A charity started by Eric Trump, the Curetivity Foundaton, which recently changed its named from the Eric Trump Foundation (wonder why?) spent nearly $150,000 from money donated to the organization and gave it to Trump-owned properties.
Tax filings show it is a significant portion of the total $1.7 million the foundation raised.
What’s even more surprising about the “fundraising” that went on at Trump properties, aside from the foundation’s total finances, is that nearly every dollar raised at the events went to event expenses, leaving the charity with a $0 in net income.
A research analyst from Bloomberg uncovered that little factoid.
New tax return: Eric Trump Foundaiton paid $145,145 to Trump businesses in 2016, including golf club, hotel & Mar-a-Lago. 100% of fundraising event money raised went to beneficiaries or event expenses—to the dollar—leaving it with exactly $0 in net income https://t.co/RNSs0Y3iXf pic.twitter.com/npJTk4wpnc
— Anna Massoglia (@annalecta) January 12, 2018
Apparently, that’s what Trump’s properties are charging the charity to raise money on their grounds – a practice that might be legal. At the very least, on its surface, Trump and his sons are charging a very high amount, money that should be spent for the purpose it was founded on.
Tax records indicate that $145,145 went to the president’s Mar-a-Lago golf club, the former Trump SoHo Hotel in New York, and other Trump properties.
Now – New York Attorney General Eric Schneiderman is looking into the matter. There’s currently an ongoing investigation into the foundation.
In the past, Eric Trump has been criticized for claiming that all the money he raised went to kids with cancer, but spent more than $200,000 on other causes. While Trump did give a lot of the money to St. Jude Children’s Research Hospital, the other organizations had strong ties to Trump family members and their interests. That also is currently under investigation.
To Eric Trump’s credit – it appears some of the billing errors might be due to President Trump’s orders himself, which apparently made Eric Trump mad, given his previous promises.
According to a new article from Forbes, which states “Eric Trump lied about his foundation’s expenses, Trump took issue with that fact and voiced it towards his father:
“The new document reveals the finances of the foundation during the presidential run of Donald Trump, the man who commanded that the charity pay his business, according to two people directly involved. Former Trump National Westchester employee Ian Gillule previously told Forbes that Eric’s organization was not billed in its first few years of operation. “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.”
The filing breaks down more specific expenses that also do not seem to line up with previous statements by Eric Trump. “Things like wine we were normally able to get donated,” he told Forbes last year. The filing shows food and beverage expenses of $118,000.”