NY Attorney General: Trump Foundation Must Stop Fundraising Now
The head of the New York Attorney General’s charities bureau, James Sheehan, called on Trump to stop raising money for the Trump Foundation effective immediately.
The Hill reports:
The notice follows a story that The Washington Post published last week that showed the foundation had been soliciting donations without being properly registered in New York state.
The Trump campaign released a statement on Monday following the attorney general’s announcement that questioned the “political motives” behind the investigation into the foundation.
“While we remain very concerned about the political motives behind AG [Eric] Schneiderman’s investigation, the Trump Foundation nevertheless intends to cooperate fully with the investigation,” Hope Hicks, the campaign’s spokeswoman, said in a statement.
The Trump Foundation never registered under article 7A of New York’s Executive Law, according to the Post, as is required for any charity asking for more than $25,000 per year from the public.
That means Trump’s foundation has avoided any of the outside audits New York law requires of larger charities.
“The Trump Foundation must immediately cease soliciting contributions or engaging in any other fundraising activities in New York,” Sheehan wrote to the Trump Foundation.
Schneiderman ordered the foundation supply the state all the legal paperwork required of charities that solicit money from the public within 15 days, according to the Post.
The foundation must also provide all financial audit reports it should have provided in previous years.
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