Factbox-Corporate America pledges donations for Trump's inauguration
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
(Reuters) - Companies ranging from finance majors to Silicon Valley behemoths are pledging donations to Donald Trump's inaugural fund as business leaders rush to ensure a favorable relationship with the U.S. president-elect after his November election win.
Trump is set to take office in January and executives are hoping a positive rapport with his administration, such as the one Tesla boss Elon Musk has established, could mean notable benefits for their companies.
Below is a list of companies that are contributing funds for Trump's inauguration for his second term in the White House.
ROBINHOOD MARKETS
Retail trading platform Robinhood Markets donated $2 million, a company spokesperson said.
UBER TECHNOLOGIES
Uber Technologies and its CEO Dara Khosrowshahi donated $1 million each, a company spokesperson told Reuters.
AMAZON.COM
Amazon is donating $1 million. The company will also air the inauguration event on its Prime Video service, an Amazon spokesperson said.
META PLATFORMS
Meta Platforms 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 confirmed.
"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.
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.
(Reporting by Jaspreet Singh, Deborah Sophia, Harshita Mary Varghese and Rishi Kant in Bengaluru; Editing by Pooja Desai)
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