Trump Foundation Barred from Raising Money in the State of New York

Posted on October 08, 2016

On September 30, 2016, New York Attorney General Eric T. Schneiderman issued a Notice of Violation to the Donald J. Trump Foundation barring Trump’s foundation from raising money in New York State because it has not registered to solicit contributions.

Under state law, charities raising money in New York must register with the state’s charity bureau, provide annual financial reports and audited financial statements. The notice allows the foundation to provide the information required under state law along with delinquent financial reports within 15 days from the date of the notice.

In addition to not filing the reports as required under law, recent news reports raise the possibility that Trump improperly or illegally used the funds raised by his foundation to benefit himself. By not providing financial reports or audited financial statements, his improper use of the foundation’s money, if true, may have been caught earlier.

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