The Trump Inaugural Committee has reportedly amassed over $170 million and is on track to surpass $200 million for its inaugural events and operations. This extraordinary fundraising effort has set a new record, attracting million-dollar contributions from companies, including tech giants that previously refrained from supporting Trump's 2017 inauguration. The four-day schedule promises an extravagant display featuring a fireworks show, a MAGA rally, and three inaugural balls, highlighting the committee's commitment to creating unforgettable experiences.
The committee's impressive fundraising success stems in part from its strategic appeal to top donors, requesting a minimum contribution of $1 million—double the amount asked in 2017—for exclusive access to face time with the president- or vice president-elect. This approach has resonated with numerous top CEOs and businesses eager to mend their previously strained relationships with Trump. The committee has already raised more than $53 million, breaking the previous record set during the 2017 inauguration.
The event schedule includes three VIP events at Trump's golf course located just outside Washington, D.C., showcasing the committee's preference for intimate and exclusive gatherings. However, despite the ample financial resources, the committee plans to host fewer events compared to other recent presidents. The fireworks display at Trump's club will occur more than 20 miles from Capitol Hill, making it inaccessible to much of the general public.
The committee's spending practices have also drawn attention. During the 2017 inauguration, it spent over $97 million in just two days of events, averaging $37,000 per minute. This figure dwarfs the $8,600 per minute spent during Obama's first inauguration. Despite having more funds at their disposal, the committee's choice to host fewer events raises questions about its overall strategy.
In addition to the fireworks show and MAGA rally, the schedule features a wreath-laying ceremony at Arlington National Cemetery and a candlelight dinner. These events aim to blend solemnity with celebration, reflecting a balanced approach to commemorating the occasion.
The committee's ability to secure significant donations from top CEOs and businesses highlights a shift in corporate attitudes toward Trump. Many companies that once maintained distance from his administration now appear willing to invest in building closer ties.
Meanwhile, the inaugural committee has not provided detailed responses regarding its fundraising and spending plans, despite inquiries from CNBC. The lack of transparency fuels speculation about how the committee plans to manage its record-breaking budget.
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