tradingkey.logo

FACTBOX-Corporate America pledges donations for Trump's inauguration

ReutersJan 9, 2025 10:10 PM

Updates, adding Chevron and Adobe

- 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 ADBE.O has donated $1 million to the fund, a company spokesperson said.

CHEVRON

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

ALPHABET

Alphabet's GOOGL.O Google has donated $1 million, a company spokesperson said.

AMAZON.COM

Amazon AMZN.O 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 BAC.N, the second-largest U.S. lender, and investment bank Goldman Sachs GS.N 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 META.O 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 HOOD.O donated $2 million, a company spokesperson said.

UBER TECHNOLOGIES

Uber Technologies UBER.N and its CEO Dara Khosrowshahi donated $1 million each, a company spokesperson said.

(Reporting by Jaspreet Singh, Deborah Sophia, Harshita Mary Varghese and Rishi Kant in Bengaluru; Editing by Pooja Desai, Howard Goller and Diane Craft)

((Jaspreet.Singh@thomsonreuters.com; https://twitter.com/i_jass;))

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Related Articles