Trump transition raised $6.5 million

By Tal Kopan CNN

WASHINGTON (CNN) -- President Donald Trump's transition efforts raised more than $6.5 million according to government filings -- the vast majority of the donations coming after the election.

According to filings with the General Services Administration obtained by CNN through the Freedom of Information Act, Trump's transition fundraising vehicle, Trump for America Inc., raised $6,513,947.93 through February 14.

Donors included individuals, corporations and advocacy groups. Each entity is by law allowed to donate up to $5,000 maximum to transition efforts, which are financed in part by private fundraising and in part by federal funds.

While donations came in before the election, they ramped up right after.

For example, Financial Services Roundtable, a business friendly advocacy group for the financial services industry, donated $5,000 the day after the election. In the days that followed, American Coalition Clean Coal Electricity, Property Casualty Insurers Association of America, National Association of Wholesaler-Distributers and Independent Community Bankers of America (along with its PAC) all donated max amounts.

Major Trump donors trickled in before and after the election. Carl Icahn, a friend and adviser of Trump's donated his $5,000 on November 7, the day before the election. Miriam and Sheldon Adelson, the billionaire Republican financiers, donated on January 9, along with daughter Shelley. The Mercer family, a big backer of Trump's, donated meanwhile on September 27.

The transition effort brought in more than it spent. Trump's transition spent $4.6 million, according to the filings: roughly $1 million on payroll and taxes, almost $2 million on travel and relocation and almost $1 million on legal and consulting services.

Before losing the election, the Clinton transition raised $2.1 million. It spent $1.4 million.

This story will be updated.

TM & © 2017 Cable News Network, Inc., a Time Warner Company. All rights reserved.

Share this article:
Are you sure you want to delete this comment?
Are you sure you want to delete this comment?