President Trump is Paying Up after Conceding that he used his Charitable Foundation, at times, as a Personal Piggy Bank.
The Attorney General’s Office Charged the Trump Foundation with Violating State Law barring Nonprofits from Political Activity. The Suit described how shortly before the Iowa Caucuses in January 2016, Trump skipped a Candidates' Debate on Fox News and instead held a Fundraiser for Military Veterans that attracted $5.6 Million, Half of which went to the Trump Foundation. Campaign Manager Corey Lewandowski and other Senior Campaign Officials then determined which Parties got the Donations.
The Lawsuit also said $100,000 of Trump Foundation Money was used to Settle a Legal Claim against Trump's Mar-a-Lago Resort, $158,000 was spent to Settle a Suit against Trump National Golf Club, and $10,000 was Spent at a Charity Auction to Purchase a Painting of Trump that is now Displayed at the Trump National Doral Golf Club in Miami.
None of those Costs were Approved by the Charity's Board, whose Members include Ivanka, Donald Jr., and Eric Trump. The Board had No Criteria for determining how Grant Dollars are Allocated, according to the Suit.
Trump has Wired $2 Million to Pay a Court-Ordered Fine for Misusing the Trump Foundation in part to further his Business Interests and his 2016 Presidential Run, New York Attorney General Letitia James said Tuesday.
About $1.8 Million left in the Trump Foundation's Bank Account was also Split among the Nonprofits getting Fine Money, along with $11,525 that Trump Paid Back for Spending Foundation Money on a Painting, Sports Memorabilia, and Champagne at a Charity Gala.
The Money, Fine, and the Charity's Funds will be Distributed to Eight Charities, split Evenly among Eight Organizations including: Army Emergency Relief, the Children’s Aid Society, City Meals-on-Wheels, Give an Hour, Martha’s Table, United Negro College Fund, United Way of National Capital Area, and the U.S. Holocaust Memorial Museum. Each Charity is getting about $476,440.
As part of the Settlement Donald Jr., Ivanka, and Eric Trump will have to go to “Mandatory Training” of a Foundation Board Member.
Trump will be able to put his Name on any New Foundation, but must have Professional Board Members and use an Outside Financial Money Company to handle the Funds.
NYC Wins When Everyone Can Vote! Michael H. Drucker
