Everyone should read the entire article. Something is wrong when a sleazeball creates a charity and the main determinant for who gets money is if the sleazeball benefits monetarily. All indicators are Trump is upside down. I think he has way more debt than he has in assets value. This run for president was an act of desperation. Trump worshipers will say none of this article is true. I think 100% is true because all major media outlets are well aware of Trump’s propensity to file frivolous lawsuits. They make sure they can prove what they write.
Donald Trump was in a tuxedo, standing next to his award: a statue of a palm tree, as tall as a toddler. It was 2010, and Trump was being honored by a charity — the Palm Beach Police Foundation — for his “selfless support” of its cause.
His support did not include any of his own money.
Instead, Trump had found a way to give away somebody else’s money and claim the credit for himself.
Trump had earlier gone to a charity in New Jersey — the Charles Evans Foundation, named for a deceased businessman — and asked for a donation. Trump said he was raising money for the Palm Beach Police Foundation.
The Evans Foundation said yes. In 2009 and 2010, it gave a total of $150,000 to the Donald J. Trump Foundation, a small charity that the Republican presidential nominee founded in 1987.
Then, Trump’s foundation turned around and made donations to the police group in South Florida. In those years, the Trump Foundation’s gifts totaled $150,000.
Trump had effectively turned the Evans Foundation’s gifts into his own gifts, without adding any money of his own.
On the night that he won the Palm Tree Award for his philanthropy, Trump may have actually made money. The gala was held at his Mar-a-Lago Club in Palm Beach, and the police foundation paid to rent the room. It’s unclear how much was paid in 2010, but the police foundation reported in its tax filings that it rented Mar-a-Lago in 2014 for $276,463.
The Donald J. Trump Foundation is not like other charities. An investigation of the foundation — including examinations of 17 years of tax filings and interviews with more than 200 individuals or groups listed as donors or beneficiaries — found that it collects and spends money in a very unusual manner.
For one thing, nearly all of its money comes from people other than Trump. 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 many cases, he passes it on to other charities, which often are under the impression that it is Trump’s own money.
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).