What is the Trump Foundation?
Donald Trump established the Donald J. Trump Foundation in 1987, when he was a New York City real estate businessman, with the stated mission of collecting and maintaining money exclusively for charitable, religious, scientific, literary or educational purposes, either directly or by donating to other organizations. It is a private, nonprofit corporation. In its most recent I.R.S. filing, reporting as of Dec. 31, 2016, it had approximately $1 million in assets.
Mr. Trump served as the foundation’s president from its start until Jan. 23, 2017, three days after he was inaugurated as president. Mr. Trump’s daughter Ivanka Trump also stepped down from her position on the foundation’s board of directors. His sons, Eric Trump and Donald Trump Jr., are still members of the board.
In January 2016, Mr. Trump hosted a nationally televised charity fund-raiser in Des Moines, Iowa, to raise funds for veterans’ organizations. The fund-raiser collected $5.6 million in donations, including $2.8 million directly to the Trump Foundation.
Mr. Trump and the foundation were accused of a wide array of self-dealing transactions, or transactions that were designed to serve himself rather than the foundation’s intended beneficiaries.
Among those transactions were several payments of foundation funds to settle legal disputes involving Mr. Trump’s businesses, including a $100,000 payment in 2007 to settle claims against Mar-a-Lago and a $158,000 payment in 2012 to settle claims against the Trump National Golf Club.
The foundation also paid $5,000 in 2013 to a Washington, D.C., charitable organization to feature Trump International Hotels in its charity event programs and $32,000 in 2015 to a land use organization to cover costs related to a Trump property.
Mr. Trump served as the foundation’s president from its start until Jan. 23, 2017, three days after he was inaugurated as president. Mr. Trump’s daughter Ivanka Trump also stepped down from her position on the foundation’s board of directors. His sons, Eric Trump and Donald Trump Jr., are still members of the board.
In January 2016, Mr. Trump hosted a nationally televised charity fund-raiser in Des Moines, Iowa, to raise funds for veterans’ organizations. The fund-raiser collected $5.6 million in donations, including $2.8 million directly to the Trump Foundation.
Mr. Trump and the foundation were accused of a wide array of self-dealing transactions, or transactions that were designed to serve himself rather than the foundation’s intended beneficiaries.
Among those transactions were several payments of foundation funds to settle legal disputes involving Mr. Trump’s businesses, including a $100,000 payment in 2007 to settle claims against Mar-a-Lago and a $158,000 payment in 2012 to settle claims against the Trump National Golf Club.
The foundation also paid $5,000 in 2013 to a Washington, D.C., charitable organization to feature Trump International Hotels in its charity event programs and $32,000 in 2015 to a land use organization to cover costs related to a Trump property.
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