Truth, Justice, and the American Way.
Posted on 01/28/2016 4:50:09 PM PST by dangus
I've seen reports that Donald Trump isn't raising money for Wounded Warriors, but for his own foundation. I'm sure he's not stupid enough not to make sure that every cent he raises doesn't go to disabled veterans. And while I really don't like a lot of things about Trump's campaign or past issues, frankly, it makes sense to have control over the donations so they don't go to the sort of waste typical of many charities.
But it turns out that Donald Trump's foundation isn't legally a private charity; it's a public non-profit organization. A "510(c)3," in the parlance of government. The distinction is somewhat technocratic: both are tax-exempt, and the purpose of non-profit organizations is to serve the public benefit.
One of the ways the government ensures that 501(c)3 organizations are truly charitable is that they must receive one third (33.3%) of their donations from donors who give relatively small donations.
By the way, this is why you always hear "charities" telling you that wealthy donors will match your contributions 2-to-1. It's not that the wealthy donors are trying to make you demonstrate your commitment to the cause. It's that they legally CAN'T give another dollar until you give another fifty cents.
So here's the thing: Even if every last penny his supporters give to his foundation went to wounded warriors, he would still be legally able to give two more dollars of his own money, tax free, for whatever other purposes that foundation serves. And many of these purposes may just happen to be useful to his campaign: "educating" the public about policy issues, "researching" public opinion, paying for people to fly around the countries.
Given the horrific nature of the US tax code everything financial is a tax scheme.
Ask about the Clintdog foundation
Are you....whatever...
... continued...
What other things does Trump Foundation spend on?
Remember when the Komen Foundation came under fire for funding Planned Parenthood and lost millions in donations? A coalition of liberals got together to make sure they replaced every penny, to make sure that Komen continued to fund abortion. Leading that charge? The Trump Foundation.
They also fund the ACLU, and many other radical-left organizations.
Point is the person he’s helping with his “charity” is himself.
Desperado... why don’t you come to your senses?
Anyone who does anything he thinks is good is self serving in your book unless he also grovels in a corner and says oh just ignore me? If so, apply that to yourself too.
If there was an involvement with Komen that doesn’t mean he is bound and determined to keep supporting that now, either.
Anything to raise distraction.
Hey you donate to the foundation it’s tax deductible for you.
There are veterans who are “wounded warriors”,
and then there is the organization called “The wounded Warriors Foundation”.
They are two different things altogether.
Are you anti veteran?
Are you anti wounded warrior?
Or are you just anti Trump?
Pretty sure he’s just raising money for wounded veterans because he would rather do that than walk through the Fox news ambush.
Only in some progressive la-la-land does this make it evil. This simply says the amount donated isn’t also taxed. It’s still donated.
Too many people have learned how the Wounded Warriors Project is run to donate through them without taking a PR black eye.
http://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=12842#.Vqq8LYlMEb0
The organization has some good programs. They do some unique things.
But they also waste a whole lot of money and pay exorbitant salaries to their executives.
Are you criticizing the Clinton Foundation? Trump gave tons of money to it, and we all know he is a god!
Who gives a damn. The money is going to a charity, ugly or otherwise.
You anti-Trump morons will stand with anyone. What a lame position.
Truth, Justice, and the American Way.
Who doesn't use the existing tax codes to contribute to charities?
Your thread is not only a blatant and useless attempt to condemn Trump but a definite marker pointing you out to be stupid..........Sheesh!
Right. Because right now in the middle of running for president he has nothing better to do than start a fake charity to add another million on top.of his billions. Do you even know how ridiculous you sound?
Wounded Warriors Project told The Hill that they haven’t been contacted by anyone from Trump’s campaign about receiving money from the event. It’s unclear where the money will eventually go, but yes, the event website stipulates that the money will go to the Donald J. Trump Foundation.
Listen Morons, Trump gave up a 250 million dollar a year TV show to run for President. What tax write off would he get from this? Imbecilic in the EXTREME.
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