RNC scrambling for $6 mil as corporations pull out of convention
The Republican Party is desperately trying to fill a $6 million hole because of dried-up corporate sponsorships that want nothing to do with a Trump-helmped event.
The long list of companies who contributed money in 2012, but reneged on at least $8.1 million in donations this year, was included in a letter from the host committee to billionaire donors Sheldon and Miriam Adelson. The letter, first reported by Politico, urged the couple to make up the missing $6 million the committee still needs in order to meet its goal of $64 million.
“Over the past couple months, negative publicity around our potential nominee resulted in a considerable number of pledges backing out from their commitments,” the letter says, according to Politico.
Last month, Wells Fargo, UPS, Motorola, JPMorgan Chase, Ford, and Walgreens all said that they would not be sponsoring this year’s convention, despite contributing money in 2012. That list has continued to grow, and now includes other major corporations and donors like David Koch, FedEx, Visa, Pepsi, Coca-Cola, Apple, BP, and United Health. Koch and Coca-Cola were each committed to donating $1 million before they backed out.
Though many of the corporations didn’t cite reasons for their decisions, critics pressing them to withdraw have pointed to Donald Trump’s anti-Muslim fear-mongering, hateful rhetoric toward immigrants, women, and other minorities, and the violence he has inspired in his supporters.