Trump Foundation ordered to stop fundraising by N.Y. attorney general’s office

[csziggy]

18. Why the Trump foundation may not have corrected their certification

From another post of mine (http://www.democraticunderground.com/?com=view_post&forum=1251&pid=2464022):

It's interesting - the foundation filed paperwork with the office for many years (https://www.charitiesnys.com/RegistrySearch/show_details.jsp?id={412967CE-87D6-4FAF-A0E2-58CF382F8F53}). Looking at the 2014 form only EPTL was selected:

EPTL
EPTL registrants are registered under the New York Estates, Powers and Trusts Law, which governs charitable activity in New York State.
Examples of EPTL registrants include but are not limited to New York-based charitable organizations, out-of-state charities that conduct business or maintain assets in New York, and New York trusts and estates that have a present charitable interest.
https://www.charitiesnys.com/RegistrySearch/glossary.jsp?anchor=EPTL#EPTL

There is an option to select 7A or "dual - both 7A and EPTL.

7A
7A Article 7-A registrants are registered under Article 7-A of the New York Executive Law, which governs the solicitation of contributions (including grants) from New York State sources (including without limitation residents, foundations, corporations and government agencies).

Examples of Article 7-A registrants include but are not limited to fund raising professionals (professional fund raisers, fund raising counsel and professional solicitors) and New York-based or out-of-state charitable organizations, social welfare organizations, fraternal organizations, unions, business leagues, social clubs or other nonprofits that solicit contributions from New York State sources beyond their own membership.https://www.charitiesnys.com/RegistrySearch/glossary.jsp#glossarypage

If they had selected dual there would be no problem. It seems the Trump Foundation was intended to be a family foundation - one that a family contributes to and then distributes money to other charities.

On the 2014 form there is this interesting section:

If you are a 7A only or DUAL filer, submit the applicable independent Certified Public Accountant's Review or Audit Report:
Review Report if you received total revenue and support greater than $250,000 and up to $500,000.
Audit Report if you received total revenue and support greater than $500,000
No Review Report or Audit Report is required because total revenue and support is less than $250,000

And:

Is my organization a 7A, EPTL or DUAL filer?
7A filers are registered to solicit contributions in New York
under Article 7-A of the Executive Law (7A')
- EPTL filers are registered under the Estates, Powers & Trusts
Law (EPTL) because they hold assets and/or conduct
activities for charitable purposes in NY.
- DUAL filers are registered under both 7A and EPTL

So if the Trump Foundation filed as DUAL they would have had to submit either a Review Report or an Audit Report - which may be public documents and could be revealed. We KNOW Trump wants to keep all his financial shenanigans hidden so this may be why his people never corrected the filings once Donald started soliciting money from the public.