Exclusive: Tax docs show Trump library is counting on a $1B fundraising haul
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Exclusive: Tax docs show Trump library is counting on a $1B fundraising haul
"Donald Trump's presidential library foundation plans to raise almost a billion dollars in tax-exempt contributions over the next two years to build and operate his high-rise legacy project in downtown Miami, according to new tax filings, the Herald reported exclusively. The foundation's massive fundraising projections - during a period while Trump is still in office - are almost 50 times as much as Barack Obama's presidential library raised in its first three years."
"The foundation's massive fundraising projections - during a period while Trump is still in office - are almost 50 times as much as Barack Obama's presidential library raised in its first three years. Trump's foundation plans to bring in $50 million this year, $300 million in 2026 and $600 million in 2027 through "gifts, grants and contributions," according to the foundation's IRS application for tax-exempt status, obtained Tuesday by the Miami Herald. Read more at Miami Herald."
Donald Trump's presidential library foundation plans to raise almost $1 billion in tax-exempt contributions over the next two years to build and operate a high-rise legacy project in downtown Miami. The foundation projects $50 million in the current year, $300 million in 2026 and $600 million in 2027 through gifts, grants and contributions. The fundraising projections occur while Trump remains in office. The projected total is almost 50 times the amount Barack Obama's presidential library raised in its first three years. The figures appear in the foundation's IRS application for tax-exempt status.
Read at Sun Sentinel
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