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Donation pledges to Kennedy Center fell by more than 100% in months after Trump’s name added, internal documents show

For much of the past year, the financial alarm bells at the John F. Kennedy Center for the Performing Arts have been going off among the stewards of the iconic art institution.

CNNSunlen Serfaty, Yahya Abou-Ghazala, Betsy Klein查看原文 ↗
内部文件显示,在特朗普的名字被添加到肯尼迪中心后的几个月里,该中心收到的捐款承诺下降了超过100%。

Pablo Martinez Monsivais/AP

For much of the past year, the financial alarm bells at the John F. Kennedy Center for the Performing Arts have been going off among the stewards of the iconic art institution.

There were warnings that its accounts had deteriorated under President Donald Trump’s chairmanship, according to records and internal presentations obtained by CNN that cover Kennedy Center finances from fiscal year 2024 through this year.

After the Kennedy Center board voted to place Trump’s name on the building in December 2025, gifts to the arts institution plunged 42% and donation pledges dropped more than 100% from January to April compared to the three months prior, one document revealed. A tax expert told CNN that a decline of that size is possible if earlier pledges were withdrawn.

The documents show that the center had faced financial pressures that affected much of the performing arts industry in the wake of the Covid pandemic; the situation worsened after the president got involved.

In a slide summarizing the state of the center in May 2025, the first bullet point acknowledged that it was “out of cash.” A subsequent slide on where things stood in 2026 revealed that ticket sales had dropped to “pandemic levels” in the second quarter, and that the “decline accelerate[d] in 2025 when the new board [was] announced.”

The institution’s financial health is expected to deteriorate further. Preliminary numbers show a deficit of over $16 million for fiscal year 2025, which is projected to grow to $23 million in 2026.

Taken together, the documents paint a fuller picture of the Kennedy Center’s financial and physical position. They broadly refute the Trump-aligned board’s argument that the institution needs Trump’s help and must rename its grounds in the president’s honor to raise funds for direly needed renovations.

“The Kennedy Center was losing Hundreds of Millions of Dollars when I took over. It was failing badly! It had nothing to do with me, I am only there to help,” Trump wrote on Truth Social in mid-September.

But one document, a financial performance review for the 2025 fiscal year, noted that the Kennedy Center had assessed its deferred maintenance needs after Trump took over as chairman, and that funds for those maintenance updates were included in the One Big Beautiful Bill, the sweeping funding law passed by Congress last year.

The legislation’s “funding supports a major capital investment in the Center’s critical infrastructure,” the document said. “This investment provides the Center with a unique opportunity to comprehensively renovate and modernize the main building.”

Tasos Katopodis/Getty Images

A spokesperson for the Kennedy Center told CNN that it “ continues to work through post-pandemic shifts in audience behavior seen across the performing arts industry, and ticket sales” and the changes are reflected in its budget. Trump helped it secure funding from Congress but additional fundraising is needed for other costs, such as payroll and programming, the person said.

“The Center remains focused on restoring and revitalizing this iconic institution — while continuing to offer free and accessible programming — for audiences to enjoy for generations to come,” they added.

The White House did not reply to a request for comment.

The documents obtained by CNN included financial assessments, balance sheets and planning papers that give an unvarnished look at the Kennedy Center’s inner workings.

They are part of a tranche of papers underlying a whistleblower complaint asserting that the Trump administration has purposefully withheld repairs to justify its plans to close for two years of renovations – or even demolish the building.

They show that in the wake of the Covid pandemic, the center was hit by an industry-wide decline in attendance that continued to trend downward over the last several years.

That accelerated after the Trump takeover. A line chart in a financial review presentation from earlier this year shows the downtrend in sales intensifying after Trump selected a new board in February 2025 and after the center’s name was changed to include Trump.

Trump was elected chairman shortly after he replaced the board. In that position, he installed a longtime loyalist, Ric Grenell, as executive director, who sought to revamp the programming at the institution.

The Trump-led changes prompted several cancellations, including most notably the Broadway show “Hamilton.”

Sources previously told CNN that attendance at the Kennedy Center had been so low that for months, it had to “paper the house” — a theater term that means to fill seats by offering free or discounted tickets.

Between April of fiscal year 2024 to 2025, ticket sales declined from $57 million to a projected $51 million, according to one document reviewed by CNN.

The Kennedy Center also struggled to meet its fundraising targets during the last fiscal year, according to the records.

Among the key preliminary findings presented by the center’s audit and finance committee is that fundraising performance fell “below target” by about $5.1 million in fiscal year 2025, the period between October 2024 and September 2025.

Some of the financial underperformance appears to have been offset by cost-cutting efforts affecting multiple parts of the venue. One of the updates included in the records cites personnel cost cuts, reduced headcount, and cuts to operational expenses.

The future of the Kennedy Center remains in limbo as an intense legal battle continues.

The main building is currently closed to the public following a board vote last month to shut its doors for emergency repairs.

While a federal court has ordered the Kennedy Center to find a way to remain open during renovations, the institution leadership says it needs time to assess safety risks in the deteriorating building. That judge has also rebuffed Trump’s efforts to put his own name on the building.

Trump has only ratcheted up his threats to tear down the building in response to the legal setbacks.

In September, he was seen with a poster through the window of Air Force One that appeared to read “Kennedy Center DEMOLISHED,” and government lawyers have argued that only by attaching his name to the building can enough donations be collected to save it.

“The Board recognizes that President Trump’s efforts and prestige provide the sole hope for the Center’s financial survival, and structural renewal,” the Justice department argued in a court filing, adding: “The Board also underscores, and the undisputed evidence demonstrates, that without the prominent recognition of The Trump Administration, and President Trump’s efforts, the donors will not contribute, and the Center will continue to be in a financial and structural death spiral.”

Judge Christopher Cooper has ordered the administration give at least 30 days’ notice before demolition or new construction can take place. He also demanded more explanation about the temporary closure and emergency repairs the Kennedy Center says are needed.

In an interview with TIME Magazine on Thursday, Trump repeatedly declined to rule out demolition of the Kennedy Center.

Pressed on whether he would commit to not bringing in wrecking balls to demolish the building, he said: “I’m not committing to anything. We’re going to see how it plays out in court.”

In their most recent filing to court, the executive director, Matt Floca, indicated that the closure would be reevaluated on a weekly basis. Late Wednesday evening, Floca, sent the small group of remaining staff an email noting that the building itself “remains temporarily closed” after teams have assessed its conditions.

In the email obtained by CNN, engineers “documented significant corrosion” around the soffits, an exterior overhang structure.

“Our facilities, safety, and security teams are now conducting a detailed emergency egress assessment to determine whether, and under what conditions, the building can safely support occupants,” he said, adding that an update on the matter is expected “within the next one to two weeks.”

The court is scheduled to get a status update this Friday.

CNN’s John Towfighi contributed.

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