Lawmakers are pressing major corporations for details on tens of millions of dollars pledged to a planned Donald Trump presidential library, after the nonprofit originally meant to receive the funds was dissolved quietly last year.
Sens. Elizabeth Warren, D-Mass., and Richard Blumenthal, D-Conn., along with Rep. Melanie Stansbury, D-N.M., sent letters to executives at companies including ABC, Meta, Paramount and X, seeking details on at least $63 million in commitments those companies made as part of legal settlements with Trump or his allies. The letters seek to clarify whether the funds were ever transferred, and if so, how they have been used.
The Donald J. Trump Presidential Library Fund Inc., the nonprofit originally designated to receive the money, was dissolved in 2025. A successor organization, the Donald J. Trump Presidential Library Foundation Inc., has reported receiving $50 million, but has not confirmed the source of those funds, leaving it unclear whether the settlement pledges were fulfilled or redirected.
The inquiry comes amid growing scrutiny over the flow of money and assets tied to Trump’s presidency and post‑presidential plans, including reports that a luxury Boeing 747‑8 jumbo jet — valued at about $400 million and offered by the Qatari government for use as Air Force One — could potentially be transferred to the Trump library foundation after he leaves office.
The congressional investigation was first reported by The Washington Post.
Lily Becker is a producer on “The Weeknight” for MS NOW.
David Rohde
David Rohde is the senior national security reporter for MS NOW. Previously he was the senior executive editor for national security and law for NBC News.