Summary
President Donald Trump is using donations from America's wealthiest individuals to support projects during his presidency. These contributions help fund initiatives like child investment accounts and new White House facilities. Such donations allow the administration to execute plans without relying solely on government funds.
Key Facts
- Wealthy individuals and corporations are donating large sums to support projects associated with President Trump's administration.
- Michael Dell donated $6.25 billion to create investment accounts for 25 million children.
- Inauguration donations in 2025 were a record $245 million, much higher than previous inaugurations.
- Timothy Mellon contributed $130 million to support troop salaries during a government shutdown.
- Sponsors for a military parade included corporations friendly to President Trump, raising ethical concerns.
- A new 90,000-square-foot White House ballroom is under construction, funded by private donations and President Trump's money.
- 37 corporate and individual donors are publicly known for contributing to the ballroom, but some remain anonymous.
