President Donald Trump reportedly funneled money meant for St. Jude’s cancer hospital to his own private business (the Trump Organization) using his son’s charity as an intermediary entity for the transaction, according to a bombshell story issued by Forbes.
For a decade, Eric Trump’s charity hosted an annual golf tournament that indeed raised millions of dollars for the hospital.
However, Forbes claims that President Donald Trump siphoned $100,000 from his son’s charity and considered it “revenue” for the Trump Organization. The donors were told that all of the money donated would go to charity.
The President claimed that these payments were for costs incurred by the Trump Organization for holding the charities. Mr. Trump reportedly authorized these expense reimbursements. In addition, during the same 10 year period, the President allegedly redirected $500,000 of charity money intended for St. Jude’s cancer hospital to other charities.
Mr. Trump’s expense reimbursement and his redirection of charity money are against the New York and federal laws dealing with self-dealing and misleading the donors of charities.
In December 2016, then President-elect Trump said he was unwinding his New York charity. According to New York’s attorney general Eric Schneiderman, Mr. Trump lacked the legal certification for operating a charity in the State of New York, meaning Mr. Trump’s charity was not operating legally. Mr. Schneiderman has opened an investigation into Mr. Trump’s charity.