Presumptive Republican presidential nominee Donald Trump will refrain from using donations made to his campaign to reimburse himself for the millions of dollars he’s already spent on his White House bid.
“I have absolutely no intention of paying myself back for the nearly $50 million dollars I have loaned the campaign. This money is a contribution made in order to make America great again,” Trump said Friday in a statement to NBC News.
The New York billionaire claims he loaned “nearly $50 million” to his campaign since he entered the presidential race last June. Meanwhile, despite his refusal to actively solicit donations from outside groups or individuals, Federal Election Commission records show that Trump has received more than $12 million in individual contributions.
Trump has so far refrained from converting the money he’s loaned to his campaign into a direct contribution, but aides told NBC that he intends to do so “in the near future.”
The de facto GOP nominee previously said he would continue to self-fund his campaign if he made it to the general election, though he recently walked back that promise.
Trump now says he will work with the Republican National Committee to fundraise for the party and plans to develop a “world-class fundraising operation” to fuel his campaign between now and November.
He recently appointed former Goldman Sachs board member Steven Mnuchin to serve as national finance chairman for his campaign.
