Thanks.
"Mr. Trump had a cow. He flipped. He was like, ‘We’re donating all of this stuff, and there’s no paper trail? No credit?’ And he went nuts. He said, ‘I don’t care if it’s my son or not–everybody gets billed.’ "
Katrina Kaupp, who served on the board of directors at the Eric Trump Foundation in 2010 and 2011, also remembers Donald Trump insisting the charity start paying its own way, despite Eric’s public claims to the contrary. “We did have to cover the expenses,” she says. "The charity had grown so much that the Trump Organization couldn’t absorb all of those costs anymore."
It would appear that your beef would be with Donald more than Eric?
Reading the article, the event grew every year in revenue generated for St. Judes Hospital. The first year the expense was 13% and the author was ok.
The Eric Trump Foundation employed no staff until 2015, and its annual expense ratio averaged 13%, about half of what most charities pay in overhead.
Doing the math, as the revenue increased, so did the expenses but the author plays games and doesn’t give all the numbers. He just lights his hair on fire.
But in 2011, things took a turn. Costs for Eric Trump’s tournament jumped from $46,000 to $142,000, according to the foundation’s IRS filings. Why would the price of the tournament suddenly triple in one year?
The answer could very well be, so did the revenue? Notice that the author doesn’t give the revenue generated when they are claiming foul? Why not?
THE COSTS FOR ERIC’S golf tournament quickly escalated. After returning, in 2012, to a more modest $59,000–while the event brought in a record $2 million–the listed costs exploded to $230,000 in 2013, $242,000 in 2014 and finally $322,000 in 2015 (the most recent on record, held just as Trump was ratcheting up his presidential campaign), according to IRS filings. This even though the amount raised at these events, in fact, never reached that 2012 high.
2 million times 13% is $260,000.00. Notice the expenses listed?
Now here is the real meat of the article. While you’re condemning Eric, the truth is; The real star of the day is Eric Trump, the president’s second son and now the co-head of the Trump Organization, who has hosted this event for ten years on behalf of the St. Jude Children’s Research Hospital in Memphis. He’s done a ton of good: To date, he’s directed more than $11 million there, the vast majority of it via this annual golf event. He has also helped raise another $5 million through events with other organizations.
NF…you’re loosing it man. Seriously.
