Report: Trump Foundation lacks proper certification
Donald Trump’s charitable foundation doesn’t have the proper certification to be soliciting money from outside donors, The Washington Post reported.
{mosads}New York law requires any charity that raises more than $25,000 a year from the public to have a specific registration, and such groups must go through annual audits.
The Post reported that the Donald J. Trump Foundation, which has raised millions from donors outside the Trump family, has never obtained such a certification.
The Trump Foundation is based in New York; state Attorney General Eric Schneiderman could order the foundation to stop raising funds if he finds it in violation of the law. A court could also order Trump, now the Republican Party’s presidential nominee, to return any past donations.
Schneiderman’s office has already launched an investigation into the foundation over reports that Trump used the charity’s money for personal and political reasons.
Trump’s foundation originally started to donate proceeds of his book, “The Art of the Deal,” and he was the sole donor for several years. Since 2008, the real estate mogul himself has not put any money into the charity, but it has raised more than $25,000 annually for at least 10 years.
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