ATRL Senior Member
Member Since: 11/14/2008
Posts: 24,988
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Trump Foundation in Trouble
Trump Foundation admits to violating ban on ‘self-dealing,’ new filing to IRS shows
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President-elect Donald Trump’s charitable foundation has admitted to the IRS that it violated a legal prohibition against “self-dealing,” which bars nonprofit leaders from using their charity’s money to help themselves, their businesses or their families.
The admission was contained in the Donald J. Trump Foundation’s IRS tax filings for 2015, which were recently posted online at the nonprofit-tracking site GuideStar. A GuideStar spokesman said the forms were uploaded by the Trump Foundation’s law firm, Morgan, Lewis and Bockius.
The Washington Post could not immediately confirm if the same forms had actually been sent to the IRS.
In one section of the form, the IRS asked if the Trump Foundation had transferred “income or assets to a disqualified person.” A disqualified person, in this context, might be Trump — the foundation’s president — or a member of his family or a Trump-owned business.
The foundation checked “yes.”
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Another line on the form asked if the Trump Foundation had engaged in any acts of self-dealing in prior years. The Trump Foundation checked “yes” again.
Such violations can carry penalties including excise taxes, and the charity leaders can be required to repay money that the charity spent on their behalf.
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In three other cases, Trump’s foundation paid for items that Trump or his wife purchased at charity auctions. In 2012, Trump bid $12,000 for a football helmet signed by then-Denver Broncos quarterback Tim Tebow. In another case from 2007, Trump’s wife, Melania, bid $20,000 on a six-foot-tall portrait of Trump painted by “speed painter” Michael Israel during a gala at Mar-a-Lago. And in 2014, Trump bid $10,000 to buy a four-foot painting of himself by artist Havi Schanz at another charity gala.
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In the new 2015 tax filing, the Trump Foundation acknowledged for the first time that it owned these items. But it listed market values far below what the foundation had paid: The helmet was valued at $475, the portrait purchased for $20,000 was valued at $700 and the portrait purchased for $10,000 was valued at $500.
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One of them was Project Veritas, the group run by conservative provocateur James O’Keefe, which has used hidden-camera stings to target liberal groups. Stephen Gordon, of Project Veritas, said that its point of contact had been Corey Lewandowski, Trump’s one-time campaign manager.
He said they had a brief meeting with Trump in 2015, at Trump Tower. Trump gave $10,000 from his foundation to the group, which is an IRS-certified nonprofit.
“We showed him a couple of videos. He thought that was really cool. And we walked out with a check. It was a typical donor meeting,” Gordon recalled.
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https://www.washingtonpost.com/polit...dd0_story.html
Y'all was worried about the A rated Charity, Clinton Foundation, who has a better rating than the Red Cross when y'all should've been worried about Trump Foundation. 
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