• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipDonald Trump

Trump’s Team to Raise Millions for Inauguration Festivities

By
The Associated Press
The Associated Press
Down Arrow Button Icon
By
The Associated Press
The Associated Press
Down Arrow Button Icon
November 26, 2016, 3:14 PM ET
US-POLITICS-TRUMP
Melania Trump (C) and Baron Trump (L), the wife and son of US President-elect Donald Trump, board a sports utility vehicle upon arrival at Palm Beach International Airport in West Palm Beach, Florida on November 22, 2016. / AFP / MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)MANDEL NGAN AFP/Getty Images

The scramble to shape his administration underway, President-elect Donald Trump’s team has simultaneously begun turning its attention to raising tens of millions of dollars for festivities related to his Washington inauguration.

Trump, who vowed during the campaign to “drain the swamp” of special interests corrupting Washington, has set $1 million donation limits for corporations and no limits for individual donors, according to an official on the Presidential Inaugural Committee with direct knowledge of tentative fundraising plans. At the same time, Trump’s inaugural committee will not accept money from registered lobbyists, in line with his ban on hiring lobbyists for his nascent administration.

Barack Obama set stricter limits on donations for his first inauguration, in 2009, holding individual donors to $50,000 each and taking no money from corporations or labor unions, as well as none from lobbyists and some other groups. Plenty of corporate executives, though, gave individually and often at the maximum amount. And he opened the spigots for his 2013 inauguration, setting no limits on corporate or individual donations.

The new details, confirmed Thursday on the condition of anonymity because the official was not authorized to disclose private deliberations, came as Trump gathered with family at his Palm Beach estate Mar-a-Lago on Thanksgiving.

For Now, Melania Trump Plans to be Long-Distance First Lady

Trump’s team would not say exactly which family members joined him for dinner, although he arrived in Florida earlier in the week with his wife, Melania, and youngest son, 10-year-old Barron.

They dined with other Mar-a-Lago members from a Thanksgiving menu that featured “Mr. Trump’s wedge salad” and main course offerings like oven-roasted turkey, leg of lamb, Chilean sea bass, and braised short ribs, according to a menu provided by a spokeswoman. The dessert options included pumpkin pie, toasted coconut cake, warm brownie pockets and hot apple crisp.

It was a working holiday of sorts for Trump, who suggested on Twitter that he was engaged in trying to prevent an Indiana air conditioning company from moving jobs to Mexico.

“I am working hard, even on Thanksgiving, trying to get Carrier A.C. Company to stay in the U.S.,” Trump tweeted. “MAKING PROGRESS – Will know soon!”

The company, which has announced plans to move 1,400 jobs to Mexico from Indiana in the coming years, confirmed Thursday it “has had discussions with the incoming administration,” but said there was “nothing to announce at this time.”

Donald Trump: ‘I Worked Hard’ with Ford to Keep KY Plant from Mexico

On the eve of the national holiday, the president-elect offered a prayer for unity after “a long and bruising” campaign season.

“Emotions are raw and tensions just don’t heal overnight,” Trump said in a video message on social media. He added, “It’s my prayer that on this Thanksgiving we begin to heal our divisions and move forward as one country strengthened by shared purpose and very, very common resolve.”

Unity has emerged as a common theme during Trump’s limited public appearances in the days since his stunning general election victory, which followed a campaign season in which he rained extraordinary personal attacks on his opponents in both parties, the media and his many Republican critics.

Unity would also be a theme for the incoming president’s Jan. 20 inauguration, the official said.

For more on Trump, watch:

While Trump’s fundraising plans have not been completed, he is expected to raise significantly more than the $43 million Obama raised for his 2013 inauguration. Taxpayers cover the cost of official activities such as the swearing-in, but outside donations pay for the many related balls and parties.

Trump has focused most of his attention in the two weeks since his victory on building a White House team from scratch.

He injected the first signs of diversity into his Cabinet-to-be on Wednesday, tapping South Carolina Gov. Nikki Haley to serve as U.S. ambassador to the United Nations and charter school advocate Betsy DeVos to lead the Department of Education. They are the first women selected for top-level administration posts. And Haley, the daughter of Indian immigrants, would be his first minority selection after a string of announcements of white men.

Retired neurosurgeon Ben Carson on Wednesday said “an announcement is forthcoming” on his position, which would make him the first black choice—possibly as secretary of housing and urban development. But he also suggested he’d be thinking about it over the Thanksgiving holiday.

First Lady Kicks Off Obamas’ Final White House Christmas

Trump is also expected to select billionaire investor Wilbur Ross Jr. to lead the Commerce Department, a senior Trump adviser said on condition of anonymity because the adviser was not authorized to disclose internal deliberations. The 78-year-old Ross, who is white, is chairman and chief strategy officer of private-equity firm W.L. Ross & Co., which has specialized in buying failing companies.

Trump is spending the Thanksgiving holiday at Mar-a-Lago after a week of interviewing potential appointees in New York, punctuated by announcements of members of his national security team.

He is expected to stay in Florida through the weekend.

About the Author
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

cox
C-SuiteWealth
Billionaires have a problem money can’t solve: They don’t know how to talk to their kids
By Nick LichtenbergMay 1, 2026
12 hours ago
male engineer working under pylon
EnergyElectricity
Utility CEOs pocket $626 million as American energy bills hit record highs
By Tristan BoveMay 1, 2026
12 hours ago
Fortune 500 Power Moves: Which executives gained and lost power this week
C-SuiteFortune 500 Power Moves
Fortune 500 Power Moves: Which executives gained and lost power this week
By Fortune EditorsMay 1, 2026
14 hours ago
Young trade worker learning on job
SuccessHiring
Forget Big Tech: Small businesses will hire nearly 1 million grads in 2026—and some of the hottest roles are gloriously AI-proof
By Emma BurleighMay 1, 2026
15 hours ago
Andrew McAfee
SuccessCareers
MIT AI expert warns automating Gen Z entry-level jobs could backfire—and cost companies their future workforce
By Preston ForeMay 1, 2026
15 hours ago
francis
CommentaryFlorida
Former Miami Mayor Francis Suarez: Why I’m joining Stephen Ross and Ken Griffin in betting big on ambitious business leaders
By Francis SuarezMay 1, 2026
16 hours ago

Most Popular

Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
Personal Finance
Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
By Fatima Hussein and The Associated PressMay 1, 2026
17 hours ago
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
North America
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
By Jake AngeloApril 30, 2026
2 days ago
The U.S. economy is booming — just not where 50 million Americans live
Commentary
The U.S. economy is booming — just not where 50 million Americans live
By Derek KilmerMay 1, 2026
22 hours ago
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
5 days ago
Accenture's Julie Sweet blew up 50 years of company history. She says the hardest part is still ahead
Conferences
Accenture's Julie Sweet blew up 50 years of company history. She says the hardest part is still ahead
By Nick LichtenbergApril 29, 2026
3 days ago
Current price of oil as of May 1, 2026
Personal Finance
Current price of oil as of May 1, 2026
By Joseph HostetlerMay 1, 2026
18 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.