Trump lies about his foundation’s spending
The Tweeter-elect claims his foundation pays zero expenses and donates 100% of its income to charity:
“The DJT Foundation, unlike most foundations, never paid fees, rent, salaries or any expenses. 100% of money goes to wonderful charities!” The foundation admitted to the IRS last year that it engaged in “self-dealing,” a prohibited practice in which a non-profit leader uses an organization’s money to benefit his own interests. Trump used $258,000 from his foundation to settle lawsuits ranging from self-dealing fines to quarrels with the town of Palm Beach, Florida, over the height of a flagpole at Trump’s Mar-a-Lago Club. The Mar-a-Lago lawsuit was settled in 2007 after Trump agreed to donate $100,000 to the Fisher House Foundation, a charity for veterans. Instead of reaching into his personal funds, Trump settled the lawsuit using his foundation’s money.