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Published: Tuesday, December 18, 2018 @ 11:36 AM
Updated: Tuesday, December 18, 2018 @ 11:36 AM
— In September 2017, former New York Attorney General Eric Schneiderman announced an investigation into the charitable foundation "to make sure it's complying with the laws governing charities in New York," Schneiderman said at the time.
That investigation began after a 2013 campaign contribution to Pam Bondi, Florida’s attorney general, was traced back to Trump and his foundation.
A lawsuit filed by the New York attorney general’s office in June 2018 sought to dissolve the foundation and bar Trump and three of his children from serving on nonprofit organizations.
On Dec. 18, 2018, the New York attorney general’s office announced that the Trump Foundation had agreed to close, citing a “shocking pattern of illegality.”
Here’s what you need to know about the Donald J. Trump Foundation:
About the Foundation
It was started in 1988 to, according to Trump, give away some of the money made from sale of his book, “The Art of the Deal.”
It’s assets are modest – the largest amount of money in it at any one time was $3.2 million (2009). Its lowest point was in 2007, the foundation’s assets were $4,238. It had about a $1.3 million at last report (2014).
No paid staff; the board is made up of Donald Trump, Donald Trump Jr., Eric Trump, Ivanka Trump and one Trump Organization employee. The Trumps report they each spend 30 minutes a week on foundation work.
Where does the money come from?
Not Donald Trump, apparently. The last time he donated to the foundation was in 2008, according to tax records that go through 2014. That is not to say he has not donated in 2015 or 2016, those records have not been released. The money is donated by others and is doled out to people who request donations.
According to David Fahrenthold of The Washington Post, the money has come from a variety of donors who don’t wish to talk about donating. What Fahrenthold has found out from tax filings is that:
How much has Trump given?
Trump has given a total of $5.4 million to the foundation through 2014.
Who gets the money? How much?
The donations have generally been small, by foundation standards - $5,000 to $15,000 - and have often gone to organizations that have done business with Trump.
Here are a few of the larger donations made by the foundation through the years: