Anything the 45th US president does is rarely free of controversy, and that extends to his inauguration committee’s donating $3 million toward hurricane relief. The committee recently came under scrutiny for not donating sooner, particularly after media reports revealed the committee had been sitting on tens of millions of dollars in unspent donations left over from the January festivities.<\/p>\n
\n“The president has encouraged us to utilize portions of the surplus funds from the inauguration to aid in the disaster relief efforts,” Presidential Inaugural Committee Chairman Thomas Barrack said in a statement. “The committee will continue to curate worthwhile causes and make further contributions that serve America’s agenda and will conclude in accordance with its charter in the next few months.”<\/p>\n<\/blockquote>\n
The $107 million raised was more than double former President Barack Obama’s inauguration haul in 2009, which totaled $53 million.<\/p>\n
Wall Street Bigwigs <\/b><\/h2>\n
Securities and investment industries were responsible for the lion’s share of Trump’s inauguration endowment with more than $14.7 million in donations. Real estate was next with almost $10 million.<\/p>\n
The donor data also shows that Trump runs with an elite crowd. The $107 million was raised through just 1,520 donations, meaning the average donation was a staggering $70,394. More than 250 donors gave at least $100,000.<\/p>\n
By comparison, Obama’s 2009 then-record take of $53 million was compiled through 20,901 contributors. That equates to an average donation of $2,535.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Presidential Inaugural Committee is giving $3 million to help support hurricane recovery work in Texas, Florida, and the Caribbean, and few may realize the level of casino involvement in these efforts. The\u00a0American Red Cross, Salvation Army, and Samaritan’s Purse will each receive $1 million. The inaugural committee, formed to help cover expenses associated with […]<\/p>\n","protected":false},"author":42,"featured_media":59734,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,61],"tags":[],"acf":[],"yoast_head":"\n
Presidential Inaugural Committee Donates $3 Million to Hurricane Relief<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n