Trump profited from kids cancer charity, report says

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A new report from Forbes reveals how the Eric Trump Foundation, a children's cancer charity benefitting St. Jude's Pediatric Hospital, was used to funnel charity money from the Donald J. Trump Foundation into President Trump's businesses.

According to a new report by Forbes, the Trump family - specifically Eric Trump - funneled money to his companies that had been donated by people under the belief it was going to St. Jude's Children Research Hospital. Four such groups held their own charity tournaments at Trump golf courses at later dates.

According to Forbes, an event that many signed on to sponsor and donate to under the impression that nearly all of their money would go straight to the hospital instead began earmarking more and more expenses that needed to be paid to put on the tournament. "We get to use our assets 100% free of charge", the president's son told Forbes. More than $500,000 was given by the Eric Trump Foundation to other charities, "many of which were connected to Trump family members or interests", according to Forbes. Golf charity experts told the outlet that the listed expenses "defy any reasonable cost justification for a one-day golf tournament".

Eric Trump said he will remove his name from the charity to prevent conflicts of interest.

Trump then essentially laundered money through the tournament by having his foundation donate to his son, in order to cover the event fees that the Trump Organization was now being paid.

The Trump Foundation has previously advertised its philanthropic events as "free", assuring donors that every dollar went straight to the charity.

The tax filings also show that the Eric Trump Foundation made a 2014 payment of $87,665 to another Trump property, the Trump National Golf Club in Washington, DC for fundraising events.

"Mr. Trump had a cow", Forbes quoted Gillule as saying.

'We paid third party cost and expenses and related items we could not get donated. "He said, 'I don't care if it's my son or not-everybody gets billed, '" Gillule said to Forbes.

Two things can be true at once: The Trumps can do good charitable work and put money in their own pockets.

Trump Foundation - already under the spotlight for questionable philanthropic efforts - reportedly directed $100,000 in donations to the Trump Organization through Eric Trump's foundation as revenue.

Soon after the new board took over, large sums of money meant for St. Jude's were rerouted to other charities run by associates of Trump. The Trump Organization was granted a 60-year lease to the historic building by the federal government before the billionaire NY real estate mogul announced his intent to run for president.

Remember when Hillary Clinton called Trump supporters "deplorables", and they all claimed to have such hurt feelings, put the term on t-shirts, and said it was proof that Hillary hated half the country?

In a statement sent to Fahrenthold late Tuesday, Eric Trump said the Trump Organization did not "profit" from the golf fundraiser.