President-elect Donald Trump’s inaugural fund continues to grow as more companies add millions of dollars to the pot. The total amount raised so far has surpassed $200 million, setting a new record. A large number of companies are making huge donations to the fund ahead of Trump taking office.
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Contributors to the fund aren’t required to reveal themselves, but many companies have done so either to show support for the incoming President or to remain transparent about their activities. Support for Trump has grown among companies as a shift toward conservatism has many rejecting diversity, equity, and inclusion (DEI) practices and other liberal policies.
What Companies Have Contributed to Trump’s Inaugural Fund?
Trump is gaining support in Silicon Valley with several tech giants dedicating funds to his inauguration. Meta Platforms (META), Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), and Amazon (AMZN) have each contributed $1 million to Trump’s fund.
Outside of Silicon Valley insiders report donations from a wide array of businesses. That includes $1 million donations from JPMorgan Chase (JPM), Comcast (CMCSA), McDonald’s (MCD), Boeing (BA), Delta Air Lines (DAL), Lockheed Martin (LMT), and Johnson & Johnson (JNJ).
While these companies are contributing $1 million to the Trump inaugural fund, plenty of other companies have also sent money to the upcoming President. Organizations, such as the Electronic Payments Coalition, as well as OpenAI CEO Sam Altman, are supporting Trump through donations. Even crypto company Ripple Labs has reportedly dedicated $5 million of its crypto to the fund.
What Does This Mean for the Stock Market?
Donations to inaugural funds aren’t unexpected as many companies dedicate money to incoming Presidents, no matter what side of the aisle they’re on. However, the support that Trump is seeing is unexpected. While a shifting culture is behind some of that change, companies are likely hoping to insulate themselves from Trump’s economic plans through these donations.
If that pays off, these companies might perform well over the next four years as they avoid scrutiny from the incoming administration. Investors who want to bet on that can compare the companies below before any potential investments.
