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Trump’s $14M transition fund raises questions over transparency and spending

A $14M war chest with no accountability? Trump’s transition team spends freely while keeping donors—and expenses—hidden from the public eye.

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In this picture, we see the man in the black blazer is standing. He is holding something in his...
In this picture, we see the man in the black blazer is standing. He is holding something in his hand and he is trying to talk something. In the background, we see a white banner and a white color board on which we can see the logos of the organizations.

Trump’s $14M transition fund raises questions over transparency and spending

Donald Trump’s second presidential transition has raised over $14 million in private donations. This time, the team refused public funding, allowing them to bypass contribution limits and disclosure rules. The move marks a shift from his first transition in 2016, which relied partly on taxpayer money and raised $6.5 million.

In 2016, Trump’s transition team collected $6.5 million and spent $4.7 million. Major donors included Linda McMahon and Howard Lutnick, who also served as co-chairs. However, the team never revealed how the funds were used.

This time, the teams login has gathered more than double the amount—over $14 million—with nearly all of it already spent. Chief of staff Susie Wiles claimed that private funding would save taxpayers money and promised donor transparency. Yet, the teams has not disclosed individual contributions or specific expenses.

Some donors from the current transition have also supported Trump’s 2024 campaign. However, no public records confirm whether any single donor contributed to both efforts. Unlike the first transition, the second has avoided federal funding, freeing it from legal requirements to reveal donor details.

The lack of financial transparency contrasts with Wiles’ earlier assurances. Without public funding, the teams faces no obligation to disclose spending or donor amounts. The full extent of contributions—and how they were used—remains unknown.

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