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"Trump Foundation funneled $100K in donations into revenue for Trump Organization: report"

Jeremiahcp

Jeremiahcp

Well-Known Jerk
President 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, Forbes reported Tuesday.

For 10 years Eric Trump hosted an annual golf tournament that raised millions of dollars in donations for the hospital. According to the 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 money would be used for charity.

In addition, more than $500,000 of donors' money 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.
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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.
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Trump Foundation funneled $100K in donations into revenue for Trump Organization: report

I wonder if Trump is regretting running for president yet.
 
sun rise

sun rise

The world is on fire
Premium Member
One source labeled it alleged money laundering like criminal syndicates do.
 
Jeremiahcp

Jeremiahcp

Well-Known Jerk
sunrise123 said:
One source labeled it alleged money laundering like criminal syndicates do.
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It is Trump making money off his son's charity.

In reviewing filings from the Eric Trump Foundation and other charities, it's clear that the course wasn't free--that the Trump Organization received payments for its use, part of more than $1.2 million that has no documented recipients past the Trump Organization. Golf charity experts say the listed expenses defy any reasonable cost justification for a one-day golf tournament.
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Additionally, the Donald J. Trump Foundation, which has come under previous scrutiny for self-dealing and advancing the interests of its namesake rather than those of charity, apparently used the Eric Trump Foundation to funnel $100,000 in donations into revenue for the Trump Organization.
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But in 2011, things took a turn. Costs for Eric Trump's tournament jumped from $46,000 to $142,000, according to the foundation's IRS filings. Why would the price of the tournament suddenly triple in one year? "In the early years, they weren't being billed [for the club]--the bills would just disappear," says Ian Gillule, who served as membership and marketing director at Trump National Westchester during two stints from 2006 to 2015 and witnessed how Donald Trump reacted to the tournament's economics.
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"Mr. Trump had a cow. He flipped. He was like, 'We're donating all of this stuff, and there's no paper trail? No credit?' And he went nuts. He said, 'I don't care if it's my son or not--everybody gets billed.' "
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https://www.forbes.com/sites/danale...charity-money-into-his-business/#3471aaf96b4a
 
Twilight Hue

Twilight Hue

Twilight, not bright nor dark, good nor bad.
Jeremiahcp said:
It is a charity, so they have report it when filing. Follow the Forbes link for more details.
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It seems that the golf course charged for the fundraising event. Was there any anomaly now that the last ten years didn't reflect that brings this to attention?
 
Jeremiahcp

Jeremiahcp

Well-Known Jerk
Nowhere Man said:
It seems that the golf course charged for the fundraising event. Was there any anomaly now that the last ten years didn't reflect that brings this to attention?
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"Anomaly"? Really? He got elected, that means all his dark little secrets are going to be thrust into the spotlight.
 
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leibowde84

leibowde84

Veteran Member
Nowhere Man said:
It seems that the golf course charged for the fundraising event. Was there any anomaly now that the last ten years didn't reflect that brings this to attention?
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It is illegal according to both federal and NY law to mislead donors in this way. If Trump lied about all proceeds going to that specific charity, it would be a criminal offense.
 
leibowde84

leibowde84

Veteran Member
Nowhere Man said:
It seems that the golf course charged for the fundraising event. Was there any anomaly now that the last ten years didn't reflect that brings this to attention?
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Trump became President. That inevitably puts anyone's past dealings under scrutiny. But, often this kind of criminal activity takes years to surface even when politics aren't involved.
 
Callisto

Callisto

Hellenismos, BTW
Jeremiahcp said:
I wonder if Trump is regretting running for president yet.
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If he did, it'd be the one time he's in agreement with the majority of Americans and the rest of the free world. But more likely, the thin-skinned orange narcissist is still rowing along the de'nile river.
 
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