Tags: Trump Administration | Donald Trump | Donald Trump | foundation | certification

Report: Trump's Foundation Didn't Get Certification

Image: Report: Trump's Foundation Didn't Get Certification

Donald Trump (AP Photo)

By    |   Thursday, 29 Sep 2016 10:13 PM

Donald Trump's foundation failed to obtain proper certification required by the state of New York for charities that solicit more than $25,000 a year from the public, The Washington Post reported.

New York Attorney General Eric Schneiderman's office could order Trump's foundation to stop raising funds immediately if it determines the charity has been operating improperly, the Post reported. Schneiderman's office would not confirm or deny it is looking into the foundation, but the attorney general has been investigating Trump University on claims it did not deliver on promises of real estate investment education after charging thousands to students.

The attorney general's office also could force the Trump Foundation to return all funds already raised if it gets a judge's permission.

Trump's foundation originally was funded by himself, and would not have needed the certification. But in the early 2000s, it did start taking in donations from others.

Some of those donations were solicited, including in 2005, when Trump's wife, Melania, was named "Godmother" of a new Norwegian Cruise Lines ship. The agreement called for $100,000 to be given to the Trump Foundation.

At about that same time, Trump significantly reduced his own gifts to the foundation, and after 2008 all its income has come from outside the Trump family.

More than $4.3 million has come in from other donors, with much of that possibly solicited by Trump himself.

The Post noted earlier this year Trump asked the public to send gifts to the foundation in order to be distributed to veterans groups. The foundation said in a thank-you message more than $1,670,000 was raised online.

Charity law experts expressed surprise at Trump's failure to follow the basic rule, which typically is only overlooked by small family charities.

"He's a billionaire who acts like a thousandaire," professor James J. Fishman of Pace University's law school in White Plains, N.Y., told the Post.

"You wouldn't expect somebody who's supposed to be sophisticated, and brags about his business prowess, would run his foundation like this," he said.

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
Newsfront
Donald Trump's foundation failed to obtain proper certification required by the state of New York for charities that solicit more than $25,000 a year from the public, The Washington Post reported.
Donald Trump, foundation, certification
336
2016-13-29
Thursday, 29 Sep 2016 10:13 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved