Trump’s Inauguration: Companies Race to Donate Millions for 2025 Ceremony
President-elect Trump’s upcoming inauguration is witnessing a surge in donations from major corporations, setting the stage for what could become the most expensive inaugural ceremony in U.S. history.
On Tuesday, Toyota pledged $1 million, matching donations from Ford and General Motors. Both automakers will also supply vehicles for the event.
Silicon Valley giants are stepping in too. Amazon, Meta, and OpenAI have each committed $1 million, while Uber has doubled the contribution with a $2 million pledge. Interestingly, some donations are being made personally by company CEOs rather than through corporate channels.
Wall Street isn’t staying behind. Heavyweights like Goldman Sachs and Bank of America have joined the donor list. Cryptocurrency platforms Kraken and Coinbase are also making sizable contributions.
Other notable donors cutting million-dollar checks include AT&T, Charter Communications, Stanley Black & Decker, Intuit, Pratt Industries, and the influential trade group PhRMA.
This wave of financial support comes despite some of these companies having distanced themselves from Trump following the events of January 6. Statements condemning the insurrection have quietly disappeared from several corporate websites.
A representative from one donating company told WSJ, “People just want to move forward. The election results were clear, and it’s time to focus on the future.”
Experts note that Trump’s inauguration fundraising is significantly outpacing President Biden’s 2021 ceremony. Analysts suggest this reflects a belief among corporate donors that Trump’s leadership style may offer transactional opportunities, with donations potentially improving their standing in the next administration.
As preparations continue, all eyes are on how much Trump’s inauguration will ultimately raise—and what that might mean for the political and business landscape in the years ahead.
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