Wed Oct 24, 2012, 11:47 PM
Segami (14,923 posts)
Donald Trump Is The Country’s LEAST Charitable Billionaire
Full of cheese con man!
Donald Trump is offering to donate $5 million to charity--just so long as President Barack Obama digs up and releases his passport and college records in the next week (to The Donald’s “satisfaction,” of course). So this is what it takes to get the purported billionaire to act like a philanthropist?
As reported in these pages, the real estate developer is the country’s least charitable billionaire, a guy who has personally donated a combined $3.7 million to his foundation since 1990. In fact, the largest contributor to the Donald J. Trump Foundation is not the businessman himself, but rather the World Wrestling Federation, which has given the group $5 million in return for Trump’s participation in some WWE promotions. In announcing his $5 million offer to Obama, the 66-year-old Trump suggested that the funds could benefit “inner city children in Chicago,” AIDS research, or the American Cancer Society. Trump, of course, never opened his foundation’s wallet in the wake of tragedies like 9/11, Hurricane Katrina, or the Haiti earthquake.
While he amusingly refers to himself as an “ardent philanthropist,” Trump’s charitable activities make him the laughingstock of the uberwealthy. Over the past 21 years, Trump’s foundation (principally seeded by WWE money) has donated a total of $7.7 million.
How cheap is Trump?
Michael Bloomberg, New York City’s billionaire mayor, donated more than $350 million to his foundation in 2010 (the last year for which records are available). The charitable trust established by the late hotelier Leona Helmsley (who Trump delighted in tormenting) has more than $4 billion in assets. In the past two months, the Helmsley trust has made grants in excess of $9 million, more than Trump’s foundation has given, in total, since 1990. Shortly after announcing his donation gambit via Facebook and Twitter, Trump announced that response to his crass PR stunt “has been fantastic--- actually overwhelming!” Which will come as a relief to those AIDS patients and “inner city children in Chicago.”
11 replies, 2270 views
Donald Trump Is The Country’s LEAST Charitable Billionaire (Original post)
|amuse bouche||Oct 2012||#8|
Response to doc03 (Reply #1)
Wed Oct 24, 2012, 11:58 PM
BlueStreak (8,377 posts)
6. He's no billionaire. He has a lot of mortgages. And if he isn't in the hole, he can only thank
President Obama for that, because he was surely underwater by the end of the Bush term.
Response to doc03 (Reply #1)
Wed Oct 24, 2012, 11:59 PM
crunch60 (1,412 posts)
7. He is not that rich, but sells the Trump name to the highest bidder. His mogul days are long over.
Great article about the state of the Donald's bankruptcy affairs. He is a Big Bloviator !
Response to crunch60 (Reply #7)
Thu Oct 25, 2012, 01:39 AM
TreasonousBastard (28,270 posts)
9. And that article doesn't even scratch the surface...
abut how he lost his ass in the Resorts deal, was made a fool of in the NBC "move" and how after one of his bankruptcies they took everything but 5% away from him and hired a retired fortune 500 controller to handle his checkbook.
Might wanna ask what happened to the boat, Trump Air, Trump Plaza...
At one point, when he actually owned properties, the only one making money was the hotel straddling Grand Central Station (damn! can't remember the name of it) but that was because he only owned 49% of it and the other owners made sure it ran properly.
When he divorced Ivana, the NY Observer publicly suggested she quickly cash the settlement check while there was still money in the account. Donald tried to sue them, but then the truth about his finances came out.
It goes on, but he lives the rich lifestyle and I suspect he's deranged and actually believes the bullshit he spews.
Response to Segami (Original post)
Wed Oct 24, 2012, 11:50 PM
Coyotl (15,262 posts)
2. 5 million people will give $1 to charity if Romney releases tax returns