Former President Donald Trump, who has recently been on a winning streak in court with Supreme Court granting him immunity from some criminal charges and his New York sentencing delayed, is facing financial difficulties with his legal fees. Trump’s Save America PAC, which was set up to finance post-election lawsuits, currently has $1.6 million in debts to Trump’s attorneys and only $3 million in cash. Despite this, Trump is not too concerned as his biggest donors, which include billionaires, are expected to replenish the PAC’s funds.
Initially, the Save America PAC was well-funded, lending $60 million to another Trump PAC and receiving refund checks to keep it afloat. However, these checks stopped in April, leaving the PAC struggling financially. Trump has since turned to the Trump 47 Joint Fundraising Committee to raise funds for his legal bills. This committee prioritizes Trump’s legal fees over contributions to the Republican National Committee, with the first $6,600 from individual donors going towards the Trump campaign and Save America PAC.
High-profile donors to the Trump 47 Committee, who have given at least $11,600, include Miriam Adelson, Don Ahern, John Catsimatidis, Diane Hendricks, Palmer Luckey, Stephen Schwarzman, and Paul Singer. Additionally, well-known Trump allies such as Jared Kushner and MyPillow CEO Mike Lindell are also contributors to the PAC. With over 1,100 donors giving $11,600 or more, Save America is set to receive a substantial influx of funds to help cover Trump’s legal expenses.
Despite the recent fundraising efforts, Save America’s reserves are at their lowest with only $3 million in cash on hand at the end of June. With monthly expenses ranging between $4 million and $7 million, the new donations from the Trump 47 Committee will provide some relief. However, it may not be enough to cover Trump’s legal bills in the coming months. The ex-president will need to continue seeking support from new wealthy donors to keep his legal fund afloat.
It is crucial for Trump to maintain financial support for his legal battles as his legal fees are expected to continue accumulating. Save America’s reliance on donations from wealthy contributors highlights the ongoing challenges in funding Trump’s legal defense. With the pressure mounting to cover his legal expenses, the ex-president will need to engage with more donors to ensure he has the necessary funds to navigate the legal challenges ahead.
Overall, Trump’s financial struggles with his legal fees highlight the importance of maintaining a robust fundraising effort to cover mounting expenses. With ongoing legal battles and mounting debt, Trump will need to continue seeking support from wealthy benefactors to ensure his legal fund remains stable. As the ex-president navigates his legal challenges, the financial support from donors will be crucial in allowing him to address his legal issues effectively.
