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Forbes: How Donald Trump Shifted Kids-Cancer Charity Money Into His Business

Tovarisc

Member
The real star of the day is Eric Trump, the president's second son and now the co-head of the Trump Organization, who has hosted this event for ten years on behalf of the St. Jude Children's Research Hospital in Memphis. He's done a ton of good: To date, he's directed more than $11 million there, the vast majority of it via this annual golf event. He has also helped raise another $5 million through events with other organizations.

The best part about all this, according to Eric Trump, is the charity's efficiency: Because he can get his family's golf course for free and have most of the other costs donated, virtually all the money contributed will go toward helping kids with cancer. "We get to use our assets 100% free of charge," Trump tells Forbes.

That's not the case. 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.

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.

And while donors to the Eric Trump Foundation were told their money was going to help sick kids, more than $500,000 was re-donated to other charities, many of which were connected to Trump family members or interests, including at least four groups that subsequently paid to hold golf tournaments at Trump courses.
Eric Trump set up his foundation as a public charity, a classification that allows it to raise most of its money from outside donors. In 2007, when he was 23, the first Eric Trump golf tournament took place, raising $220,000. A compelling sales pitch evolved--the free golf course and the donated goods and services assured donors that every penny possible went to charity. The Eric Trump Foundation employed no staff until 2015, and its annual expense ratio averaged 13%, about half of what most charities pay in overhead. His original seven-person board was made up of personal friends, an innocuous lot who helped sell tournament tickets, which last year ranged from $3,000 for a single all-day ticket to $100,000 for a pair of VIP foursomes.

For the first four years of the golf tournament, from 2007 to 2010, the total expenses averaged about $50,000, according to the tax filings. Not quite the zero-cost advantage that a donor might expect given who owned the club but at least in line with what other charities pay to host outings at Trump courses, according to a review of ten tax filings for other charitable organizations.

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. "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.' "
"I saw that Eric was getting billed," Gillule adds. "I would always say, 'I can't believe that his dad is billing him for a charitable outing.' But that's what they wanted."
At first the extra bills did not cost the Eric Trump Foundation anything. Shortly before the spike in costs, the Donald J. Trump Foundation donated $100,000 to the Eric Trump Foundation--a gift explicitly made, according to Gillule, to offset the increased budget. Thus, the Eric Trump donors were still seeing their money go to work for kids along the same lines as previous years.

The Eric Trump Foundation declined to comment on that donation. In effect, though, this maneuver would appear to have more in common with a drug cartel's money-laundering operation than a charity's best-practices textbook. That $100,000 in outside donations to the Donald J. Trump Foundation (remember: Trump himself didn't give to his own foundation at this time) passed through the Eric Trump Foundation--and wound up in the coffers of Donald Trump's private businesses.
The costs for Eric's golf tournament quickly escalated. After returning, in 2012, to a more modest $59,000--while the event brought in a record $2 million--the listed costs exploded to $230,000 in 2013, $242,000 in 2014 and finally $322,000 in 2015 (the most recent on record, held just as Trump was ratcheting up his presidential campaign), according to IRS filings. This even though the amount raised at these events, in fact, never reached that 2012 high.
Eric Trump, in speaking with Forbes, maintains that "our expenses on a tournament that made us somewhere in the $2 million range every year was somewhere around 100 grand," even though his foundation's tax records show costs soaring to $322,000. When asked for an itemized list of expenses, the Eric Trump Foundation declined to respond.
The ultimate tragedy here is that the Eric Trump Foundation has done so much good. Yes, Eric has indulged in the family trait of vainglory, from Eric Trump bobblehead dolls at the tournament to statements that leave the impression he's giving the money personally, even though tax records suggest he's donated six figures total, at most. (Trump wouldn't tell Forbes how much he's given to his own foundation. "I think it's totally irrelevant," he says, citing the fact that "we never charge" for use of the courses.) But in 2015, a new intensive-care unit at St. Jude opened with Eric Trump's name on it, and the foundation's money has funded research into a rare form of cancer.

It's hard to imagine how the early incarnation of the golf tournament--big hauls, understandable costs--would have any problem continuing to spew out millions for years to come. Last year, the Eric Trump Foundation donated $2.9 million, according to St. Jude.
and quite a bit more at source: https://www.forbes.com/sites/danale...charity-money-into-his-business/#2784df186b4a

Full article is worth the read.
 
He steals it like it is!

He's only stealing what were all thinking anyway.

"That makes him smart"

and we're done here.

Basically. Nothing left yo say.

Die hard are deplorable as ever.

Moderates are cool just waiting for those unicorns he promised them.

People who dont like him knew he was scum for years already.

Still, it's something else to add to list of things you can give to a person for why he's a shithead before you realise that they're fine with that.
 
For a supposed business empire they sure go the extra mile to nickel and dime money into their pockets. It's almost like they need a big investor to keep them up......I wonder who could provide them that kind of money 🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔
 

Ploid 3.0

Member
That makes him smart.

(he types sarcastically. Trump is foul, anything to get money. I hope he gets nailed hard on the investigation, finding the shady things he do for profit, and please let it be pertinent to the case.)

This dude is our president. (starts laughing hysterically) This dude is our stinking president hahah. How the heck?
 
“In the early years, they weren’t being billed [for the club]–the bills would just disappear,” Ian Gillule, who used to serve as membership and marketing director at Trump National Westchester explains to Forbes. “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.'”

This is the only part that kinda surprises me, not giving a damn if it's his kids.
 
Cancer is a hoax invented by the Chinese

You think you're telling a joke, but Trump believes that outlawing of asbestos, a lung cancer causing substance that kills about 100,000 people a year and causes one of the most prolific building trades related illnesses.......

It's a ruse, pushed by "the mob". Because apparently "the mob gets all the special asbestos removal/destruction jobs.......

This is a man that half of America thinks cares about the rights of American workers, and he wants them working in, working around, and living in cancer causing dust.

It's amazing.
 
Well, yeah. By the time the elections came around there was enough dirt uncovered to show the guy's the textbook example of a snake-oil salesman. All this is doing is adding more receipts to the pile.
 
You think you're telling a joke, but Trump believes that outlawing of asbestos, a lung cancer causing substance that kills about 100,000 people a year and causes one of the most prolific building trades related illnesses.......

It's a ruse, pushed by "the mob". Because apparently "the mob gets all the special asbestos removal/destruction jobs.......

This is a man that half of America thinks cares about the rights of American workers, and he wants them working in, working around, and living in cancer causing dust.

It's amazing.

I'd like to see him on a job site with asbestos abatement. Think he'd be wearing a mask?
This guy is such a clown it's ridiculous.
 

DOWN

Banned
This looks incredibly bad to me and I've seen a lot of Trump articles at this point. I don't expect consequences, but this story has a paper trail and sounds despicable so I hope the media jabs the family over it.
 

Garlador

Member
“In the early years, they weren’t being billed [for the club]–the bills would just disappear,” Ian Gillule, who used to serve as membership and marketing director at Trump National Westchester explains to Forbes. “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.'”

This is the only part that kinda surprises me, not giving a damn if it's his kids.
Tiffany has made that known for years.
 

Brandon F

Well congratulations! You got yourself caught!
During the campaign I wanted to smack every single ignorant fucking idiot voter that would state on TV "Why would he try to take advantage of us? He already has enough money!"
 

Dehnus

Member

So he is starting an "All American Hotel Chain!" to squeeze his electoral base dry of cash, and even goes as far as fuck over kids suffering from Cancer? WTF!?

Where is that guy again that said he wasn't evil and couldn't be compared to evil things like ISIS or Kim Yung Un?

This is getting dangerously close to Dickensian levels of EVIL!
 

Mark L

Member
Look, we can argue all day in circles about whether it's "right" or "wrong" to bilk money out of a kids' cancer charity, but-

wait, what? I'm sorry, WHAT?
 

cdyhybrid

Member
So he is starting an "All American Hotel Chain!" to squeeze his electoral base dry of cash, and even goes as far as fuck over kids suffering from Cancer? WTF!?

Where is that guy again that said he wasn't evil and couldn't be compared to evil things like ISIS or Kim Yung Un?

This is getting dangerously close to Dickensian levels of EVIL!

That guy never existed.
 

Dehnus

Member
Look, we can argue all day in circles about whether it's "right" or "wrong" to bilk money out of a kids' cancer charity, but-

wait, what? I'm sorry, WHAT?

That is what Zombie Ayn Rand would say if she stood up from her grave LOL ;).
 

Red

Member
Typical. The left going crazy over Trump stealing money from cancer ridden children, as if this isn't a totally normal regular not at all questionable thing to do. You guys criticize him over every little thing.
 

Dehnus

Member
That guy never existed.

Oh it is just something you say sometimes, if it is moustache twirling evil like Scrooge or something else from the novels of Charles Dickens.

Unless you mean I misspelled Kim Yung Un's name. In wich case I'm not even sorry, that guy is at Stalin levels of evil ;).

PS: I just checked its Kim Jong-Un, but again, why should I mind that? You knew what Stalinesque fucker I mean ;).
 
The Trump family is everything decent people should hate and Republicans by in large voted for this man to be President, let that sink in.
 

commedieu

Banned
The Trump family is everything decent people should hate and Republicans by in large voted for this man to be President, let that sink in.

Republicans are single issue voters. Their single issue was reverting things to when America was great, read: no rights for women or minorities during a coal boom.

As long as that's his goal, they'll continue to support him.
 
The Trump family is everything decent people should hate and Republicans by in large voted for this man to be President, let that sink in.

 

Oersted

Member
Least we forget

The Trump administration's budget blueprint calls for reducing National Institutes of Health spending by $5.8 billion, but the chief executive officer of St. Jude Children's Research Hospital in Memphis said now is the time to increase investment in cancer research.

With its mission of research and treatment of childhood cancers and other life-threatening diseases, St. Jude receives about $6 million a year from the NCI as the nation's first and only Comprehensive Cancer Center focused only on children.

http://www.commercialappeal.com/sto...ows-time-cancer-research-investment/99542698/
 

cameron

Member
All of this seems to defy federal tax rules and state laws that ban self-dealing and misleading donors. It also raises larger questions about the Trump family dynamics and whether Eric and his brother, Don Jr., can be truly independent of their father.

Especially since the person who specifically commanded that the for-profit Trump Organization start billing hundreds of thousands of dollars to the nonprofit Eric Trump Foundation, according to two people directly involved, was none other than the current president of the United States, Donald Trump.

Isn't that nice?
 
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