The super PAC affiliated with President Donald Trump’s raised $177 million in the first half of 2025, new fundraising reports show \u2014 with GOP megadonors, key Trump allies (including some government officials), big business, a secret-money group and the mother of a man who received a presidential pardon among those filling the group’s coffers ahead of next year’s midterms.<\/p>\n\n\n\n
Even in an era of overflowing money in politics, the massive sum sticks out. It is a sign that Trump’s political operation will continue to wield major influence even though Trump himself is barred by term limits from running for president again.<\/p>\n\n\n\n
The group spent just $4.6 million over that time, meaning it has more than $196 million banked away as Trump continues to put his stamp on the Republican Party and looks to keep Congress in GOP control in the 2026 midterm elections.<\/p>\n\n\n\n
Trump also has yet more money nestled away in other committees he can use for various political causes.<\/p>\n\n\n\n
The list of MAGA Inc. donors included Elizabeth Fago of Florida, who made a donation of $1 million on April 3. Nursing home executive Paul Walczak, Fago’s son, received a pardon from Trump on April 23 after having pleaded guilty to tax crimes months earlier. According to The New York Times<\/a>, Walczak\u2019s pardon application highlighted Fago\u2019s political activity, and Fago attended a pricey fundraiser for the Trump super PAC shortly before Walczak received a pardon.<\/p>\n\n\n\n Fago’s $1 million donation exceeds all of her previous individual donations to GOP campaigns combined, according to Federal Election Commission records.<\/p>\n\n\n\n Billionaire GOP megadonor Jeff Yass, who donated $16 million to the group, was the Trump super PAC’s top donor. After he sent MAGA Inc. $1 million days before Trump’s inauguration, Yass gave $15 million more in early March.<\/p>\n\n\n\n His trading firm holds a significant stake<\/a> in the parent company of the Chinese social media giant TikTok, and Trump has repeatedly delayed implementing legislation banning the app<\/a> in America until it could be sold to an American owner.<\/p>\n\n\n\n The second-largest donation in the new report, $13.75 million, came from a nonprofit group called Securing American Greatness Inc. The nonprofit group popped up in 2024<\/a> and ran ads on Trump’s behalf ahead of last year’s election, and it doesn’t have to publicly disclose its donors.<\/p>\n\n\n\n Kelcy Warren, the head of the energy company Energy Transfer LP, gave the Trump super PAC $12.5 million, while the cryptocurrency firms Foris DAX and Blockchain.com gave $10 million and $5 million, respectively.<\/p>\n\n\n\n Elon Musk also chipped in $5 million to MAGA Inc. on June 27, when he also gave the same amounts to the main Republican super PACs<\/a> involved in House and Senate races.<\/p>\n\n\n\n Musk spent heavily to help Trump win last year and joined his White House. But just weeks before his donation to the pro-Trump group, he left the White House while criticizing Trump’s signature tax cuts and spending bill and attacking Trump for his ties to convicted sex offender Jeffrey Epstein.<\/p>\n\n\n\n Kelly Loeffler, who is now a member of Trump’s Cabinet as head of the Small Business Administration, gave $2.5 million to MAGA Inc. on June 25. Her husband, Intercontinental Exchange CEO Jeffrey Sprecher, gave another $2.5 million.<\/p>\n\n\n\n Jared Isaacman, the billionaire entrepreneur Trump tapped to lead NASA before he pulled his nomination in May<\/a>, gave the group $1 million on the final day of June.<\/p>\n\n\n\n And Warren Stephens, the Arkansas-based businessman whom Trump nominated as his ambassador to the United Kingdom, gave $1 million.<\/p>\n\n\n\n Other prominent donors include:<\/p>\n\n\n\n\n