No Trump U profits went to charity as he promised
Donald Trump vowed at the time that he would give a percentage of profits from his “university” to charity. Forty million dollars later, that never happened, the Washington Post reported.
“Trump University would be a noble endeavor, he said, with an emphasis on education over profits. It was a way for him to give back, to share his expertise with the masses, to build a ‘legacy as an educator.’ He wouldn’t even keep all the money — if he happened to make a profit, he would turn the funds over to charity.”
“All told, Trump University received about $40 million in revenue from more than 5,000 participants before it halted operations in 2010 amid lawsuits in New York and California alleging widespread fraud. The New York attorney general estimated Trump netted more than $5 million during the five years it was active. He has since acknowledged that he gave none of the profits to charity.”