Categories: Massachusetts Business NewsMassachusetts LifestyleMassachusetts News

Trump Raises $4.1 Million for 2025 Inauguration in Massachusetts

Attendees gather at a fundraising gala for Trump's upcoming inauguration, showcasing the political engagement in Massachusetts.

News Summary

President Donald Trump has successfully raised nearly $4.1 million from donors and businesses in Massachusetts for his 2025 inauguration. This amount accounts for about 2% of the total funds raised across the country, which stands at approximately $239 million. Notable contributions include $1 million from Amazon and Meta, alongside a $5 million donation from Pilgrim’s Pride. Despite lower contributions compared to previous years, the fundraising reveals the evolving political landscape in Massachusetts, traditionally known for its Democratic voter base.

Boston – President Donald Trump has raised nearly $4.1 million from donors and businesses in Massachusetts in preparation for his 2025 inauguration. This sum represents just under 2% of the approximately $239 million total that has been raised for this significant event. This amount is considerably lower than the $107 million collected during Trump’s first inauguration in 2017.

Following the regulations set by the Federal Election Commission (FEC), Trump’s inaugural committee has submitted detailed information about the donors and the contributions made. The funds raised will be used for various activities associated with the inauguration, including the presidential oath of office and various galas and balls occurring in Washington, D.C.

Large contributions have come from notable corporations, with Amazon and Meta each pledging $1 million. The largest single donation was made by Pilgrim’s Pride, a poultry producer from Colorado, which contributed $5 million. Additionally, cryptocurrency firm Ripple Labs made waves with a significant donation of $4.9 million.

In contrast to Massachusetts, other states have seen higher levels of contributions. Pennsylvania raised $8.6 million, while Michigan brought in $6.4 million for the inauguration, showcasing Massachusetts’s predominantly Democratic voter base. Historically, Ronald Reagan was the last Republican candidate to win Massachusetts in 1984.

Among the prominent donors in Massachusetts, Boston Port Service, associated with billionaire Ernie Boch Jr., made a notable contribution of $1 million. DraftKings, headquartered in Boston, also participated with a donation of $502,000, while its rival FanDuel from New York contributed $482,000. The energy technology company GE Vernova based in Cambridge added $500,000 to the fundraising effort.

Individuals contributing significantly include Jessica Beeson Tocco, CEO of A10 Associates, who personally donated $101,652 and an additional $50,000 through her company. William McGann, the CEO of Quantum Computing Inc., made a comparable personal donation of $101,652. Michael Minogue, a competitor for the Massachusetts governor’s office, also contributed with a donation of $250,000.

MIT accounting professor Sriprakash Kothari, known for his prior support of the state GOP, donated $2,500, while GGBF Inc., a company based in Randolph, contributed $50,000 despite its president typically supporting Democratic candidates.

Interestingly, notable past donors, such as Jim Davis of New Balance and the Kraft Group, affiliated with the New England Patriots, did not participate in this year’s fundraising for the inauguration. This shift in donor activity reflects the broader changing political landscape within Massachusetts.

The information regarding donor contributions has been gathered and examined in part by CommonWealth Beacon, highlighting a keen interest in Trump’s fundraising methods for the coming inauguration. As the inauguration approaches, the fundraising efforts reveal not only the financial landscape of Trump’s political movement but also the evolving dynamics of political support in Massachusetts.