Trump’s Future: Tons of Cash and Plenty of Options for Spending It

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Ms. Trump and Mr. Pence were originally listed as president and vice president on the incorporation papers, documents reviewed by the Times showed. Sean Dollman, the campaign chief financial officer, was the A.M.M.C. treasurer.

“Lara Trump and John Pence resigned from the AMMC board in October 2019 to focus solely on their campaign activities, however, there was never any ethical or legal reason why they could not serve on the board in the first place,” said Tim Murtaugh, a spokesman for Mr. Trump. “John and Lara were not compensated by AMMC for their service as board members.”

For Mr. Trump, the quarter-billion dollars he and the party raised over six weeks is enough to pay off all of his remaining campaign bills and to fund his fruitless legal challenges and still leave tens of millions of dollars.

Mr. Trump’s plans, however, remain extremely fluid. His refusal to accept Joseph R. Biden Jr.’s victory has stunted internal political planning, aides say, with some advisers in his shrinking circle of confidantes hesitant to even approach him about setting a course of action for 2021 and beyond.

Those who have spoken with Mr. Trump say he appears shrunken, and over his job; this detachment is reflected in a Twitter feed that remains stubbornly more focused on unfounded allegations of fraud than on the death toll from the raging pandemic.

Mr. Trump has talked about running again in 2024 — but he also may not. He has created this new PAC, but a different political entity could still be in the works, people involved in the discussions said. Talk of counterprogramming Mr. Biden’s inauguration with a splashy event or an announcement of his own is currently on hold.

Mr. Trump had been tentatively planning to go to Georgia on Saturday, according to a senior Republican official, to support the two Republicans in Senate runoff races there. But he is still angry at the state’s Republican governor and secretary of state for accepting the election result, and simply doesn’t want to make the trip. There is some discussion about him going after the Christmas holiday, but it’s not clear he will be in a more magnanimous mood by then.



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