The Truth about the Eric Trump Foundation and its charitable giving to the Trump Organization.
December 23, 2016
In promotional videos and press releases, the Eric Trump Foundation (ETF) touts a 95 to 100 percent donation ratio and implies that by benefit of being a Trump, namesake properties are handed over for charity events at little or no cost. But according to a Daily Beast analysis of annual IRS reports and New York state financial disclosures from the charity’s inception in 2007 to 2014, the most recent year for which data is available, ETF spent $881,779 on its annual Golf Invitational at Trump-owned clubs, a portion of which—$100,000 in 2013 and $88,000 in 2014—was reported as paid directly “to a company of a family member of the Board of Directors.” In other words, Donald Trump himself.
However, there are issues around Eric Trump’s previous claims that the charity sent nearly 100 percent of donations to its intended recipient, St. Jude’s hospital, while not publicly acknowledging that a portion of funds ended up going to the Trump Organization. Read more here now.
January 2016 Update:
Eric Trump has recently announced the suspension of activities of the ETF involving a recent pay-to-play scandal with brother Don, Jr. involving auctions among donations to meet with the President-elect. Trump has taken to Twitter to blast his critics for the shutdown intimating criticism was unfair in light his son’s foundation’s good charitable works.