Lynn Forester de Rothschild, a prominent Hillary Clinton supporter, will announce her support of Sen. John McCain during a press conference on Wednesday.
The announcement will take place at a news conference on Capitol Hill, just blocks away from the Democratic National Committee headquarters.
Forester, a member of the DNC's Platform Committee and Democrats Abroad chapter, said she will "campaign and help him through the election," according to her spokesman.
In an interview with CNN this summer, Forester discussed her disdain for Democratic presidential candidate and Clinton rival Sen. Barack Obama.
"This is a hard decision for me personally because frankly I don't like him," she said of Obama in an interview with CNN's Joe Johns. "I feel like he is an elitist. I feel like he has not given me reason to trust him."
Forester was a major donor for Clinton, earning her the title as a "Hillraiser" for helping to raise at least $100,000 for Clinton's presidential campaign, which she lost to Obama.
Forester is the CEO of EL Rothschild Ltd., a British holding company owned by a branch of the Rothschild banking family. She is married to international banker Sir Evelyn de Rothschild and splits time in London and New York.
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