David Fahrenthold
Journalist American 1978–present
58 quotes in the archive
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A lot of other wealthy people feel the responsibility to take some of the wealth they've been given and give back: to give a lot of money to a particular cancer charity or to a group researching some particular disease or their alma mater. We haven't really found anything like that with Trump.
David Fahrenthold
The Trump people make it extremely hard to figure out what's going on with their businesses, so we've done things like try to figure out all the people, the charities who rented out ballrooms and hotel rooms, all the NBA teams that stay at his hotels, people that pay him a lot of money and have other choices.
David Fahrenthold
Once money goes into a charity, it is tax exempt, so that's a benefit you get. And in return, you have to use the assets of the charity to serve the public good. So if Trump is using this money basically to save his businesses, the money isn't helping people. That's a violation of the letter and the spirit of law.
David Fahrenthold
The expectation with family foundations is that if your name is on the foundation, unless you're dead, it's your money that's being given away. And even if you are dead, it was your money before.
David Fahrenthold
There are two main organizations that rate charities. They look at their finances and decide whether they are giving enough to the causes they claim to focus on. Something like 80 or 90% of their money actually goes to a charitable purpose.
David Fahrenthold
If you're the president of a charity, you can't take the money out of the charity and use it to buy things for yourself. And you can't take the money out of the charity and use it to buy things for your business.
David Fahrenthold
The Trump campaign generally does not respond at all to my requests for information - either requests for broader data on Trump's charitable giving or narrow requests for information about specific subjects, like the $20,000 portrait of himself that Trump seems to have purchased with money from his charity.
David Fahrenthold
If I'm owed money, but I say, 'Don't pay me, pay my cousin. Don't pay me, pay my charity,' you can do that, but then the IRS requires that you pay income tax on that. It's your income if you earned it and you directed where it went. If you exercised control over where the money went, you have to pay income tax on that.
David Fahrenthold
The U.S. government has a problem with dead people. For one thing, it pays them way too much money.
David Fahrenthold
You need a lot of money to become president.
David Fahrenthold
IRS rules generally prohibit acts of 'self-dealing,' in which a charity's leaders use the nonprofit group's money to buy things for themselves.
David Fahrenthold
For years, Trump himself was the Trump Foundation's only source of money: Between 1987 and 2006, he donated $5.4 million.
David Fahrenthold