Three congressional Democrats said on Thursday that as much as $21.5 million paid by ABC, Meta, Paramount and X to settle lawsuits brought by President Donald Trump is missing or has been spent without explanation and requested a full accounting from the foundation building his presidential library.
In a letter to the treasurer of the Donald J. Trump Presidential Library Foundation, Sens. Elizabeth Warren, D-Mass., and Richard Blumenthal, D-Conn., and Rep. Melanie Stansbury, D-N.M., cited discrepancies between Trump’s newly released financial disclosures and the foundation’s own filings with Florida charity regulators. The letter asks the treasurer to explain the discrepancies, which the lawmakers discovered after Trump released his annual financial disclosure forms earlier this month. Democratic lawmakers opened an investigation into the settlement funds earlier in March.
Trump’s disclosure form, filed in late June with the Office of Government Ethics, indicates that Meta, ABC and Paramount paid a combined $56.5 million in settlements, with net proceeds going to the foundation. X paid an additional $8 million, but the disclosure does not say where that money went. The four settlements total $64.5 million.
The Trump Library foundation, however, listed $50 million in revenue in a financial reporting form submitted to the Florida Department of Agriculture and Consumer Services in October 2025 — a figure described as a proposed budget of expected fundraising.
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