White · Fortune Technology
In October, the White House released a list of 37 donors who are funding the East Wing renovations
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There were also several individual or family donors, including the Adelson Family Foundation, Secretary of Commerce Howard Lutnick’s family, Blackstone CEO Stephen A.
Key facts
- This would be an 866% increase from the estimated $39 million spent on White House repairs during fiscal year 2025
- Some $350 million of the estimated $377 million is considered mandatory spending, a designation used for programs Congress funds by statute, such as Medicare and Social Security, rather than yearly
- Trump repeatedly said that taxpayers will not foot the $400 million bill for the 90,000-square-foot ballroom renovation
- The White House will spend $377 million for renovations and repairs for the presidential residence this year, according to the president’s budget released on Friday
Summary
Last October, the scene of demolition crews using a backhoe to tear down the East Wing of the White House was so dramatic that it became an impromptu tourist attraction. The White House will spend $377 million for renovations and repairs for the presidential residence this year, according to the president’s budget released on Friday. The money mostly comes from donors, an Office of Management and Budget official told Fortune. In October, the White House released a list of 37 donors who are funding the East Wing renovations, including Big Tech companies such as Meta Platforms, Apple, Google, and Amazon. The budget does not specify what projects the funding will go toward, but an Office of Management and Budget official told Fortune that the money will cover all repair, renovation, construction, and security costs.