President-elect Donald J. Trump is keeping secret the names of the donors who are funding his transition effort, a break from tradition that could make it impossible to see what interest groups, businesses or wealthy people are helping launch his second term.
Mr. Trump has so far declined to sign an agreement with the Biden administration that imposes strict limits on that fund-raising in exchange for up to $7.2 million in federal funds earmarked for the transition. By dodging the agreement, Mr. Trump can raise unlimited amounts of money from unknown donors to pay for the staff, travel and office space involved in preparing to take over the government.
Mr. Trump is the first president-elect to sidestep the restrictions, provoking alarm among ethics experts.
Those seeking to curry favor with the incoming administration now have the opportunity to donate directly to the winning candidate without their names or potential conflicts ever entering the public sphere. And unlike with campaign contributions, foreign nationals are allowed to donate to the transition….
Mr. Trump’s transition team, formally known as Trump Vance 2025 Transition Inc., has revealed nothing about how much money it hopes to raise, who has contributed to the fund or how it is spending the money.
The current Trump transition, like its predecessors, is set up as a “dark money” nonprofit. Those groups typically do not have to disclose their donors, even to the Internal Revenue Service. But unlike Mr. Trump’s team this year, earlier transitions accepted financial support from the General Services Administration, which oversees much of the transition process. In exchange for that federal money, they agreed to conditions that other dark-money nonprofits do not have to follow, like capping individual contributions at $5,000 and disclosing the names of their donors.
When Barack Obama won the presidency in 2008, his transition raised $4.5 million while restricting donations to a maximum of $5,000, and pledging to refuse money from corporations, labor unions, political action committees, lobbyists and registered foreign agents. Nearly 60,000 people contributed, with an average donation of about $75….