New Filings Show Donations To Eric Trump's Foundation Plunged Amid Scandal
Source: Forbes
Jan 8, 2019, 09:30am
New Filings Show Donations To Eric Trump’s Foundation Plunged Amid Scandal
Dan Alexander
Forbes Staff
Eric Trump’s old foundation took in roughly $900,000 in 2017, its lowest total since 2010, according to a tax return obtained by Forbes. The charity also helped raise an additional $2 million that went directly to St. Jude Children’s Research Hospital without passing through the accounts of the charity, which has been mired in scandal for the last 19 months.
The new tax return and an audit statement, both filed in November but never previously reported, make it clear that the Eric Trump Foundation underwent an extreme makeover in 2017, the same year Forbes published an expose into the charity, prompting an investigation by the New York state attorney general. The foundation changed its name to Curetivity, removed 13 of its 17 directors, instituted a written whistleblower policy and adopted new accounting methods. Most significantly, for the first time since 2010, the organization stopped shifting funds into charities other than St. Jude, where it told its donors it was sending their money.
“Those are important improvements,” said Daniel Borochoff, president of nonprofit watchdog CharityWatch. “It’s good that they finally got around to following these basic good-governance rules for nonprofit organizations.”
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Read more: https://www.forbes.com/sites/danalexander/2019/01/08/donations-to-eric-trumps-foundation-plunged-amid-scandal/#7deb14b14f4d
Hat tip, David Fahrenthold:
Interesting thread about the Trump family's use of other people's money to make charitable donations...
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1/5) This is a promotional video, in which Eric Trump explains how his foundation “raised an inordinate amount of money and it all obviously goes to children of St. Jude”. But that wasn’t true.
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(2/5) As you can see on this 2014 IRS document, some of the money in fact went to the Trump Organization, and some of it went to other charities, like a North Carolina animal shelter named Paws Place.
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= new reply since forum marked as read
