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Democrats are pressing President Donald Trump for answers on what happened to tens of millions of dollars in settlements that were supposed to go toward his presidential library fund, but are now missing.
Four Big Tech companies – Paramount, ABC, Meta and X – paid out millions of dollars in settlements in late 2024 and early 2025 after Trump sued them, and that money was supposed to go toward The Donald J. Trump Presidential Library Fund, Inc. But the president dissolved the fund in December, and in subsequent letters to lawmakers, none of those four companies could or would say where their money went.
In a new letter sent to Trump on Monday, lawmakers said as much as $63 million is now missing, all of which is required by law to go toward charitable purposes.
“The companies do not know or are unwilling to share their information about what happened to the millions of dollars given to the Fund,” reads the letter, signed by Sen. Elizabeth Warren (D-Mass.), Sen. Richard Blumenthal (D-Conn.) and Rep. Melanie Stansbury (D-N.M.).
“This leaves the public completely in the dark about what happened to the Fund, whether there was any money in it when it was dissolved, what happened to that money upon the Fund’s dissolution, and why a second entity with the same purpose as the Fund was created in the first place,” they wrote. “This is a deeply troubling set of questions, particularly given the vast tide of corruption and self-enrichment that has occurred during your Administration.”
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The lawmakers give Trump until May 1 to answer a series of questions about where that money is and why he launched a second nonprofit, the Donald J. Trump Presidential Library Foundation, Inc., with the same stated purpose as his now-defunct fund.
