Trump Foundation lacks proper certification: Report
The Trump Foundation, established by the US Republican presidential nominee Donald Trump, is allegedly said to lack the proper certification to be soliciting money from public donors.
According to a report by The Washington Post on Thursday, the Republican nominee’s charitable foundation, known as the Donald J. Trump Foundation, is based in New York and the state 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.”
This is while the foundation, which has collected millions of dollars from donors outside the Trump family, has never obtained such a certification.
New York Attorney General Eric Schneiderman said the money that the Trump Foundation had raised up until that time was in violation of the law and a court order could be issued to stop the fund raising process immediately.
Schneiderman also noted that upon a court’s permission, the New York businessman could be forced to return any donations that his foundation had received.
The attorney general has already launched a probe into the Trump Foundation over allegations that the real estate mogul used the charity’s money for personal and political reasons.
Trump’s campaign has not yet confirmed or rejected the reports about the donations gained by the charitable foundation.
The Trump Foundation is a non-governmental charity organization founded in the 1980s initially to give away profits from his book “The Art of the Deal.”
Since 2008, Trump 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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