Factbox-Corporate America pledges donations for Trump's inauguration

Published 01/13/2025, 07:23 AM
Updated 01/13/2025, 11:50 AM
© Reuters. FILE PHOTO: U.S. President-elect Donald Trump delivers remarks at Mar-a-Lago in Palm Beach, Florida, U.S., December 16, 2024. REUTERS/Brian Snyder/File Photo
CVX
-
GOOGL
-
ADBE
-
AMZN
-
META
-
GOOG
-
UBER
-
HOOD
-

(Reuters) -Big companies from Wall Street to Silicon Valley are pledging donations to Donald Trump's inaugural fund before his Jan. 20 return to the White House, hoping to establish a positive rapport with his new administration. The companies include:

ADOBE

Adobe (NASDAQ:ADBE) has donated $1 million to the fund, a company spokesperson said.

BP (NYSE:BP) AMERICA

Energy major BP's U.S. business is contributing $500,000 to the inaugural committee and making additional contributions to other groups celebrating the inauguration, a spokesperson said.

CHEVRON

U.S. oil and gas major Chevron (NYSE:CVX) will donate to the inaugural fund, a company spokesperson said, declining to specify the amount.

ALPHABET

Alphabet (NASDAQ:GOOGL)'s Google has donated $1 million, a company spokesperson said.

AMAZON.COM

Amazon (NASDAQ:AMZN) is donating $1 million. The company will broadcast the inauguration on its Prime Video service, an Amazon spokesperson said.

BANK OF AMERICA AND GOLDMAN SACHS

Bank of America, the second-largest U.S. lender, and investment bank Goldman Sachs plan to contribute to Trump's inaugural committees, but have yet to decide on the amount, spokespersons for each bank said.

META PLATFORMS

Meta Platforms (NASDAQ:META) has donated $1 million, a company spokesperson told Reuters.

OPENAI

CEO Sam Altman is planning to make a personal donation of $1 million to the inaugural fund, an OpenAI spokesperson said.

"President Trump will lead our country into the age of AI, and I am eager to support his efforts to ensure America stays ahead," Altman said in a statement.

ROBINHOOD MARKETS

Retail trading platform Robinhood Markets (NASDAQ:HOOD) donated $2 million, a company spokesperson said.

© Reuters. FILE PHOTO: U.S. President-elect Donald Trump delivers remarks at Mar-a-Lago in Palm Beach, Florida, U.S., December 16, 2024. REUTERS/Brian Snyder/File Photo

UBER TECHNOLOGIES

Uber Technologies (NYSE:UBER) and its CEO Dara Khosrowshahi donated $1 million each, a company spokesperson said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.