Trump's inaugural committee reports record-shattering fundraising of $107 million

WASHINGTON – President Donald Trump's inaugural committee said Tuesday that it raised nearly $107 million for festivities surrounding his Jan. 20 swearing-in, about double the haul for any other incoming president.

The previous high was $53 million for President Barack Obama's first inauguration in 2009.

Trump's team set no limits on what corporations and individuals could contribute to the inaugural committee, which coordinated more than 20 events over six days to mark the arrival of the new Republican president.

A filing by the committee with the Federal Election Commission was not yet available as of Tuesday evening.

In a statement, Trump's committee said it is in the process of identifying charities that will receive contributions from leftover funds. The committee did not say how much money remains.

"The amount of funds raised for the inaugural celebration allowed the President to give the American people, those both at home and visiting Washington, a chance to experience the incredible moment in our democracy where we witness the peaceful transition of power, a cornerstone of American democracy," the committee's chairman, Tom Barrack, said in a statement.

Inaugural festivities included a concert held at the Lincoln Memorial; a traditional inaugural parade; and three inaugural balls.