Washington Post - President-elect Donald Trump’s charitable foundation has apparently admitted to the IRS that it violated a legal prohibition against “self-dealing,” which bars nonprofit leaders from using their charity’s money to help themselves, their businesses, or their families.
That admission was contained in the Donald J. Trump Foundation’s IRS tax filings for 2015, which were posted online Monday evening at the nonprofit-tracking site Guidestar.
In one section of the form, the IRS asked if the Trump Foundation had transferred “income or assets to a disqualified person.” A disqualified person, in this context, might be Trump – the foundation’s president – or a member of his family, or a Trump-owned business.
The foundation checked “yes.”
Another line on the form asked if the Trump Foundation had engaged in any acts of self-dealing in prior years. The Trump Foundation checked “yes” again.
Such violations can carry penalties including excise taxes, and the charity leaders can be required to repay money that the charity spent on their behalf.
During the presidential campaign, The Washington Post reported on several instances in which Trump appeared to use the Trump Foundation’s money to buy items for himself, or to help one of his for-profit businesses.