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Wednesday, November 23, 2016

Trump Foundation admits to violating ban on ‘self-dealing,’ new filing to IRS shows


"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."

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