Contract reveals fundraising deal for financing Trump's East Wing overhaul
Source: CBS News
April 21, 2026 / 6:24 PM EDT
Washington A newly revealed agreement between the White House, the National Park Service and the nonprofit Trust for the National Mall shows the inner workings of how President Trump and his allies are financing a $400 million overhaul of the White House East Wing.
The 14-page document, which was obtained by the left-leaning advocacy group Public Citizen and shared with CBS News, empowers the Trust to "accept donations in an amount sufficient to cover all costs" of the project, as determined by the White House. The agreement was signed by the parties in October 2025. The agreement says that the Trust stands to receive a 2.5% fee on funds collected for the project, which CBS News reported soon after it was signed. That fee dips to 2% for any money raised in excess of $200 million.
President Trump has said the $400 million renovation is fully financed, meaning the Trust stands to yield around $9 million. Public Citizen sued to obtain the document under the Freedom of Information Act. "This is the first time we don't have to take the word of the White House we can see details of this scheme in black and white," said Jon Golinger, a democracy advocate for the group.
The agreement ensures that all parties involved will "preserve the anonymity and privacy of any donor who wishes to remain anonymous." So far, the White House has provided the names of about three dozen individual and corporate donors, but declined to say how much each has given.
Read more: https://www.cbsnews.com/news/trump-east-wing-ballroom-contract-fundraising/
Link to AGREEMENT (PDF) - https://assets1.cbsnewsstatic.com/hub/cms/prod_cms_alt/file/2026/04/21/5383e2f2-3381-43f3-afd2-7a40e9289909/26-000596_psa_redacted.pdf
Whip-poor-will
(350 posts)Looks like pure bribery secert doners are not secret to the Rapist president.
sop
(18,923 posts)"As the leading nonprofit, nonpartisan philanthropic partner of the National Park Service, the Trust for the National Mall is dedicated to restoring, enriching and preserving the National Mall. The Trust brings private funding, project expertise and in-kind support to help elevate the National Mall and its historic purpose, especially significant as we approach Americas 250th in 2026. The Trust leads capital restoration projects, mobilizes volunteer operations and provides innovative educational experiences to ensure the National Mall, with 36 million visits each year, endures and inspires now and for future generations."
"The Trust is also the philanthropic partner of The White House grounds and Presidents Park, adjacent to the National Mall providing volunteers for the White House Garden Tours and supporting capital improvements for the White House grounds."
https://nationalmall.org/
Who founded the Trust for the National Mall?
"John 'Chip' Akridge III, a Washington, D.C. commercial real estate developer, founded The Trust for the National Mall in 2007. Motivated by the deteriorating state of the monuments, Akridge worked to establish the non-profit as the official philanthropic partner of the National Park Service to fund and restore the area."
John 'Chip' Akridge III, Washington, wealthy and influential D.C. commercial real estate developer, describes himself as a "conservative Republican."
https://washingtonian.com/2006/11/01/business-hall-of-fame-john-e-akridge-iii/
Akridge is getting a 2.5% cut from all the money raised for Trump's ballroom? This whole "Trust" thing sounds fishy as hell to me.
Icanthinkformyself
(407 posts)describes an organization that promotes expanding people's rights, holding those in power accountable for what they do and otherwise supports democracy is "the left-leaning advocacy group Public Citizen". So, that means, according to CBS propaganda, that the right believes the opposite. It's surely not what they meant, but they are, inadvertently, correct.
aggiesal
(10,856 posts)Mierda47 is not going to be happy about this.
nuxvomica
(14,149 posts)First of all, why would a donor want to be anonymous? You would think they would be proud to have their name on the donor list for what would likely be an iconic Washington landmark. But ultimately it won't be built. The financing scheme basically launders funds through two entities before it all goes to the White House, which means Trump's pocket.
maxsolomon
(38,941 posts)His permanent mark on the Presidency.
Donors can hide their names if they wish. The report says "2 dozen" donor's names are already public.
This Trust is collecting the donation money and giving it to the NPS to pay for the construction. TBH, 2.5% isn't that much - they have administrative costs.
wnylib
(26,252 posts)In other words, what are they buying from TSF?