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Trump Foundation Lacks Certification Required for Charities That Solicit Money

By on September 30, 2016 in Administrative Law, Banking & Finance

The Washington Post is reporting that the charitable Donald J. Trump Foundation — which has been sustained for years by donors outside the Trump family — has never obtained the certification that New York requires before charities can solicit money from the public, according to the state attorney general’s office.

New York state law requires any charity that solicits more than $25,000 a year from the public to obtain a special kind of registration before collecting contributions, reports The Post‘s David A. Fahrenthold. The law also requires large charaties to submit to a rigorous annual audit that asks — among other things — whether the charity spent any money for the personal benefit of its officers.

“If New York Attorney General Eric Schneiderman (D) finds that Trump’s foundation raised money in violation of the law, he could order the charity to stop raising money immediately,” writes Farenthold. “With a court’s permission, Schneiderman could also force Trump to return money that his foundation has already raised.”

Read the article.

 

 

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