Tuesday, June 6, 2017

Trump Foundation Moved $100K in Donations Into Revenue for Trump Organization

Trump's Charity Foundation Funneled $100,000 in Donations meant for St. Jude's Children's Research Hospital into Revenue for the Trump Organization by using his Son's Charity.

For 10 years Eric Trump hosted an Annual Golf Tournament which raised millions of dollars in Donations for the Hospital. According to a Forbes Report, $100,000 of the Donations was funneled through the Eric Trump Foundation back into Trump's Golf Courses for Expenses incurred during the Tournaments, despite Donors being told that all their Donations would be used for Charity.

In addition, more than $500,000 of Donors' Donations over 10 years was Re-Donated to other Charities, including some that were connected to Trump Family Members. At least Four of those Organizations also used Trump Golf Courses for Charity Tournaments.

According to the report, President Trump himself gave the Order for the Trump Organization to begin Billing the Eric Trump Foundation for hundreds of thousands of dollars.

If the report is true, the Practices would Violate both New York State Law and Federal Law on Self-Dealing and Misleading Donors. To date, Eric Trump has raised more than $11 million for St. Jude's Hospital.

In December, President Trump announced plans to dissolve his Charitable Foundation in order to avoid the appearance of a Conflict of Interest. But New York's Attorney General (AG) said that was impossible until a Criminal Probe of the Charity was completed.

"The Trump Foundation is still under investigation by this office and cannot legally dissolve until that investigation is complete," Amy Spitalnick, a Spokeswoman for AG Schneiderman, said in a Statement in December.

The Donald J. Trump’s Foundation informed New York AG Eric T. Schneiderman that it has ceased soliciting Donations in the State, after a recent order to halt such Fund-Raising efforts, a spokesman for the AG’s office said in October 2016. The Charity, the Donald J. Trump Foundation, also requested and was granted an Extension for filing its Financial Paperwork, including Audits, said Eric Soufer, the spokesman.

The developments come about two weeks after the AG’s Office Ordered the Foundation to Stop Soliciting Charitable Contributions in the State of New York, saying that the Nonprofit was not properly Registered to do so under State Law. A “Notice of Violation” Letter sent to the Foundation on Sept. 30th required it to submit Financial Documents within 15 days, or “be deemed to be a continuing fraud upon the people of the state of New York.” After investigation, many of Trump's Pledges never resulted in a Donation.

Trump stopped Funding the Foundation in 2008. Since then he has been using other Donations to the Foundation to pay for Legal Fees, Political Donations, Charity Gifts, and Personal items. Another investigation is having Income Deposited into the Foundation as a Donation to forego Paying Income Tax.

NYC Wins When Everyone Can Vote! Michael H. Drucker
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