The Presidential Inaugural Committee has raised at least $90 million — a record — to pay for the festivities and provide big donors some face time with the new administration. Donors at the $100,000 level even get a “policy discussion and dinner with select Cabinet appointees.”
In addition to the aerospace giant Boeing ($1 million donated) and the oil company Chevron ($500,000), AT&T, Verizon, and Coca-Cola are among the big companies helping fund the galas, balls, and other pomp and circumstance welcoming Trump to the White House on Friday.
Boeing’s and Chevron’s gifts are among the biggest known. Coca-Cola said this year’s donation will be in-line with what it gave in 2013, which was a little over $431,000. Verizon told Business Insider it’s contributing $100,000 to this year’s events. AT&T is also donating but declined to say how much.
Boeing is giving the same amount it did in 2013. However, Chevron seems to have dialed back its contribution. Chevron gave $1 million in 2013, according to OpenSecrets, a website that compiles federal campaign contributions and lobbying data.
Of course, the companies giving to the inauguration could be significantly affected by the Trump team’s policy proposals — and while that could be said of any business, it’s still difficult for ethics watchdogs to overlook.