Jimmy Higgins
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So anyway, radical left-wing rag Forbes magazine reported that Eric Trump funneled charity money meant for St. Jude's Hospital to the Trump Organization and other groups he has ties with.
12.3% expense cost to slip money donated from patrons of hotels? The Eric Trump Foundation had one paid employee. Where the heck is the 12.3% expense cost coming from? Regardless, let's deal with the $20 million thing. While the Trumps have made a career of lying, one thing that the general public doesn't like are people that swindle charities that serve dying children. So let's dive in deeper.
This claim isn't actually new, it was spawn back in October 2015. So umm... Trump was upset that his son wasn't given enough credit for being so generous. $20 million, that is a lot of money to have given.
Given? You know, when I give money to charities, I actually make a payment. Usually monthly. I don't pledge to pay $1000 a year, and brag I gave $1000 to MSF. Relevance?
So what about the $20 million promised?
So Eric Trump not only skimmed money off the top, but had an ICU named after him for promising to donate other people's money to St. Jude's. What a fucking asshole.
Yeah, just what you'd expect from the Trumps. The White House came out in defense of Eric with a howler that reads like the Donhole wrote it:article said:According to IRS filings, the Eric Trump Foundation in 2012 spent $59,085 on its annual Golf Invitational fundraiser held at the Trump National Golf Club in Westchester County, New York -- money that skimmed from donations to St. Jude's Children's Research Hospital.
Those expenses ballooned to $230,080 in 2013 and to $242,294 in 2014, according to the filings. It is unclear from these tax forms how much of those payments went to the Trump Organization.Forbes reported that in 2011, costs for Eric Trump’s golf tournament fundraiser tripled because his father realized that the organization had not been charging for the event and there were no bills to prove it. The Foundation declined to provide Forbes with an itemized list of expenses for the tournament.
Charity experts told Forbes that the amount paid to the Trump Organization for a golf tournament fundraiser for St. Jude’s "defy any reasonable cost."
Okay, so we have a number of things there. So Eric Trump's Foundation raised over $16.3 million over several years. The $16.3 million amount was confirmed by St. Judes.Pres. Trump? said:During the past decade, the Eric Trump Foundation has raised over $16.3 million for St. Jude Children’s Research hospital while maintaining an expense ratio of just 12.3 percent. The Eric Trump Foundation was also responsible for building a $20 million dollar ICU which treats the sickest children anywhere in the world suffering from the most catastrophic terminal illnesses.
But... Eric tried to stamp his name on as much of that money as possible to inflate "his" donation.NY Times said:The letter said that some of the money was raised via related efforts, such as an Eric Trump Foundation-affiliated team that participates in the New York City Marathon.
So $7 million raised from sources he hadn't had much to do with, and $7.9 million from unknown sources. We know the Trump Foundation should have been named the McMahon (WWE) Foundation as they seemed to be the only people giving money to it.Washington Post said:Eric Trump says he has raised about $15 million for St. Jude. That figure includes $7.9 million in donations from the Eric Trump Foundation, and $7 million more from other fundraisers he has organized, often held at Trump organization properties. At Trump hotels, for instance, guests can make small donations through their room bills.
12.3% expense cost to slip money donated from patrons of hotels? The Eric Trump Foundation had one paid employee. Where the heck is the 12.3% expense cost coming from? Regardless, let's deal with the $20 million thing. While the Trumps have made a career of lying, one thing that the general public doesn't like are people that swindle charities that serve dying children. So let's dive in deeper.
This claim isn't actually new, it was spawn back in October 2015. So umm... Trump was upset that his son wasn't given enough credit for being so generous. $20 million, that is a lot of money to have given.
Given? You know, when I give money to charities, I actually make a payment. Usually monthly. I don't pledge to pay $1000 a year, and brag I gave $1000 to MSF. Relevance?
Ah... so Eric Trump promised to give $20 million, he didn't actually donate $20 million. Odd timing, 2015, primary season warm ups. So the Eric Trump Foundation would donate $20 million over 10 years. Wait... the Eric Trump Foundation? This Eric Trump Foundation?Washington Post (ibid) said:St. Jude named a surgery and intensive-care unit after the Eric Trump Foundation in 2015, after the foundation made a pledge to donate $20 million over 10 years.
Apparently Eric Trump was accidentally selling access to the First Family. You know how that stuff happens accidentally.ibid (posts to article date 12/22/16) said:Eric Trump is suspending the operations of his charitable foundation — ceasing all fundraising — after facing questions about whether the foundation donors might get special access to members of the first family.
So what about the $20 million promised?
Yeah, so he donations made by patrons of Trump properties would pay, in whole, the donations Eric Trump promised.ibid said:Eric Trump said that the remaining money owed to St. Jude under the $20 million pledge could be covered by Trump Organization properties. “The small dollar donations direct to St Jude from the hotels raise millions of dollars a year and would more than fulfill the obligations (we are years and years ahead of the pledge)," Eric Trump wrote.
So Eric Trump not only skimmed money off the top, but had an ICU named after him for promising to donate other people's money to St. Jude's. What a fucking asshole.