Donald Trump spent $258,000 from his charitable foundation to settle lawsuits that involved the billionaire’s for-profit businesses, The Washington Post reported Tuesday morning. In one case, Trump faced $120,000 in unpaid fines in a dispute over the height of a flagpole at his Mar-a-Lago Club in Palm Beach, Florida. As part of the settlement, Palm Beach agreed to waive the fines if Trump donated $100,000 to a specific veterans charity. As the Post revealed, he sent a check from the Donald J. Trump Foundation, his charitable organization funded almost entirely by outside contributions. In another case, Trump settled a lawsuit by agreeing to donate $158,000 to a charity of the plaintiff’s choosing; and, again, he cut a check from his charitable foundation. According to the Post, such use of his charity’s funds may have violated laws against “self-dealing”—a term to describe a nonprofit leader’s use of charity money to benefit themselves.
Read it at The Washington PostArchive
Trump Used Charity Funds to Settle Legal Problems
‘SELF-DEALING’
Spent at least $258K of foundation money on for-profit biz cases.
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