Trump Foundation Tax Return Reveals Finances During Trump’s First Year in Office

During his first year in office, President Donald Trump was listed as president of the Donald J. Trump Foundation, which was entirely funded by a half-million dollar donation from Trump’s business along with a six-figure “reimbursement” from one of his golf clubs, according to a new tax return obtained by the Center for Responsive Politics.

Trump remained president of his namesake foundation through 2017 despite daughter Ivanka Trump officially resigning from her director position in January 2017, according to the tax return, which was filed under the penalty of perjury.

The Trump Foundation did not make any grants in 2017 after contributing $3.1 million in 2016 and reported no spending whatsoever during Trump’s first year in office, according to the tax return.

This follows an October 2016 notice from the New York attorney general’s office claiming that the Trump Foundation was in violation of state law for soliciting donations without proper authorization and ordering it to cease fundraising immediately.

After an investigation concluded that the Trump Foundation was “little more than a checkbook for payments from Mr. Trump or his businesses to nonprofits,” the New York attorney general filed a civil lawsuit against the Trump Foundation in June 2018.

The foundation’s sole 2017 contributor was the Trump Corporation with $502,400. Trump himself has not made any personal donations to his namesake foundation since 2008, accounting for only $2.8 million of the foundation’s funding since 2001.

The Trump Foundation’s biggest donors through 2016 were Vince and Linda McMahon, founders of the WWE. Shortly after his election and before he even took office, Trump selected Linda McMahon as head of the U.S. Small Business Administration.

A “reimbursement” from the Trump National Golf Club accounted for one-third of the foundation’s income.

The tax return…

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