Warren, Blumenthal, Stansbury Press Trump on Missing Millions Donated to Dissolved Trump Library Fund; New Big Tech CEO Responses Raise Fresh Questions

Warren, Blumenthal, Stansbury Press Trump on Missing Millions Donated to Dissolved Trump Library Fund; New Big Tech CEO Responses Raise Fresh Questions

Paramount, ABC, Meta, X indicated that they have no explanation or are unwilling to share information about where millions in settlement money have gone - or where it will go

As much as $63 million in settlement payments to Trump Presidential Library slush fund missing

"These are troubling answers…particularly given the vast tide of corruption and self-enrichment that has occurred during your Administration, and your ongoing attempts to seek massive personal payments from the federal government."

Text of Letter (PDF)

Paramount Response (PDF) ABC Response (PDF) Meta Response (PDF) X Response (PDF)

Washington, D.C. - In new responses to U.S. Senators Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-Conn.) and Representative Melanie Stansbury (D-N.M.), Big Tech CEOs indicated that they have no public explanation for where as much as $63 million in settlement money to Donald Trump's now-dissolved Presidential Library fund has gone. The lawmakers released these responses today and sent a new letter to President Donald Trump pressing for answers to solve the ongoing mystery of the missing millions.

"These are troubling answers…particularly given the vast tide of corruption and self-enrichment that has occurred during your Administration, and your ongoing attempts to seek massive personal payments from the federal government," wrote the lawmakers.

The Donald J. Trump Presidential Library Fund, Inc. was incorporated in late 2024 with a stated purpose "to preserve and steward the legacy of President Donald J. Trump and his presidency." From late 2024 to mid-2025, four Big Tech companies - Paramount, ABC, Meta, and X - contributed as much as $63 million in settlement payments to President Trump's future presidential library." But in September 2025, the Fund was administratively dissolved for failure to submit a mandatory annual report, and in December, the incorporator filed articles of dissolution - with no explanation.

The lawmakers wrote to the four companies in March 2026, seeking answers about the funds. Key points from the companies' responses include:

• ABC reported that its "parent company made a payment by wire on December 19, 2024, to . . . the escrow account established by the Plaintiff's counsel" and that "[i]n response to our recent ask for a status update, Plaintiff's counsel, on Thursday, March 19, 2026, provided written notice to us that the IRS has recognized the 501(c)(3) status of 'The Donald J. Trump Presidential Library Foundation, Inc.,' and requested that we provide written authorization for release of the funds to that entity." This response appears to indicate that ABC had no knowledge of the whereabouts of the contents of the Fund in the immediate aftermath of its dissolution, and the response still fails to provide clarity on whether the ABC settlement has been transferred to the Foundation.

• Paramount noted that it made a payment of $16 million and that "[w]ith respect to your questions regarding the disposition of funds and subsequent developments concerning the presidential library fund, the Company's involvement was limited to making the payment as specified in the Settlement Agreement" - providing no answers about the disposition of funds following the dissolution of the Foundation.

• Meta confirmed that it paid $22 million "to support a presidential library for President Trump . . . for the purpose of settling the pending claims" but refused to provide further "confidential" details.

• X likewise confirmed that it paid $10 million in a group settlement that included President Trump but refused to comment further on "confidentiality" grounds.

"The companies do not know or are unwilling to share their information about what happened to the millions of dollars given to the Fund," wrote the lawmakers. "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."

There have been no disclosures about the Fund's disposition of any funds, and the White House press office has not responded to requests for comment. There appears to be no individual taking responsibility for the closure of the Fund and disposition of its money: no Fund board members were ever appointed, and the only person to sign any of its public documents has minimized his role.

In May 2025, a second nonprofit, the Donald J. Trump Presidential Library Foundation Inc., was incorporated with the same stated purpose as the Fund. Questions remain as to why the Foundation was formed when the Fund already existed and whether any money held by the Fund was transferred to the Foundation once the Fund was dissolved.

"You owe the public an explanation," wrote the lawmakers to President Trump, requesting answers to a series of specific questions by May 1, 2026.

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