The Donald J. Trump Foundation admitted to the IRS that it broke a rule against "self-dealing," in which charity leaders use donated money for personal gain.
The Washington Post reports the admission was in the 2015 tax filings for the foundation, which were posted Monday night on Guidestar, a nonprofit-tracking site. The Post could not confirm if the same forms were sent to the IRS.
Money disbursed to 'disqualified' people
Specifically, a question if the foundation had transferred money to a "disqualified" person. That would include Trump, as the foundation president, or his family or a Trump business. That form was checked "yes."
Another question asked if the foundation had engaged in self-dealing, which was also checked "yes."
This could force Trump to pay excise taxes and/or repay the self-dealt money.
Trump was harshly critical of the Clinton Foundation, calling it "criminal."
A $20K jumbo-sized portrait
The Trump Foundation is currently under investigation from the New York Attorney General.
The foundation has been accused of questionable dealings before. In one case, Trump used $285,000 in foundation funds on personal legal issues. He also infamously paid $12,000 for a football helmet signed by Tim Tebow and $20,000 for a jumbo-sized portrait of himself.
Trump just admitted the Trump Foundation is the corrupt piggybank we knew it was. Will he be impeached? Nahhhhh— Emanuel Zbeda (@therealezway) November 22, 2016
Trump critics were not surprised.
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