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Eric Trump

Information about Eric Trump

Wiki source

In June 2017, Forbes reported that the Eric Trump Foundation shifted money intended to go to cancer patients to the family's businesses. Eric Trump had asserted that his foundation got to use Trump Organization assets for free ("We get to use our assets 100% free of charge"), but that appears not to be the case. According to Forbes, more than $1. 2 million of the donations went to the Trump Organization for the use of Trump's Westchester golf course and that "Golf charity experts say the listed expenses defy any reasonable cost justification for a one-day golf tournament. " According to a former member of the foundation's board of directors, "We did have to cover the expenses.  . . . The charity had grown so much that the Trump Organization couldn't absorb all of those costs anymore. " Forbes acknowledged that the charity has done a great deal of good, including an intensive-care unit that opened in 2015 at St. Jude Children's Research Hospital, as well as funding cancer research. According to Trump, the Foundation's expense ratio is 12. 6%, and "at no time did the Trump Organization profit in any way from the foundation or any of its activities".