2016-09-30 — washingtonpost.com
Donald Trump's charitable 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.
Under the laws in New York, where the Donald J. Trump Foundation is based, any charity that solicits more than $25,000 a year from the public must obtain a special kind of registration beforehand. Charities as large as Trump's must also 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. With a court's permission, Schneiderman could also force Trump to return money that his foundation has already raised.
Experts on charity law said they were surprised that Trump's foundation -- given its connections to a wealthy man and his complex corporation -- did not register to solicit funds.
"He's a billionaire who acts like a thousandaire," said James J. Fishman, a professor at Pace University's law school in White Plains, N.Y. He said Trump's foundation seemed to have made errors, including the lack of proper registration, that were more common among very small family foundations.
"You wouldn't expect somebody who's supposed to be sophisticated, and brags about his business prowess, would run his foundation like this," Fishman said.
In other news, Trump may have violated the US-Cuban embargo. No biggie.
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