Surge In LLC Contributions Brings More Mystery About True Donors
Huffington Post - 10 months
by Ashley Balcerzak
Donald Trump’s inaugural committee did well by almost any standard: Doubling the previous record for cash raised to fund festivities around a new president’s swearing-in, it took in contributions from every major sector of the economy, and from donors who had steered clear of his campaign prior to the election.
The committee also received about $10.6 million — or about 10 percent of its total raised — from roughly 60 limited liability companies, or LLCs — structures often set up by small businesses that provide favorable tax treatment while also protecting their owners’ assets.
But some exist mainly to mask people’s identities.
Names of many of the inaugural LLC donors are straightforward, like Altria Client Services LLC, which clearly is affiliated with the tobacco company. Others read like a can of alphabet soup just exploded: HFNWA LLC, which gave $1 million; BV-2 LLC, $350,000; HGI DB Fund LLC, $250,000; HGIM LLC Corporate, same amount; or HJK ...
Article Link: Huffington Post article