Politics
Hundreds of Big Post-Election Donors Have Benefited From Trump’s Return to Office
Since President Trump was elected a second time, he and his allies have raised nearly $2 billion for his favored political causes and passion projects. That total, which was confirmed by four people involved in the fund-raising, likely eclipses the amount raised to support his 2024 campaign.
The astounding haul hints at a level of transactionalism for which it is difficult to find obvious comparisons in modern American history. The identities of the donors behind much of the cash are not legally required to be, and have not been, publicly disclosed. In some cases, Mr. Trump’s team has offered donors anonymity.
To shed light on what has been a largely opaque fund-raising apparatus, The New York Times conducted a comprehensive investigation. It relied on previously unreported documents and public campaign finance filings, as well as interviews with dozens of people who are familiar with the solicitations or are involved in the fund-raising. It traced a large portion of the funds raised — more than half a billion dollars’ worth — back to 346 donors who each gave at least $250,000. It also found that more than half of them have benefited, or are involved in an industry that has benefited, from the actions or statements of Mr. Trump, the White House or federal agencies.
It is not possible to prove that any of the donations directly led to favorable treatment from the Trump administration. And the contributions do not personally enrich Mr. Trump, unlike some of his family’s cryptocurrency ventures.
But many of the deep-pocketed individuals and corporations who have given large sums have a lot riding on the administration’s actions, raising questions about conflicts of interest.
Each of these dots represents a person or company that has given at least $250,000 to a group or project supported by Mr. Trump since he was elected to a second term.
The president’s inaugural committee raised nearly $240 million, more than double the record, which Mr. Trump himself set in 2017. The 284 donors shown here each gave at least $250,000.
284 red dots are arranged into a circle on the screen.
After Mr. Trump won, the fund-raising didn’t stop for a super PAC devoted to him and run by his advisers. At least 81 donors gave $250,000 or more to MAGA Inc. It raised $200 million from Nov. 7, 2024, to June 30, 2025.
81 of the dots separate from the main group and are highlighted.
According to Mr. Trump, $350 million has been raised for his White House ballroom project, which is largely being processed by the Trust for the National Mall. The Times has identified pledged or completed donations from 14 ballroom donors, which amount to about $100 million.
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The biggest donors to the White House Historical Association to support this year’s Easter Egg Roll, including the four shown here, were offered new types of branding opportunities and access to an event beforehand with Melania Trump, the first lady.
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The president’s team has also raised money for America250, a nonprofit group that was formed to produce celebrations for the country’s semiquincentennial birthday. Eight of the donors identified by The Times sponsored this group after the 2024 election.
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Of the 346 donors identified by The Times, at least 197 have benefited, or are in industries that have benefited, from policies or actions of Mr. Trump or his administration. Those include pardons, favorable regulatory moves, the dropping of legal cases, access to the president and more.
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Hover or tap on each of the circles here to learn more about the individual and corporate donors who have given at least $250,000 to Trump-approved causes. (Dollar figures may be undercounts, since some kinds of donations do not need to be disclosed.)
The dots return to their original arrangement in a circle.
Presidents of both parties have raised funds for their inaugurations, and many major companies have long histories of donating to them. But second-term presidents usually begin winding down their own fund-raising after their inaugurations, focusing instead on boosting their parties’ committees and candidates.
Mr. Trump, on the other hand, was emboldened by the record-breaking sum of nearly $240 million raised by his inaugural committee. He immediately tasked his fund-raising team, led by his campaign’s finance director, Meredith O’Rourke, to raise money for an array of groups and causes supported by the president, according to three people involved in the fund-raising. They requested anonymity to discuss nonpublic information, as did five others who discussed other elements of the fund-raising.
It is a buffet of options that allows donors to pay tribute to Mr. Trump and sometimes receive access to him to pitch their own interests. While the groups raising funds are independent from one another, and some are nonpartisan, they are presented to donors as part of a fund-raising apparatus to which Mr. Trump or his allies would like them to give, according to four people familiar with the fund-raising. They said Mr. Trump closely tracks which companies have given, and how much, debriefing regularly with Ms. O’Rourke.
Lobbyists with connections in Mr. Trump’s orbit recommend that their clients donate to these groups to try to win him over, said five people familiar with the fund-raising.
“In this town, money talks, and that is going to give you an opportunity to at least have a seat at the table,” said Harrison Fields, a former Trump White House official who left in August and became a lobbyist. His firm, CGCN Group, has represented companies that have donated to projects Mr. Trump supports, including the new White House ballroom, America250 and MAGA Inc.
“These people are not getting coerced. They are making business decisions,” said Mr. Fields.
At least 51 of the donors have given to more than one of the groups in this analysis since the election.
While MAGA Inc., the inaugural committee and the Republican National Committee (another entity for which Trump-allied fund-raisers are soliciting money) are required to disclose their donors to the Federal Election Commission, there is no such requirement for contributions to other groups for which the president’s allies are raising funds.
Those groups include the Trust for the National Mall, America250, the White House Historical Association, a political nonprofit group called Securing American Greatness and the John F. Kennedy Center for the Performing Arts, which Mr. Trump’s allies have remade in his own image, including adding his own name to the title and the building’s facade.
The Times’s investigation identified a number of donations, or potential benefits to donors, that had not been publicly known.
One $2.5 million contribution to MAGA Inc. was given by a South Florida woman whose father months later received an unusually lenient deal from top Justice Department officials to settle charges that he bribed Puerto Rico’s then-governor in 2020.
Another $2.5 million pledged donation — this one to Mr. Trump’s White House ballroom project — came from Parsons Corporation, an engineering firm that has won government contracts for years, including under Mr. Trump, and is jockeying for some of the more than $1 trillion in contracts that could be awarded to build a missile defense system proposed by the president called the “Golden Dome.” Also giving $2.5 million to the ballroom project was the chief executive of Roblox, a popular online video game company that has applauded a Trump executive order and other initiatives involving children’s use of artificial intelligence.
A couple who donated $1 million to Mr. Trump’s inaugural committee and $500,000 to MAGA Inc., as well as an undisclosed amount to the ballroom fund, saw Mr. Trump nominate their son to be U.S. ambassador to Finland.
And a company that was accused last year by the Justice Department of colluding over ticket prices donated $250,000 to Mr. Trump’s inauguration. The president pardoned the company’s co-founder in a separate case this month.
In other cases, The Times was able to quantify large donations for which the amounts were previously unknown. Those included gifts from the technology firm Palantir, which donated $10 million to the ballroom project and $5 million to America250. Additionally, the Palantir co-founder Alex Karp donated $1 million each to the inauguration and to MAGA Inc. In Mr. Trump’s second term, Palantir has secured federal contracts worth hundreds of millions of dollars, including to develop software to help Immigration and Customs Enforcement deport people. But a Palantir official said in a previously unpublished response to an inquiry from Senator Richard Blumenthal, Democrat of Connecticut, that the company did not seek and was not offered any special consideration for its donation to the ballroom project.
While a foundation funded by Miriam Adelson, a casino magnate, mostly supports Jewish and Israeli causes, it pledged to donate $25 million to the ballroom project, according to two people familiar with the donation. In a speech at a White House Hanukkah party last week, Mr. Trump praised Dr. Adelson, a physician by training, for donating tens of millions of dollars to help his campaigns and using her access to lobby for greater U.S. backing for Israel. Calling her to the lectern, Mr. Trump said, “When somebody can give you $250 million, I think that we should give her the opportunity to say hello.” The two embraced and bantered about how Dr. Adelson would be willing to donate $250 million more to help Mr. Trump seek an unconstitutional third term.
Mr. Trump’s continued fund-raising is all the more striking given his boasts during his first presidential campaign a decade ago that he was an outsider whose personal wealth made him impervious to Washington’s pay-to-play politics and the manipulation of major donors, including Dr. Adelson’s late husband.
Liz Huston, a White House spokeswoman, rejected the suggestion that donors were getting special treatment. She said in a statement that Mr. Trump’s “only motivation as the president of the United States is improving the lives of the American people and making our country greater than ever before.” Donors who support him “should be celebrated, not attacked,” she said.
Donors who received administration jobs, government contracts, partnerships and approvals
Hover to see donor details
While the donations far exceed most Americans’ means, the sums pale in comparison to the contracts being sought from the Trump administration.
Take Mr. Trump’s “Golden Dome” missile defense project, which could yield lucrative work for a number of contractors. Palantir has already held discussions about being involved. Firms including Lockheed Martin and Boeing also are expected to compete for pieces of the work; each company donated $1 million to Mr. Trump’s inaugural committee. That is the same amount they gave to President Joseph R. Biden Jr.’s inaugural committee.
But Lockheed Martin also donated $10 million to the Trust for the National Mall for Mr. Trump’s ballroom project and $5 million to America250, according to two people familiar with the sums. Lockheed is the primary maker of F-35 fighter jets, which cost about $80 million to $110 million each. While some national security officials have expressed concern about selling the jets to Saudi Arabia, Mr. Trump announced last month that he planned to approve such sales. The next day, Lockheed’s chief executive attended a black-tie dinner at the White House honoring Crown Prince Mohammed bin Salman of Saudi Arabia, which was also attended by executives for other defense contractors.
As for Boeing, two months after the inauguration, Mr. Trump announced that the company would be paid to build more than 180 new advanced fighter jets for the Air Force.
Major defense contracts can take years to develop, bid and execute, and there is no evidence that any such contracts were awarded as a direct result of donations.
Boeing’s ability to pursue federal contracts could have been hindered by criminal charges stemming from two fatal crashes of its planes during Mr. Trump’s first term. But this year, the Trump Justice Department dropped the case, entering into a settlement that required the company to improve its safety and compliance programs and pay hundreds of millions of dollars into a fund for victims.
Presidents have long awarded their campaigns’ top donors with ambassadorships, jobs and appointments to boards and commissions. Mr. Trump appears to have taken that tradition to a new level, tapping at least 32 people for an array of positions — including in his cabinet — who have donated at least $250,000 each to his causes after the election, or whose companies or families have made such donations.
Among them is Howard Brodie, now the U.S. ambassador to Finland. His parents, Elizabeth and Stefan Brodie, donated to the Trump inauguration, MAGA Inc. and the ballroom project after Mr. Trump’s victory in the 2024 election. The elder Brodies were invited to the White House dinner last month honoring the Saudi crown prince, and Stefan Brodie attended a dinner the month before for major donors who gave at least $2.5 million for the ballroom.
Another Trump ambassador nominee, the Miami mortgage lender Bernie Navarro, gave a little-noticed $1 million donation to the inaugural committee through an obscure company registered in Puerto Rico. Mr. Navarro, a close ally of Secretary of State Marco Rubio, said in a statement that the donation was unrelated to his interest in becoming an ambassador. “In retrospect, he is doing such an amazing job that I wish I would have done more,” Mr. Navarro said of Mr. Trump.
In all, more than a dozen donors have been nominated or confirmed for ambassadorships.
Where donors received ambassadorships
Warren Stephens
Gave $6 million
Melissa Argyros Gave $2 million
Dan Newlin
Gave at least $1.5 million
Howard Brodie
Parents gave at least $1.5 million Benjamin León Jr.
Gave at least $1 million
Melinda Hildebrand
Gave combined $1 million together with her husband
Ken Howery Gave $1 million
Tilman Fertitta
Gave $1 million
Bernie Navarro
Gave $1 million Anjani Sinha
Gave $1 million
Peter Lamelas
Gave $250,000
Nicole McGraw Gave $250,000
John Breslow
Gave $250,000
Benjamin Landa
Gave $250,000 Joseph Victor Popolo Jr.
Gave $250,000
Donor
Nominated or
confirmed ambassador to…
United Kingdom
Latvia
Colombia
Finland
Spain
Costa Rica
Denmark
Italy
Peru
Singapore
Argentina
Croatia
Cyprus
Hungary
Netherlands
It is not possible to definitively link donations to nominations.
Tommy Pigott, a spokesman for the State Department, in a statement called Mr. Trump’s ambassadors “an America first diplomatic A-team,” adding that they “were chosen to help drive forward historic wins for the American people, and they have done exactly that.”
Four of Mr. Trump’s cabinet officials made personal or corporate donations of more than $250,000.
They include Kelly Loeffler, the administrator of the Small Business Administration. She and her husband, Jeffrey C. Sprecher, the chief executive of the parent company of the New York Stock Exchange, donated a combined total of $11 million to groups Mr. Trump favors, including $1 million to the inaugural committee and $5 million to MAGA Inc., as well as previously unreported donations totaling $5 million for the ballroom, according to records and a person familiar with the fund-raising.
Donors who received pardons, relaxed enforcement and other relief
Hover to see donor details
Getting a reprieve from adverse state action can be just as valuable as winning a government contract or appointment.
Extremity Care, a company that makes a pricey form of bandages known as skin substitutes, donated $5 million to MAGA Inc. An executive from the company then attended a donor dinner in March at Mar-a-Lago where he lobbied Mr. Trump, whose administration announced the next month that it would delay a Biden-era plan to limit Medicare’s coverage of the bandages. Extremity Care or one of its affiliates subsequently donated $2.5 million to the ballroom.
And Mr. Trump has entered into deals with a number of drug makers, including several that donated to groups he supports, to lower prices in exchange for avoiding punitive measures including threatened tariffs.
In two instances, Mr. Trump pardoned people whose companies or families made donations.
In January, amid scrutiny from the Justice Department’s antitrust division, which had identified — but not charged — the venue management company Oak View Group in a lawsuit against Ticketmaster’s parent company, Oak View donated $250,000 to Mr. Trump’s inauguration.
The donation did not eliminate legal exposure for Oak View’s co-founder and then-chief executive, Timothy J. Leiweke. Months later, the antitrust division charged him in an unrelated case. He stepped down as head of Oak View, and the company agreed to pay $15 million in penalties. Mr. Leiweke pleaded not guilty. But this month, before the case went to trial, Mr. Trump pardoned him.
David B. Gerger, a lawyer for Mr. Leiweke, rejected a question about whether the donation was intended to avoid legal trouble.
“Any such innuendo — whether coming from ill will or just ignorance — is false,” he said in a statement.
In another case, the former health care entrepreneur Elizabeth Fago, after donating $1 million to MAGA Inc., attended a donor dinner with the president. Mr. Trump pardoned her son, Paul Walczak, less than three weeks later, sparing him from having to pay nearly $4.4 million in restitution and from reporting to prison for an 18-month sentence for employment tax crimes.
Another donor with an interest in the outcome of a criminal case was Isabela Herrera, who donated $2.5 million to MAGA Inc. late last year. At the time, her father, Julio Herrera Velutini, a Venezuelan-Italian banker, was being prosecuted by the Justice Department for trying to bribe the governor of Puerto Rico.
Mr. Herrera hired a former personal lawyer for Mr. Trump, who alleged that the case was an example of the political weaponization of the criminal justice system. Top Justice Department officials appeared to agree, authorizing a misdemeanor plea deal to settle the case and overruling career prosecutors who had pushed for a harsher sentence.
Mr. Herrera could still face a year in prison at sentencing, which is scheduled for next month.
Ms. Herrera and a lawyer for Mr. Herrera declined to comment.
A Justice Department spokeswoman said “the decision to settle this case was made through the proper channels and was not influenced by any donation to MAGA Inc.”
But John D. Keller, who oversaw the Justice Department division that handled the case, said in an interview that the difference between the deal and the more than 20 years Mr. Herrera could have faced if convicted of the original charges was “striking.” Mr. Keller, who resigned in protest when he was directed by Mr. Trump’s appointees to drop another politically fraught prosecution, said the Herrera case “appears to be another example of political considerations dictating the outcome in an individual criminal case.”
A broader relaxation of federal scrutiny has benefited cryptocurrency companies and other corporate interests that have showered donations on Mr. Trump’s groups.
The Securities and Exchange Commission largely abandoned its hard-line approach to crypto trading platforms, ending lawsuits against Coinbase, Kraken and Ripple after the companies each donated $1 million or more to Mr. Trump’s inaugural committee, and ending an investigation into Robinhood after it donated $2 million to the committee. Coinbase and Ripple also donated to the ballroom, while Coinbase gave to America250.
A spokesman for the S.E.C. said that “politics have had nothing to do with S.E.C. actions” on the cases. “Decisions on these cases turn on long held publicly expressed legal and policy views,” he added.
Donors in industries that benefited from administration policies
Hover to see donor details
In addition to specific benefits enjoyed by individual companies and people, Mr. Trump has also enacted sweeping tax cuts and taken other actions that more broadly advantage a wide range of industries, major corporations and wealthy individuals.
Last week, Mr. Trump signed an executive order to downgrade cannabis from the most restrictive category of drugs, easing some limitations and allowing for more research. It was a major victory for a burgeoning industry that has spent heavily since the election on lobbying and donations, including a $1 million donation to MAGA Inc. from American Rights and Reform PAC, a pro-cannabis political committee; and a $750,000 donation to the inaugural committee from Trulieve, a leading marijuana retailer. Kim Rivers, Trulieve’s co-founder and chief executive, urged Mr. Trump to make the move during multiple meetings with him, including a donor dinner at his New Jersey golf club in August, according to a person familiar with the event, which was first reported by the Wall Street Journal.
“We are really thankful for the president,” Ms. Rivers said in an interview on Thursday. “He has been consistently supportive,” she added. She declined to comment when asked if she would have been granted the presidential audiences without donating.
The crypto industry writ large has benefited from Mr. Trump’s cheerleading, as well as his championing and signing into law a bill creating the first federal rules for stablecoins, a popular form of digital currency. At least 27 companies or executives with interests in crypto gave a total of at least $58 million to groups Mr. Trump favors after the election, The Times found.
Mr. Trump has also favored the fossil fuel industry, directing tens of billions of dollars in incentives to companies, allowing drilling in the Alaska wilderness, and repealing environmental regulations. About two dozen companies with interests in oil, gas and coal donated at least $41 million.
Likewise, the administration has pushed regulatory changes and other executive actions that benefit Big Tech, tobacco interests, private equity firms and the defense and aerospace industry. (In all of the industries discussed here, individuals and firms may have benefited to different degrees from these actions.)
Danielle Alvarez, a spokeswoman for the R.N.C., said Mr. Trump “has governed and delivered results for every American,” citing his efforts to secure the Southern border and crack down on fentanyl trafficking, among other initiatives. She said Mr. Trump “is grateful to his donors, but unlike the politicians of the past, he isn’t bought by anyone.”
Donors who received invitations, access and praise
Hover to see donor details
Since retaking office, the president has lavished his post-election donors with praise and access to himself and his inner circle. In some cases, the attention can provide a competitive business advantage. In others, it may only mean bragging rights.
At least 100 donors have attended exclusive dinners and events with Mr. Trump at the White House, accompanied him on overseas trips that include meetings with foreign dignitaries and prospective business partners — or both. About half have popped up at multiple events. Regular visitors to 1600 Pennsylvania Avenue include Jensen Huang, chief executive of Nvidia; Lisa Su, chief executive of AMD; Tim Cook, chief executive of Apple; and others.
Mr. Trump is fond of using these presidential forums to call out friends and donors in the room.
“So many of you have been really, really generous,” Mr. Trump told donors to the ballroom project he convened at the White House for a thank-you dinner in October. He singled out defense contractor donors (representatives for Booz Allen Hamilton, Lockheed Martin and Palantir were in the room), saying the United States was “the greatest manufacturer of weapons.”
And it’s not just Mr. Trump.
The White House has used government platforms to praise major donors to a wider audience. At least 67 post-election donors have been positively featured, often multiple times, in official press releases, social media posts and other communications.
There is a flip side to Mr. Trump’s willingness to reward loyalty. His efforts to punish perpetrators of perceived slights have been an animating theme of his second term — and a motivating factor for at least some of the donors to his favored causes, according to three people familiar with the fund-raising.
They said that major donors and corporations fear incurring Mr. Trump’s wrath by not giving, or not giving as much as their rivals, and that they donate out of concern that he might publicly attack them or even use the levers of government against them. Donations, they said, serve as a form of protection — or, if things have already soured, as an olive branch.
But it’s no guarantee. For some companies that have given large sums since the election, Mr. Trump and his administration’s actions have not been exclusively helpful.
Pilgrim’s Pride, a massive poultry producer, donated $5 million to Mr. Trump’s inaugural committee, making it the biggest donor. Good news for the poultry industry followed: In April, the Trump administration withdrew a Biden-era proposal that would have required poultry companies to keep levels of salmonella bacteria under a certain threshold and to test for six dangerous salmonella strains.
And in June, after years of attempts, federal regulators approved a public listing on the New York Stock Exchange for JBS, the Brazilian firm that owns Pilgrim’s Pride. But then last month, Mr. Trump directed the Justice Department to investigate JBS and three other meat packing giants, accusing them of “driving up the price of beef through illicit collusion, price fixing and price manipulation.”
In another example, Mr. Trump’s relationship with Mark Zuckerberg has been a mixed bag over the years. But when Mr. Trump won last fall, Mr. Zuckerberg and Meta, the parent company of Facebook, Instagram and other platforms, took steps that seemed designed to appease the incoming president. Meta donated $1 million to his inauguration, as did other tech companies and executives that had occasionally been crosswise with Mr. Trump, including Amazon, Google and Apple’s chief executive, Mr. Cook. The companies’ executives were given prominent places behind Mr. Trump inside the Capitol rotunda as he was sworn in.
Days after the inauguration, Meta announced that it had agreed to pay $22 million to Mr. Trump’s library foundation to settle a lawsuit. Google agreed to donate a similar sum for the ballroom project to settle a similar suit. (Those settlement amounts are not included in the analysis presented in this article, nor are payments to the Trump library foundation by Paramount Global and ABC News to settle separate lawsuits brought by Mr. Trump.) Meta also donated at least $2.5 million for the ballroom project, according to a person familiar with the fund-raising.
And Amazon, Meta and Google each donated at least $200,000 to the White House Historical Association to sponsor the annual Easter Egg Roll. While Meta and Google had sponsored the event during the Biden administration, top sponsors have not traditionally been expressly offered access to a pre-event brunch with the first lady as a donor perk, according to a person familiar with the event.
The offer came from a private event production firm on contract with the association, and not the association itself, which does not offer access to the White House or first family as an inducement for donations, according to a person familiar with previous fund-raising efforts.
Mr. Zuckerberg unsuccessfully lobbied Mr. Trump and his aides to derail a federal antitrust lawsuit against Meta. (A judge dismissed the case on its merits last month.) But the company has won other victories from the administration. The Consumer Financial Protection Bureau ended an investigation into Meta’s advertising for financial products in September, amidst a Trump-led push to kill the agency. And Mr. Trump this month signed an executive order to neuter state laws that limit the artificial intelligence industry — a major growth area for Meta, Google and other tech companies.
(The New York Times has sued three tech companies that are among, or whose executives are among, the donors in this analysis — Microsoft, OpenAI and Perplexity — claiming copyright infringement of news content related to A.I. systems. The companies have denied the suits’ claims.)
As Mr. Trump’s term moves into its second year, there are signs that the president and his allies intend to continue the fund-raising push.
MAGA Inc. has already announced dinners for donors who give $1 million or more, with Mr. Trump at his golf club in the Virginia suburbs of Washington in January and at his Mar-a-Lago club in Palm Beach, Fla., in February, according to invitations reviewed by The Times.
And the Donald J. Trump Presidential Library Foundation has indicated in filings that it intends to raise $950 million before the beginning of Mr. Trump’s final year in office.
If anything, the buffet of options to which donors can give appears to be expanding.
Last week, Mr. Trump announced the creation of a new initiative called Freedom 250, which will raise money from corporations and donors to fund events and projects dear to him as part of the celebration of the 250th anniversary of the country’s independence. Those include an arch overlooking Washington in the style of the Arc de Triomphe in Paris, a National Garden of American Heroes, a prayer event on the National Mall and a four-day competition for high school athletes.
Freedom 250 will be housed inside the National Park Foundation, a nonpartisan nonprofit group. Last month, at the behest of the Trump administration, the foundation quietly added to its board Ms. O’Rourke, who will raise money for Freedom 250, and Chris LaCivita, who helped run Mr. Trump’s 2024 presidential campaign.
Ms. O’Rourke did not respond to a request for comment. Mr. LaCivita declined to comment.
Methodology
The Times created a database of every person, company and organization that Federal Election Commission filings indicated had donated at least $250,000 to the inaugural committee or MAGA Inc. after the 2024 election. After establishing this initial universe, The Times, through interviews and other reporting, expanded the database to include donors to Trump-supported groups and projects that — unlike the inaugural committee and MAGA Inc. — are not required to disclose their donors, including the White House ballroom project, the White House Easter Egg Roll and America250.
Reporters combed through documents and interviewed dozens of people to determine the donors behind each contribution (some of their identities were obscured in public filings by corporate structures), as well whether and how each donor may have benefited from actions by Mr. Trump or his administration. This involved reviewing lobbying disclosures; campaign finance and corporate filings; Securities and Exchange Commission reports; agency memos; government contracting databases; corporate and government press releases; White House pool reports; social media posts; transcripts, photographs and video from White House events; and other documents. The Times reached out to everyone identified as having benefited from actions by Mr. Trump or his administration. Some people and companies did not respond or declined to comment. Others said they did not benefit from the administration’s actions. And others did not dispute the characterization.
In some cases, companies had existing contractor relationships with the federal government; this analysis included new contracts and renewals only, not those awarded in previous administrations.
Politics
Trump and Iran Face Off in Iran War Negotiations
But while that is a new element in the talks, the cultural divide in how to negotiate is not.
That divide was evident 11 years ago, in the gilded halls of the 160-year-old Beau-Rivage Palace Hotel in Lausanne, Switzerland, where Secretary of State John Kerry and his counterparts from five other countries struggled to close a preliminary agreement with Iran. It was, perhaps, the closest analogue to what is unfolding now in Islamabad.
Every day the American delegation would speak about how many centrifuges had to be disassembled and how much uranium needed to be shipped out of country. Yet when Iranian officials — including Abbas Araghchi, now the Iranian foreign minister — stepped out of the elegant, chandeliered rooms to brief reporters, most of the questions about those details were waved away. The Iranians talked about preserving respect for their rights and Iran’s sovereignty.
“I remember we finally got the parameters agreed upon at the hotel,” Wendy Sherman, the chief U.S. negotiator at the time, said on Monday. “And then a few days later the supreme leader came out and said, ‘Actually, some very different terms were required.’”
Ms. Sherman, who went on to become deputy secretary of state in the Biden administration, would go into these negotiations with a large posse. She often had the C.I.A.’s top Iran expert in the room, or nearby. So was the energy secretary, Ernest Moniz, an expert in nuclear weapons design. Proposals floated by the Iranians would be sent back to the U.S. national laboratories, where weapons are designed and tested, for expert analysis of whether the agreements being discussed would keep Iran at least a year away from a bomb.
But Mr. Trump’s negotiating team travels light, with no entourage of experts and few briefings. Jared Kushner and Steve Witkoff, the president’s son-in-law and the special envoy, learned their negotiating skills in New York real estate and say a deal is a deal. They say they have immersed themselves in the details of the Iran program, and know it well.
Politics
Soros-linked dark money network fuels Virginia redistricting push backed by national Democrats
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Virginians for Fair Elections, a main group fighting to get Virginia voters to approve a ballot referendum that will allow the state to redraw its congressional maps, has been pumped with millions in cash from a web of George Soros-backed dark money groups and top Democratic Party officials.
The money the group has garnered ahead of Tuesday’s vote, which is poised to allow Democrats in the House of Representatives to potentially take four seats from Republicans going into the midterms, also comes from leading Democratic Party figures and organizations like Nancy Pelosi and the American Federation of Teachers (AFT).
Other left-wing juggernauts pumping money into the Democratic Party’s redistricting effort in Virginia include the Service Employees International Union (SEIU), Eric Holder’s National Democratic Redistricting Committee, which once championed the adoption of “independent redistricting commissions,” national green energy group the League of Conservation Voters, and the U.S. House of Representatives campaign arm for the Democratic Party, according to a Fox News Digital review of state campaign finance records and records from the Virginia Public Access Project (VPAP), which tracks public spending in Virginia.
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“Dark money is flooding into Virginia,” GOP strategist Matt Gorman told Fox News Digital. “Democrats talked all about the cost of living during the campaign, but all they did once in office was raise taxes and rig elections. It’ll be the same elsewhere across the country in 2026 too.”
A woman casts her vote at a polling place in Burke, Fairfax County, Virginia, in 2026. (Graeme Sloan/Bloomberg)
Fox News Digital reported in March that the left-wing group fighting to redraw Virginia’s maps raised more than $38 million, according to VPAP’s donation totals based on state campaign finance records. As of right before the mid-April referendum vote, just a handful of weeks later, that total ballooned to more than $64 million.
In 2026, the largest giver to Virginians for Fair Elections was House Majority Forward, the nonprofit counterpart of House Democrats’ House Majority PAC, which has donated over $38 million, records show.
Meanwhile, entities directly tied to Soros, or that obtained significant funding which can be traced back to the billionaire Democrat megadonor, come in second and third in terms of total giving to the group, per VPAP’s accounting of donation totals.
One of those groups, the Fund for Policy Reform Inc, was founded by Soros. The other, titled The Fairness Project, has been funded by groups like the Sixteen Thirty Fund, Hopewell Fund and the Tides Foundation, which Soros has given significant funding to.
George Soros pictured on the sidelines of the World Economic Forum in Davos, Switzerland, in January 2020. (Simon Dawson/Bloomberg via Getty Images)
DAVID MARCUS: DESPERATE DEMS TAP OBAMA TO PITCH VIRGINIA GERRYMANDERING LIES
Another one of the top donors to the left’s Virginians for Fair Elections is American Opportunity Action, described as “a pure pass-through entity” by Parker Thayer, a dark money expert from the conservative Capital Research Center. The group is so new that it does not even appear to have any 990s filed with the IRS but is still one of Virginians for Fair Elections’ top donors, according to VPAP and state campaign finance records.
Top Democratic Party members of Congress from outside Virginia, including Reps. Nancy Pelosi, D-Calif., Pete Aguilar, D-Calif., and Katherine Clark, D-Mass., also donated tens-of-thousands of dollars, according to a review of state campaign finance records. Democratic Virginia Sen. Tim Kaine’s leadership PAC donated $100,000 as well, while the Democratic Party of Virginia put up just shy of a million dollars, per VPAP’s accounting.
Meanwhile, a group founded by Obama wingman Eric Holder, who previously championed “independent redistricting commissions,” provided a more than $10,000 in-kind contribution to the left-wing redistricting group, state election filings show. The League of Conservation Voters, and the Soros-backed MoveOn.org were also among Virginians for Fair Election’s top donors. In terms of labor union support, SEIU gave half-a-million, while AFT gave $100,000.
CBS HOST PRESSES FORMER AG ON DEFENDING PARTISAN REDISTRICTING EFFORTS IN VIRGINIA
Fox News Digital reached out to Soros’ Open Society Foundations and the other top donors pumping thousands or millions into the redistricting battle, but did not receive a response ahead of publication.
“No one wanted to take this action, but in a democracy, we can’t let entire states rig their congressional maps just to bend to the will of one person,” Alexis Magnan-Callaway, a spokesperson for The Fairness Project, told Fox News Digital in March.
“We have to respond. This amendment is a temporary, one-time exception that gives Virginia voters a voice and meets the needs of the current moment, while ensuring Virginia’s bipartisan redistricting process will resume after the 2030 census,” she continued. “This isn’t about favoring one party over another. This is about restoring fairness across the board by temporarily changing Virginia’s congressional districts.”
A main group in Virginia opposing the redistricting effort led by Democrats, Virginians For Fair Maps, raised a little over $3 million at the time of Fox News Digital’s late March report. However, the right-wing redistricting group in Virginia appears to have gained some ground since then as well, albeit still far behind the left’s Virginians for Fair Elections funding totals.
As of just before the referendum vote Tuesday, the anti-redistricting referendum group raised its fundraising total to nearly $20 million, with most of that money coming from a group by the same name that is also a significant donor to the Virginia Republican Party.
Other donations to the group come from a series of several much smaller donors, such as $50,000 from the National Shooting Sports Foundation and $100,000 from a wealthy D.C.-area real-estate investor, who donates primarily to GOP campaigns. That investor is the top individual donor at $100,000 out of just a handful of individual contributions, according to VPAP.
Virginia Gov. Glenn Youngkin speaks during the Faith & Freedom Coalition’s Road to Majority Policy Conference at the Washington Hilton on June 22, 2024 in Washington, DC. (Samuel Corum/Getty Images)
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Former Virginia Gov. Glenn Youngkin, a Republican, has reportedly given more than $500,000 in efforts against the redistricting measure, per reporting from the Virginia Scope. He also has been a leading voice in Virginia holding events to campaign against the measure despite no longer being in office.
Wealthy tech entrepreneur and Republican donor Peter Thiel has reportedly donated to Justice for Democracy PAC, which has been part of the anti-redistricting effort alongside Virginians for Fair Maps as well.
Politics
Governor’s race wildly unpredictable two weeks before Californians receive ballots
The most unpredictable California governor’s race in recent history took another set of dizzying turns on Monday, with former Health and Human Services Secretary Xavier Becerra surging after former Rep. Eric Swalwell dropped out in the face of sexual assault and misconduct allegations, and former state Controller Betty Yee ending her bid.
The race to replace termed-out Gov. Gavin Newsom is the first in a quarter of a century with no clear front-runner and a sprawling field of candidates who have been jockeying for the attention of Californians, who are just beginning to pay attention to the campaign two weeks before ballots arrive in their mailboxes.
“I certainly could not have imagined the twists and the disturbing turns that this race has taken,” Yee said as she announced she was dropping out. “But through it all, my values and my vision for California has never wavered.”
A poll released Monday by the state Democratic Party — its first since Swalwell (D-Dublin) dropped out — showed Becerra’s support jumped nine points to 13%, placing him in a tie with Tom Steyer, the billionaire hedge fund founder turned environmental warrior. Former Rep. Katie Porter of Orange County saw a slight bump to 10% from 7%, while the remaining Democrats in the contest were mired in the low single digits.
The party began the surveys out of concern that Democrats could be shut out of the governor’s race because of California’s unique primary system, where the top two vote-getters in the June 2 primary move on to the November general election regardless of political party.
“I continue to believe there are too many Democrats in the field,” California Democratic Party Chairman Rusty Hicks told reporters Monday. “My call for candidates to honestly assess the viability of their candidacy and campaigns still stands, especially if you are stalled in the single digits, seeing financial resources dry up and/or are failing to pick up additional support.”
Hicks and other party leaders and allies had unsuccessfully urged low-polling candidates to reconsider their candidacies before the filing deadline in an attempt to cull the field and avoid splintering the Democratic vote. Though most did not name candidates who they thought should think about their viability, Yee was widely believed to be among them.
Yee became emotional as she said on Monday that she decided to withdraw from the race because she wasn’t able to raise the resources necessary to compete in the state. She also said her message of competency and experience wasn’t resonating among voters who were seeking a fiery foil to President Trump, not “Boring Betty,” as she dubbed herself. Yee said she would assess the field before making an announcement on whether she would endorse one of her fellow Democrats.
Becerra was another candidate believed to be a target of party leaders’ efforts to shrink the field. But he held on and apparently benefited from Swalwell’s downfall.
“I’m not the richest candidate, I’m not the slickest candidate, but I am the guy that’s got you,” Becerra said, rallying supporters in Los Angeles on Saturday.
The audience was filled with members of labor groups backing the longtime politician, and Becerra told them he’d serve as a “union man” in the governor’s office.
Pro- and anti-Becerra forces tussled outside the town hall after two people, who declined to identify whom they were working for, passed out fliers highlighting critical media investigations of the U.S. Department of Health and Human Services during the migrant crisis when the agency was led by Becerra.
Pro-Becerra attendees grabbed the fliers and told the men to go away, prompting a security guard to intervene.
The question is whether Becerra, who also served as state attorney general, a member of Congress and a state Assembly member, can raise the funds necessary to compete in a state with some of the nation’s most expensive media markets. And he was tied in the state party poll with a billionaire who dumped an additional $12.1 million of his own money into his campaign last week.
Steyer’s total investment in his bid reached $133 million, according to the California secretary of state’s office. He also received the endorsement of Our Revolution, a progressive political organization founded by U.S. Sen. Bernie Sanders (I-Vt.).
“We’ve never endorsed a billionaire — but Tom Steyer is using his position to upset the system,” the group posted on X on Monday. “As Our Revolution executive director Joseph Geevarghese told @theintercept, ‘He’s been a partner in the movement. Most billionaires have used their wealth and privilege to lock in the status quo. Tom is doing the opposite.’”
San Jose Mayor Matt Mahan, who is also running for governor, accused Steyer of hypocrisy for the hedge fund he founded profiting from investments in private prisons being used to house ICE detainees, and Steyer calling for the abolishment of ICE.
Steyer got “rich investing off the ICE infrastructure he now wants to abolish,” Mahan posted on Instagram.
Steyer, who sold his stake in the hedge fund in 2012, has said he ordered the company to divest from the private prison company and has repeatedly expressed remorse about his former firm’s ties with the detention company.
Mahan also appeared Monday at a Hollywood production lot to announce his proposal for a special fund to lure sporting events, concerts and other productions to California as part of his plan to help the struggling film and television industry.
An independent effort supporting Mahan has also raised roughly $11 million since Swalwell left the race.
Mehta reported from Los Angeles and Nixon from Sacramento. Times staff writer Dakota Smith contributed to this report.
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