Thus, the Eric Trump donors were still seeing their money go to work for kids along the same lines as previous years.
Trump Foundation donated $100,000 to the Eric Trump Foundation-a gift explicitly made, according to Gillule, to offset the increased budget. Shortly before the spike in costs, the Donald J. Meanwhile, Trump businesses billed the Trump campaign, fueled by small outside donors, more than $11 million to use his properties, chefs and private aircraft.Īt first the extra bills did not cost the Eric Trump Foundation anything. Trump Foundation famously acted like an arm of the overall business, using the charity's money to settle a Trump business lawsuit, make a political donation and even purchase expensive portraits of its namesake. "I would always say, 'I can't believe that his dad is billing him for a charitable outing.' But that's what they wanted." "I saw that Eric was getting billed," Gillule adds. But it seems that for the future president, who Forbes estimates is worth $3.5 billion, a freebie to help his son directly fight kids' cancer took a backseat to revenue. "The charity had grown so much that the Trump Organization couldn't absorb all of those costs anymore." The Trump Organization declined to answer detailed questions about the payments. "We did have to cover the expenses," she says. Katrina Kaupp, who served on the board of directors at the Eric Trump Foundation in 20, also remembers Donald Trump insisting the charity start paying its own way, despite Eric's public claims to the contrary. He said, 'I don't care if it's my son or not-everybody gets billed.' " He was like, 'We're donating all of this stuff, and there's no paper trail? No credit?' And he went nuts. Why would the price of the tournament suddenly triple in one year? "In the early years, they weren't being billed -the bills would just disappear," says Ian Gillule, who served as membership and marketing director at Trump National Westchester during two stints from 2006 to 2015 and witnessed how Donald Trump reacted to the tournament's economics. Costs for Eric Trump's tournament jumped from $46,000 to $142,000, according to the foundation's IRS filings. Not quite the zero-cost advantage that a donor might expect given who owned the club but at least in line with what other charities pay to host outings at Trump courses, according to a review of ten tax filings for other charitable organizations.īut in 2011, things took a turn. His original seven-person board was made up of personal friends, an innocuous lot who helped sell tournament tickets, which last year ranged from $3,000 for a single all-day ticket to $100,000 for a pair of VIP foursomes.įor the first four years of the golf tournament, from 2007 to 2010, the total expenses averaged about $50,000, according to the tax filings. The Eric Trump Foundation employed no staff until 2015, and its annual expense ratio averaged 13%, about half of what most charities pay in overhead.
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A compelling sales pitch evolved-the free golf course and the donated goods and services assured donors that every penny possible went to charity. In 2007, when he was 23, the first Eric Trump golf tournament took place, raising $220,000. Jude, the world's best-known pediatric cancer center.Įric Trump set up his foundation as a public charity, a classification that allows it to raise most of its money from outside donors.
"I think there is something about that innocence that has always affected me." After visiting various hospitals, he chose to give to strength, St.
Why this cause, especially for a guy who still doesn't have kids? "It's a great question-it's one that I've been asked before-and I'm not really sure," he says.
Coming out of Georgetown, he decided he would try to translate the good fortune he had inherited into support for children's cancer research. Outsiders still donated, though, allowing Trump to dole out their money to a smattering of more than 200 charities as if it were his own, with many of the donations helping his business interests.Įric Trump set out to do things differently. The president was never known for giving his foundation much money, and from 2009 to 2014, he didn't give it anything at all. IN ORDER TO understand the Eric Trump Foundation, you need to understand the Donald J. The Eric Trump Foundation golf outing brought in millions for St.
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