Regardless, charities aren’t allowed to make political donations. Democrats accused Trump of having tried to buy off Bondi, but Bondi denied that there was any connection between the campaign donation and her decision not to pursue an investigation. At the time the donation was made, Bondi had been considering whether to launch an investigation of the scandal-plagued Trump University. At the end of August, Fahrenthold reported that the Trump Foundation had violated tax laws in 2013 by making a $25,000 political donation to Pam Bondi, the attorney general of Florida. The Post has delivered other revelations. But the Post also pointed out that Trump hadn’t given any of his own money to the Trump Foundation since 2008-almost all of its funding came from other people, including some of his business associates. Trump Foundation, the family charity that Trump established in 1988. The only cash donations were from the Donald J. The Trump campaign had provided the newspaper with a list of donations made by the candidate, but many turned out to be gifts-in-kind from Trump’s businesses, such as free rounds of golf at Trump courses donated to charity auctions, and land-conservation agreements to forgo development rights on Trump-owned properties. Helderman reported that they couldn’t find a single cash donation to charity that Trump personally had made over the previous five years. Back in April, Fahrenthold and Rosalind S. Trump’s charitable giving has now become a campaign issue, largely due to a series of Post articles written by David Fahrenthold and his colleagues. How many “millions of dollars”? People around Trump have answered that question in a number of ways. A couple of weeks ago, Mike Pence, Trump’s running mate, said that anyone “who knows about Donald Trump and his career knows that this is a man who’s given away tens of millions of dollars to charitable causes throughout his business life.” In July, Trump’s son Eric said his father had given away “millions and millions and millions of dollars.” Last year, on the same day that Trump officially launched his Presidential bid, his campaign provided a specific number: a “summary of net worth” document made public that day stated that Trump had given away $102 million between 20. “He has provided millions of dollars to fund his Foundation and a multitude of other charitable causes.” Trump is generous both with his money and with his time,” Miller said, in a statement reacting to the latest Washington Post reporting on Trump’s charitable foundation. The sentiment was reiterated this week by Jason Miller, his campaign spokesperson. “I’ve given millions away,” Trump said in May. This, of course, is a terrible idea, and a good reason for Republicans to hesitate in coalescing around Trump.This essay is part of a series The New Yorker will be running through the election titled “ Trump and the Truth.”ĭonald Trump is a rich man-even if just how rich remains an open question-and he and his campaign have long insisted that he is also a very charitable fellow. Investors would cease to see Treasurys as a safe asset, and they would demand higher interest rates in exchange for risk. Trump - by openly saying that he would keep partial payment on the table as an option - could spark a crisis in the Treasury markets if he became president. ![]() US Treasury bonds have very low interest rates because investors are extremely confident they will be paid in full, even in poor economic conditions. But that kind of debt bears a high interest rate, because the lenders know you might not be able to pay them back in full if something really bad happens. Some corporate finance deals really do work like this: You issue risky debt, and the lenders know you might not be able to pay them back in full if something really bad happens. "I would borrow knowing that if the economy crashed, you could make a deal." "I've borrowed knowing that you can pay back with discounts," he said.
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