Wednesday, November 23, 2016

FIRST TRUMP UNIVERSITY, NOW THE TRUMP FOUNDATION. I expect a lot more sleaze to emerge than what appeared yesterday:
President-elect Donald Trump’s charitable foundation has admitted to the Internal Revenue Service that it violated a legal prohibition against “self-dealing,” which bars nonprofit leaders from using their charity’s money to help themselves, their businesses or their families.

The admission was contained in the Donald J. Trump Foundation’s IRS tax filings for 2015, which were recently posted online at the nonprofit-tracking site GuideStar. A GuideStar spokesman said the forms were uploaded by the Trump Foundation’s law firm, Morgan, Lewis & Bockius.

The Washington Post could not immediately confirm if the same forms had actually been sent to the IRS.

In one section of the form, the IRS asked whether the Trump Foundation had transferred “income or assets to a disqualified person.” A disqualified person, in this context, might be Trump — the foundation’s president — or a member of his family or a Trump-owned business.

The foundation checked yes.

Read the whole thing.

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