WaPo - Trump Foundation admits to violating ban on self-dealing, new filing to IRS shows [View all]

[TomCADem]

Given the sudden interest in charitable foundations and investigations for tax evasion, I doubt the FBI is going to be looking into Trump's foundation any time soon.

https://www.washingtonpost.com/politics/trump-foundation-apparently-admits-to-violating-ban-on-self-dealing-new-filing-to-irs-shows/2016/11/22/893f6508-b0a9-11e6-8616-52b15787add0_story.html?utm_term=.3cd697136691

President-elect Donald Trump’s charitable foundation has admitted to the Internal Revenue Service 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.

The admission was contained in the Donald J. Trump Foundation’s IRS tax filings for 2015, which were recently posted online at the nonprofit-tracking site GuideStar. A GuideStar spokesman said the forms were uploaded by the Trump Foundation’s law firm, Morgan, Lewis & Bockius.

The Washington Post could not immediately confirm if the same forms had actually been sent to the IRS.

In one section of the form, the IRS asked whether 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.