Trump pays $2M to 8 charities as fine for foundation abuse
NEW YORK — President Donald Trump is paying up after conceding that he used his charitable foundation at times as a personal piggy bank.
Trump has wired $2 million to pay a courtordered fine for misusing the Trump Foundation in part to further his business interests and 2016 presidential run, New York Attorney General Letitia James said Tuesday.
James’ office had sought to block Trump from writing off the fine payment as a charitable donation on his taxes, but Scarpulla hasn’t ruled on that request.
Trump sent the money in the past few weeks, but that development didn’t become public until the sides formally agreed Tuesday to close the case.
Trump’s fine and the charity’s funds will be split evenly among eight organizations. Each charity is getting about $476,000.