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Eric Trump funneled cancer charity money to his businesses, associates: report

D

Dalek

Member
Eric Trump funneled cancer charity money to his businesses, associates: report

Eric Trump is slamming a Forbes report that alleges his charity, the Eric Trump Foundation, has been funneling donations -- from donors who believed the money was going to St. Jude Children's Research Hospital -- to the Trump Organization by paying high sums for use of Trump properties during fundraisers and re-donating some funds to charities friendly with Trump interests.

Forbes reported Tuesday that the Eric Trump Foundation paid the Trump family business hundreds of thousands of dollars over the last seven years for use of one of the organization's golf courses, funds which he claimed were being donated nearly in full to the children's cancer charity.

"We were able to come up with this concept of raising a lot of money with really no expense and it's because we were incurring the expenses at the assets we were taking on the expenses as Trump. We were using our own facilities," Eric told donors in a promotional video.

According to IRS filings, the Eric Trump Foundation in 2012 spent $59,085 on its annual Golf Invitational fundraiser held at the Trump National Golf Club in Westchester County, New York -- money that skimmed from donations to St. Jude's Children's Research Hospital. Those expenses ballooned to $230,080 in 2013 and to $242,294 in 2014, according to the filings. It is unclear from these tax forms how much of those payments went to the Trump Organization.

Forbes reported that in 2011, costs for Eric Trump's golf tournament fundraiser tripled because his father realized that the organization had not been charging for the event and there were no bills to prove it. The Foundation declined to provide Forbes with an itemized list of expenses for the tournament.

Charity experts told Forbes that the amount paid to the Trump Organization for a golf tournament fundraiser for St. Jude's "defy any reasonable cost."

The increased costs for the tournament coincided with changes to the Foundation's board in 2010, when it changed from being made up of mostly Eric's personal friends to those closely connected with the financial interests of the Trump Organization, according to Forbes.

The tax filings also show that the Eric Trump Foundation made a 2014 payment of $87,665 to another Trump property, the Trump National Golf Club in Washington, DC for fundraising events.

In addition, the Forbes report claims that Eric Trump's charity redirected some donations. More than $500,000 was given by the Eric Trump Foundation to other charities, "many of which were connected to Trump family members or interests," according to Forbes.
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And as Forbes points out in its report, ”Altruism as a business-development strategy isn't necessarily illegal. But a situation in which outside donor money is redeployed away from the core mission in ways that seem to ultimately benefit the family that pays the majority of the board is -- at best -- an appearance problem."
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R

rjinaz

Member
I mean what else can you do but shake your head at this point? These people are scum, I'll never understand why others wanted to assume the best of them behind closed doors when there is so much shit out in the open to see.
 
E

EdibleKnife

Member
So this is just a pattern with the family? Literally skimming money from the most sympathetic and disenfranchised sections of modern society?
 
K

KernelPanic

Member
Well he's in trouble now:

http://www.politico.com/story/2017/...ork-attorney-general-eric-schneiderman-239358

New York State Attorney General Eric Schneiderman is looking into allegations of self-dealing by the Eric Trump Foundation that were raised by a recent Forbes report.

Schneiderman was already investigating the Donald J. Trump Foundation for whether or not the president personally benefited from the fundraising efforts and spending of the foundation before the inauguration.
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H

HStallion

Now what's the next step in your master plan?
Fucking really? Stealing money from a children's cancer charity. Did he run a bus full of nuns off the road for Lunch?
 
F0rneus

F0rneus

Tears in the rain
This entire family of mongrels need to die in prison. Corrupt, vile, dangerous. This needs to happen before Barron Trump gets fucked in the head.
 
C

Cuburt

Member
It really is a gross story.

Taking money meant for children with cancer and paying yourself with it. How low can you go?
 
B

Bleepey

Member
Irony that it was legit for the first couple of years then Trump realised they were being charitable and then felt the need to fleece charities because fuck you that's why. Sad
 
Z

Za-Neen-Jya

Member
The fact that daddy Trump made Eric pay more than standard rates for using his golf course when he found out how successful the charity tournament was just highlights, once again, how greedy, immoral, and unfeeling Trump is.
 
Z

Zolo

Member
If he actually gets arrested, expect calls from Donald about how New York is holding his son hostage.
 
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