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Biden Inaugural Committee Took in Millions from Corporations, Unions, Billionaires

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President Joe Biden’s inaugural committee brought in millions of dollars from some of the largest companies and most prominent billionaires in the country, according to a report filed with the Federal Election Commission on Tuesday.

The donors helped Biden reach nearly $62 million between Nov. 25, 2020, and April 19 to fund Biden’s inauguration activities, The Hill reported.

Lockheed Martin and Boeing, two of the largest defense contractors in the United States, donated $1 million each to the committee.

Uber, Comcast, AT&T, Bank of America, Pfizer and Qualcomm also gave the maximum donation of $1 million to the inaugural fund, according to Politico.

Inaugural committees, unlike presidential and congressional campaigns, are not prohibited from accepting corporate donations.

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Biden reportedly banned the committee from taking donations from lobbyists, foreign agents and fossil fuel companies.

However, corporate companies could contribute up to $1 million and individuals could donate up to $500,000.

At least 18 billionaires donated to the committee, Forbes reported.

These include Bill and Melinda Gates, who gave $500,000, and Citadel LLC founder and CEO Ken Griffin, who also gave $500,000.

Are you surprised by some of these donors?

Hearing aid billionaire Bill Austin gave $100,000 to the committee.

Griffin and Austin had both previously donated to former President Donald Trump. Griffin gave $100,000 to Trump’s inaugural committee in 2017 and Austin donated $1 million to a Trump fundraising committee in 2020.

Big Tech companies Amazon and Google contributed $276,000 and $337,000, respectively, to Biden’s committee, according to The Hill.

Politico reported other $100,000 donors include Ford, Airbnb, Doordash, Walmart, Verizon, Microsoft, PepsiCo, FedEx and General Motors.

The National Football League also gave $100,000 to the committee.

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Unions hoping to get bills passed in their favor, including the United Association and The American Federation of Teachers, also contributed big money to Biden’s committee.

Those who gave $500,000 to Biden’s committee were told they would receive some exclusive perks as part of their “donor packages,” including an invitation to receive virtual signed photos featuring Biden and Vice President Kamala Harris, VIP tickets to a nondisclosed in-person future event and exclusive merch, according to a document The New York Times reported on in December.

Biden surpassed former President Barack Obama’s inauguration fundraising amounts in both 2009 and 2013 but fell behind Trump’s record-setting $107 million from his 2017 inaugural fund.

Most of Trump’s donations came from billionaire mega-donors, including Sheldon Adelson who contributed $5 million, according to The Hill.

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Erin Coates was an editor for The Western Journal for over two years before becoming a news writer. A University of Oregon graduate, Erin has conducted research in data journalism and contributed to various publications as a writer and editor.
Erin Coates was an editor for The Western Journal for over two years before becoming a news writer. She grew up in San Diego, California, proceeding to attend the University of Oregon and graduate with honors holding a degree in journalism. During her time in Oregon, Erin was an associate editor for Ethos Magazine and a freelance writer for Eugene Magazine. She has conducted research in data journalism, which has been published in the book “Data Journalism: Past, Present and Future.” Erin is an avid runner with a heart for encouraging young girls and has served as a coach for the organization Girls on the Run. As a writer and editor, Erin strives to promote social dialogue and tell the story of those around her.
Tucson, Arizona
Graduated with Honors
Bachelor of Arts in Journalism, University of Oregon
Books Written
Contributor for Data Journalism: Past, Present and Future
Prescott, Arizona
Languages Spoken
English, French
Topics of Expertise
Politics, Health, Entertainment, Faith