
Tax returns prove Donald Trump has been lying about the John F. Kennedy Center for the Performing Arts losing lots of money before he took it over, fired the board and appointed a new one. Trump has constantly repeated this assertion repeatedly in his relentless effort to have his name put on the building.
President Donald Trump’s claim that the Kennedy Center he’s now threatening to demolish was losing “hundreds of billions” of dollars before he “got involved” was exposed Friday as a blatant lie after Zeteo obtained a copy of the center’s 2025 tax returns.
Trump’s takeover of the Kennedy Center hit a snag in June after a federal judge ordered the president’s name be removed from the iconic building. Trump’s name has since been removed from the center’s facade, though Trump and his aides have renewed efforts to return the president’s name to the building’s signage.
Trump’s oft-repeated rationale for his takeover of the Kennedy Center has been the institution’s supposed financial struggles, which he’s described as dire. The center’s newly released 2025 tax returns, however, reveal that Trump “is both lying about previous losses and hiding his own deliberate financial assault,” Zeteo reported Friday.
“Program revenue declined by $16 million and pledges and grants declined by $30 million in the seven or so months after Trump began his Kennedy Center takeover. That was before he added his name to the building, a move that reportedly caused ticket sales and donations to plunge much further,” Zeteo’s report reads.
“Interestingly, the tax return says that as of Sept. 30, 2025, roughly $330 million in federal appropriations — $310 million allotted for capital repair and restoration, and $20 million for operations and management — were being ‘held by [the] U.S. Treasury.’”
JFK’s family has been lambasting Trump amid reports that Trump may be planning to tear the John F. Kennedy Center for the Performing Arts down if the courts don’t let him put his name on it.
Protesters plan to form a human chain around the Center Friday night:
Several hundred activists are expected to gather at the Kennedy Center on Friday in opposition to President Donald Trump’s attempted takeover of the presidential memorial and threats that he will close and demolish it.
Activists are expected to gather Friday evening to link hands and form a human chain outside the Washington venue, demanding Trump be removed as its chairman for failing to protect and manage it. Trump installed himself as chairman of the Kennedy Center last year after removing its previous leadership and replacing board members with his own appointees.
“The demonstration opposes the recent sudden closure of the facility, the installation of security fencing, and political efforts to alter or demolish portions of the presidential memorial,” the group said on its website.
The Hands Off the Arts organization behind the rally and protest said they expect hundreds of people to gather on the center’s steps for musical performances, testimonials and speeches before forming a human chain around the building. The group has held various protests outside the performing arts venue this year.
Trump says Kennedy Center could be ‘ripped down’ if he doesn’t get ‘recognition’
Earlier this week, Trump said the Kennedy Center could be “ripped down” if his administration doesn’t receive recognition on the performing arts center as tensions over his name being removed from the venue mount.“I think that the Trump administration should certainly have recognition. Because frankly, if we don’t do that, it’s going to close. It’ll end up being ripped down,” the president told reporters.
Trump: the Kennedy Center "was losing hundreds of millions" before I got involved.
Reality: $40.7M surplus in FY2024.
Since he took over: $23M projected deficit.
He's not saving the Kennedy Center. He's the reason it needs saving. And he wants "recognition" for it. pic.twitter.com/NLqy4Q8jUM
— Khary Penebaker (@kharyp) September 17, 2026
We all saw the picture. Not a small piece of paper, a giant sign: "Kennedy Center demolished"
We ran to court overnight & won. The KC is not Donald Trump's to rename or tear down
@DDAction_, @WashLitGroup & @RepBeatty fight on
Latest on @cnn? -TN pic.twitter.com/pi1iZDI2fx
— Norm Eisen (@NormEisen) September 18, 2026
Organizers are expecting about 1,000 attendees at a Kennedy Center vigil tonight to show support for the center’s artists, workers and the building itself.
It will end with the formation of a human chain around the building. https://t.co/Qe8bKxF8bg
— The Washington Post (@washingtonpost) September 18, 2026
ANYONE LIVING IN DC WHO CAN GET TO THE KENNEDY CENTER..BETTER HEAD OVER NOW BEFORE HE KNOCKS IT DOWN…..HE‘S GOT A BULLDOZER THERE NOW… FORM A HUMAN CHAIN…SAVE OUR ARTS……SAVE THE KENNEDY MEMORIAL…????????THIS GUY IS NUTS… pic.twitter.com/jvhDhEVSgg
— Ernesta Pudding (@ErnestaPudding) September 17, 2026
Trump joked that he had wanted a Kennedy Center Honor but never received one: “I waited and waited and waited”
The current fight is not about marble, roofs or electrical systems. It’s about whose name, cultural vision and legacy the institution represents. pic.twitter.com/NUGcnM37Wn
— Brad (@BraddrofliT) September 18, 2026
This is amazing: Kerry Kennedy, niece of President John F. Kennedy, is organizing a rally tonight where people will literally join hands and surround the Kennedy Center to protect it from Trump's demolition plans.
Do you stand with Kerry Kennedy?#HandsAroundTheKennedyCenter pic.twitter.com/7o3Tlc9xBU
— MP Arizona??????????????????????? (@AzPetrich) September 18, 2026
The trustees must answer from their mismanagement, from the original “mob bust-out gone wrong,” to the fiduciary failures around the renaming debacle, to rampant illegality, to their failure to have an exit plan from the catastrophe they created.https://t.co/hG9E7dQ6Cj
— Sheldon Whitehouse (@SenWhitehouse) September 18, 2026
The trustees must answer from their mismanagement, from the original “mob bust-out gone wrong,” to the fiduciary failures around the renaming debacle, to rampant illegality, to their failure to have an exit plan from the catastrophe they created.https://t.co/hG9E7dQ6Cj
— Sheldon Whitehouse (@SenWhitehouse) September 18, 2026
Trump is shutting the Kennedy Center down because it doesn’t have his name on it… as opposed to his casinos, which shut down because they DID have his name on it. #FallonTonight pic.twitter.com/PC0nMEDVti
— The Tonight Show (@FallonTonight) September 17, 2026
The Kennedy Center’s Grand Foyer is 630' long and 63' high. The crystal chandeliers were hand-blown by @orrefors and an official gift by the Kingdom of @Sweden in 1971. The huge mirrors at left were a gift the Kingdom of @Belgium on behalf of its people and nation. https://t.co/RYXPsqczsP pic.twitter.com/vmoXP74EGx
— Vince Mpls (@vincempls) September 18, 2026
I will see you there! https://t.co/LqRrqcPgCP
— Rep. Don Beyer (@RepDonBeyer) September 18, 2026
Joe Gandelman is a former fulltime journalist who freelanced in India, Spain, Bangladesh and Cypress writing for publications such as the Christian Science Monitor and Newsweek. He also did radio reports from Madrid for NPR’s All Things Considered. He has worked on two U.S. newspapers and quit the news biz in 1990 to go into entertainment. He also has written for The Week and several online publications, writes a column for Cagle Cartoons Syndicate and has appeared on CNN.
















