Washington.
Preparations are going on rapidly for the swearing-in ceremony of America’s newly elected President Donald Trump on January 20. Big billionaires, businessmen and technical experts are participating in this event and also providing financial support. There is a competition to donate money for the function.
According to a report, the organizing committee for Trump’s swearing-in ceremony has so far received donations of $170 million. Which is a record. Big businessmen and celebrities of America have written big checks for this donation. A person who personally collects donations confirmed the donations received so far for the event. She said the organizing committee hopes to raise $200 million by the time the event takes place. Although he cannot talk about this publicly. The organizing committee also did not give any reply on this claim. Also, no information has been given as to how it will spend the donation.
The remaining amount will be used in Trump’s presidential library.
According to US rules, money received from individual donations is usually used for the swearing-in ceremony. This includes the costs associated with the swearing-in ceremony, the parade and the grand inauguration ceremony. It is said that the organizing committee will use the money saved after the ceremony for the Trump Presidential Library.
Biden had received donations of 62 million dollars
According to the records of the US Election Commission, the organizing committee of Trump’s swearing-in ceremony has collected the highest amount of donations so far. This is more than double the donations President Joe Biden received four years ago. Biden received approximately $62 million in donations. At the same time, during Trump’s first swearing-in ceremony in 2016, donations of about 107 million dollars were received, which set a record.
Efforts to improve relations with the President
Majority figures, including tech companies, are writing big checks after Trump won the presidential election in November and Republicans took control of both houses of Congress. So that they can improve their relations with the new President. Facebook and Instagram’s parent companies Meta and Amazon said last month that they would donate $1 million to fund Trump’s inauguration. OpenAI CEO Sam Altman also said that he had promised to donate one million dollars.