, didn't help fund the convention, maybe backed another horse — to get on board with the incoming administration," said Viveca Novak, spokesperson at the Center for Responsive Politics, in an email.

In addition, big donors to Trump's inauguration received special inauguration-weekend treats: tickets to the swearing-in and their names printed on inauguration programs, for example, according to an inauguration brochure first published by the Center for Public Integrity.

The money also bought time with the president and vice president — those donating more than $500,000 were treated to dinner with Vice President Pence and his wife, Karen. The highest donors — those spending $1 million or more — gained access to a "Leadership Luncheon," which was "an exclusive event with select Cabinet appointees and House and Senate leadership."

It's not exactly new for a presidential inauguration committee to take in corporate money. Though Obama's 2009 inauguration didn't accept corporate donations, his 2013 inauguration brought in money from AT&T and Microsoft, among others.

Some companies are bipartisan in their support: Boeing and Chevron, for example, both donated to Obama's 2013 inauguration and Trump's inauguration alike.

Those kinds of large donations, as well as the fact that the committee doesn't have to tell the FEC how it spent the money, are part of what one expert considers a relatively loose system governing how inaugurations are financed.

"Really, there's very limited rules on how an inaugural committee has to spend the money, much less report how they spend the money," said Brendan Fischer, director of the federal and FEC legal program at the Campaign Legal Center.

There are also few restrictions on where any leftover money might go after an inauguration, Fischer said. As a 501(c)(4) — a type of nonprofit — an inaugural committee couldn't, for example, donate the money to a political campaign. However, as Colby College professor and campaign finance expert Anthony Corrado told NPR, it could potentially give the funds to another 501(c)(4) — perhaps one that promotes the president's agenda.

Trump's committee has said that any leftover money from this year's inauguration will be given to charity, the New York Times reported on Wednesday.

For his part, Fischer thinks the Inauguration Day donations should have some of the strictures of campaign donations.

"There's no reason to think that a million-dollar contribution made after Election Day would be any less corrupting or pose any less risk of influence than a million-dollar contribution made before Election Day," he said.

While the donors were high-profile, taxpayers can end up footing a large part of the inauguration bill. An inauguration can be a massively expensive affair — ahead of this year's, the New York Times estimated the cost at $200 million. The Trump inauguration committee would account for only part of that; the Washington Post estimated before the event that the committee would spend somewhere around $70 million. The federal government also pays for specific parts of the festivities. For example, as the Times reported, federal money covers security, which may have cost around $100 million. your social media marketing partner


A note of caution regarding our comment sections:

For months a stream of media reports have warned of coordinated propaganda efforts targeting political websites based in the U.S., particularly in the run-up to the 2016 presidential election.

We too were alarmed at the patterns we were, and still are, seeing. It is clear that the provocateurs are far more savvy, disciplined, and purposeful than anything we have ever experienced before.

It is also clear that we still have elements of the same activity in our article discussion forums at this time.

We have hosted and encouraged reader expression since the turn of the century. The comments of our readers are the most vibrant, best-used interactive feature at Reader Supported News. Accordingly, we are strongly resistant to interrupting those services.

It is, however, important to note that in all likelihood hardened operatives are attempting to shape the dialog our community seeks to engage in.

Adapt and overcome.

Marc Ash
Founder, Reader Supported News

-2 # 2017-04-20 10:21
This is a fair report. Too bad no one covers Democrats as scrupulously. The last Obama inauguration received most of its money from George Soros, financial services, lawyers, and high tech -- all areas where favors from the President could be expected to have a positive effect on bottom lines from federal grants and regulations.

Lee Nason
New Bedford, Massachusetts
0 # librarian1984 2017-04-21 07:09
And let's not forget that DWS and HRC opened the Democrap Convention up to corporate sponsors for the first time -- the same convention that abused Sanders supporters -- physically hassling them, turning the lights out on them and directing sound cannons at them.
+1 # Johnny 2017-04-20 10:38
Trump bombs Syria, helps Saudi Arabia slaughter tens of thousands of Yemeni children by starvation, threatens to attack North Korea, and continues Obama's support of ISIS, and we are supposed to get excited that Trump's inauguration drew big bucks from his campaign donors, same as every other president in modern history? Perhaps we really are as stupid as NPR wants to believe we are.
0 # Robbee 2017-04-20 20:25
Trump Inauguration Drew Big Dollars From Donors With Vested Interests - and who paid for the dem convention? same Vested Interests? - more's the shame!

THE NEW STREAMLINED RSN LOGIN PROCESS: Register once, then login and you are ready to comment. All you need is a Username and a Password of your choosing and you are free to comment whenever you like! Welcome to the Reader Supported News community.