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How Donald Trump retooled his charity to spend other people’s money
In tax records, the last gift from Trump was in 2008. Since then, all of the donations have been other people’s money — an arrangement that experts say is almost unheard of for a family foundation.
Trump then takes that money and generally does with it as he pleases.
In two cases, he has used money from his charity to buy himself a gift. In one of those cases — not previously reported — Trump spent $20,000 of money earmarked for charitable purposes to buy a six-foot-tall painting of himself.
Money from the Trump Foundation has also been used for political purposes, which is against the law. The Washington Post reported this month that Trump paid a penalty this year to the Internal Revenue Service for a 2013 donation in which the foundation gave $25,000 to a campaign group affiliated with Florida Attorney General Pamela Bondi (R).
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New York attorney general opens 'inquiry' into Trump Foundation
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Don't forget, Trump goes to court on Nov. 28th, 20 days after the election in a civil suit for Fraud and Racketeering. If he loses, he could open himself to criminal charges.
In tax records, the last gift from Trump was in 2008. Since then, all of the donations have been other people’s money — an arrangement that experts say is almost unheard of for a family foundation.
Trump then takes that money and generally does with it as he pleases.
In two cases, he has used money from his charity to buy himself a gift. In one of those cases — not previously reported — Trump spent $20,000 of money earmarked for charitable purposes to buy a six-foot-tall painting of himself.
Money from the Trump Foundation has also been used for political purposes, which is against the law. The Washington Post reported this month that Trump paid a penalty this year to the Internal Revenue Service for a 2013 donation in which the foundation gave $25,000 to a campaign group affiliated with Florida Attorney General Pamela Bondi (R).
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New York attorney general opens 'inquiry' into Trump Foundation
-----------------------
Don't forget, Trump goes to court on Nov. 28th, 20 days after the election in a civil suit for Fraud and Racketeering. If he loses, he could open himself to criminal charges.