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Donald Trump’s Foundation Engaged in Self-Dealing, IRS Filing Shows

Wednesday, November 23, 2016 8:10
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(Before It's News)

(From The Wall Street Journal)

President-elect Donald Trump’s charitable foundation engaged in self-dealing in 2015 and prior years, the foundation said in an Internal Revenue Service filing.

That self-dealing, which typically triggers additional taxes for anyone who got improper benefits, resulted from payments to “disqualified persons,” or foundation insiders, according to the document. The document, which was the foundation’s tax return for 2015, doesn’t provide more details. Representatives for Mr. Trump didn’t respond to requests for comment Tuesday…

…Trump’s private foundation is relatively small compared to other large nonprofits. Its total expenditures were less than $1 million in 2015, less than 1% of the expenditures of the Bill, Hillary and Chelsea Clinton Foundation.

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