Trump Foundation gets to dissolve and giveaway leftover$ to legit charities


Fake president must give up favorite personal piggy bank

❝ President Donald Trump’s charitable foundation reached a deal Tuesday to go out of business, even as Trump continues to fight allegations he misused its assets to resolve business disputes and boost his run for the White House.

New York’s attorney general and lawyers for the Trump Foundation agreed on a court-supervised process for shutting down the charity and distributing about $1.7 million in remaining funds to other nonprofit groups…

This leaves his presidentship campaign, transition, inauguration and real estate empire continuing under investigation.

❝ NY State AG Barbara Underwood cited “a shocking pattern of illegality involving the Trump Foundation — including unlawful coordination with the Trump presidential campaign, repeated and willful self-dealing, and much more.”

The foundation operated as “little more than a checkbook to serve Mr. Trump’s business and political interests,” she said.

Who says Republicans don’t understand perpetual motion? As long as it involves pocketing other peoples’ money – they never stop.

Is there anything about taxes that Trump doesn’t lie about?

trump-ugly
Click to enlargediscovered by Univision reporter Enrique Acevedo

An adviser to Donald Trump on Tuesday offered a new explanation for why a portrait of Trump — paid for by the Republican nominee’s charitable foundation — wound up on display at a Trump-owned golf resort in Florida.

Trump, the adviser said, was actually doing his charity a favor, by “storing” its painting on the wall of a bar at Trump National Doral, outside Miami…

MSNBC’s Hallie Jackson pressed Boris Epshteyn. Was he really talking about the $10,000 portrait that was recently discovered — by an Univision journalist — at the Champions Bar and Grill? “You’re telling me that that is storage, for Mr. Trump?” Jackson.

“Right, of course, he’s doing a good thing for his foundation,” Epshteyn said.

That appeared to be the first time that anyone connected to Trump has explained the rationale behind the placement of the portrait, which was discovered by Univision’s Enrique Acevedo last week.

Trump bought the painting at a charity auction in 2014, with a winning bid of $10,000. Later, he paid with a check from the Donald J. Trump Foundation — a small charity, whose tax records show no personal donations from Trump himself since 2008.

By law, tax experts said, the portrait then belonged to the Trump Foundation, and Trump was required to find a charitable use for it. If he did not, Trump risked violating laws against “self-dealing,” which prohibit leaders of nonprofit groups from using their charities’ money to buy things for themselves or their businesses.

Tax experts were not impressed by this reasoning.

“It’s hard to make an IRS auditor laugh,” Brett Kappel, a lawyer who advises nonprofit groups at the Akerman firm, said in an email. “But this would do it.”

I’m confounded by Trumpkins who say they’re looking for a champion to fight against government lies and corruption – and they choose one of the most corrupt pigs slopping at the corporate real estate trough in the whole nation.