Tuesday, November 22, 2016

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

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

President-elect Donald Trump’s charitable foundation has admitted to the IRS 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 and Bockius

  

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