president trump s son eric is one of the leaders of the trump organization. the family business. and he also has run a yearly charity golf tournament through the non-profit eric trump foundation. and that golf tournament is at the trump national golf club in west chester county new york and it s to benefit children s cancer research. now the tournament has laudably raised millions for the cause thanks to eric trump s claim that nearly all the money contributed goes directly to st. jude s children s research hospital and that is possible, he long maintained because there s virtually no overhead. entertainment and drinks were donated, as was crucially the use of the golf club itself which happens to be owned by eric s father, the president of the united states. at least that was eric trump s story.
johnson. let me start with you, as an expert on tax law. i imagine there s possibly an explanation for this that could be provided by the foundation, but on its face, this looks to violate the law? yes. this is what s known as self-dealing. good as it is that the eric trump foundation provided this money to st. jude, they would have gotten about 15% more, but for the money that went to the trump organization and we don t know if it went beyond there. and it went to other charities that seem to have business ties and help develop business for the trump organization. and i m floored that one year the costs were over $300,000. i have been involved as a trustee of a charity, and board member of a charity with a number of entities where i ve had to oversee or examine the finances, and i just can t understand how you can spend $300,000 on the costs of a golf
which by his account has raised over $15 million for st. jude s children s research hospital, which is of course by all accounts a wonderful place where they do such important work n. that clip we just heard eric trump tng the organization s unprecedented efficiency predicated in part upon his ability to leverage trump organization assets quote 100% free of charge. then comes this. according to a new article in forbes magazine the eric trump foundation raises most of that money through the eric trump golf tournament held at westchester national golf course. and forbes according to irs filings said for the first four years of the tournament costs were around $50,000. in line with what others came in. in 2012, the costs came in at $59,000. 2013, the cost start to balloon to $230,000.
that he just has to explain why there s apparently like a million two that is unexplained that they think now went to the trump organization. and if it is, they re allowed to do that, but again, if your husband and everybody else who ponied up big bucks to go and get the cigars and the full treatment thinks that it s all but again, steve, one of the unknowable things about all charity events is what percentage of the money raised actually ends up in the hands of the charity. and because this had the trump name on it and was played at the trump golf course, many people assumed this is a huge nut we re paying but so much is going st. jude s. in the article they mentioned that $100,000 donation went from the donald trump foundation to the eric trump foundation and that money then went to the trump organization. you know, in the article, they say this maneuver would appear to have more in common with a drug cartel s money laundering
and what would happen if we did that? we know what would happen. when they go low, we go high? after the kids. it s a different set of standards obviously. if they are so shaken by having a child going to kindergarten, it s going to be a rough life for some of these individuals, they re going to want to shelter their children but then again, colleges have safe spaces now. sean: coloring books. jessica, i never talked about melia obama and sasha obama. why are you going after a 10-year-old? a kid in kindergarten? i ve never done it, no one i fraternize with does it. going after 10-year-old is completely unacceptable, and boycotting a a great school is completely unacceptable. having a discussion about the eric trump foundation or ivanka and her clothing line, but these are adult children. ivanka tweeted today a picture sitting between her father and