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It was huge: Trump inaugural drew slew of top-dollar checks

It was huge: Trump inaugural drew slew of top-dollar checks

Powered by billionaires and corporations, President Donald Trump raised $107 million for his inaugural festivities, documents filed with the Federal Election Commission show, and almost doubled the record set by President Barack Obama eight years ago.

Hedge fund manager Steven Cohen, who gave $3 million to the super PAC backing Gov. Chris Christie's presidential campaign, was another $1 million donor to the Trump inaugural committee.

Two other casino moguls also gave generously: Phil Ruffin, a close friend, donated US$1 million, and Steve Wynn, now chief fundraiser for the Republican Party, gave US$729,000 through his Wynn Resorts.

The Trump inauguration committee would only account for part of that; the Washington Post estimated before the event that the committee would spend somewhere around $70 million. However, they do not reveal how Trump's inaugural committee spent the money or if any was left over. He met with Adelson at Trump Tower in NY before taking office and then seated the couple in prime seats on the dais when he took the oath.

Disclosures filed with the Federal Election Commission on Tuesday showed the contributions from corporate executives, lobbyists and businesses, as well as small donors, totalled US$107 million (S$149.6 million).

Big money from billionaires, corporations and a roster of National Football League owners poured into Donald Trump's inaugural committee in record-shattering amounts - to pull off an event that was considerably lower-key than previous inaugural celebrations. He promised to give any extra money to charity, but didn't specify which ones. That's more than twice the $53 million President Barack Obama raised for his first inauguration in 2009, the previous record.

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.

Why has an election been called and what happens now?
The Royal College of Midwives also called for promise to invest in NHS in response to the general election announcement . Before holding the election, May must first win the support of two-thirds of the parliament in a vote on Wednesday.

Inaugural festivities included a concert held at the Lincoln Memorial; a traditional inaugural parade; and three inaugural balls.

While presidents face fewer restrictions in their inaugural spending than they do for their campaigns, Trump's two predecessors applied more limits than Trump himself.

Inaugural officials didn't immediately return requests for comment yesterday but their release promised more details about charitable giving at a later date.

The money paid for 20 events during the extravaganza, but produced excess cash that will be donated in the future to a charity, organizers said.

For Obama's lower-key second inaugural in 2013, his committee raised about $43 million. President George W. Bush limited gifts at $100,000 in 2001 and $250,000 in 2005.

In the past, questions have been raised about Trump's follow-through on his commitments to make charitable donations. But more than two-thirds of the money raised came from big-dollar donors who contributed at least $500,000.


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