December 2, 2020 •
Fossil Fuel Companies Won’t Be Powering Biden’s Inauguration
President-elect Joe Biden’s newly formed inauguration committee will not be accepting contributions from registered federal lobbyists, foreign agents registered under the Foreign Agent Registration Act, or from fossil fuel companies, their executives, or PACs organized by them.
The Biden Inaugural Committee, a 501(c)(4) non-profit entity named PIC 2021, Inc., will still accept contributions from American corporate entities and associations to fund the celebratory events of the January 20, 2021 inauguration.
The contributions, which are not tax deductible as charitable contributions for federal income tax purposes, will also be accepted from labor organizations, U.S. citizens, and lawfully admitted permanent residents.
An inaugural committee is responsible for activities connected with the inaugural ceremony, except for the swearing-in ceremony at the Capitol and a luncheon honoring the president and vice president.
Contributions to an inaugural committee are not subject to any contribution limits.
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