Mysterious Firm Raises Millions for Trump Campaign Amid Nonprofits Funneling 90% of $33 Million
A mysterious fundraising firm associated with former President Donald Trump's campaign has raised millions of dollars. ProPublica has identified a network of at least 10 political nonprofits, such as the American Breast Cancer Coalition and the National Coalition for Disabled Veterans, that appear to funnel over 90% of donations to fundraisers. These organizations have collectively raised more than $33 million, promising to support various causes but spending little on activities with a political purpose. Some of these nonprofits exploit an IRS loophole, raising funds from vulnerable individuals and enriching themselves. In one instance, a fundraiser connected to these nonprofits has been barred from charitable fundraising by the FTC. One case involves a company run by a family member.
Sources
Jesse EisingerNEW: @emsimani digs into a special IRS loophole "Political groups" raise millions of $$$ (some from old & frail people who answer their phone) And spend most of it on a network of other "political" orgs they control Ultimately enriching... themselves: https://t.co/acruk9R3Eh https://t.co/xVCxMGAoAI
ProPublica
ProPublica has identified a network of at least 10 political nonprofits that have raised more than $33M on the promise of supporting admirable causes, but that have spent little on activities that could be construed as having a political purpose. https://t.co/h6bNFSihai
Ken SchwenckeNew story from @emsimani on a network of political nonprofits who spend more than 90% of their money on fundraising -- in one case, to a company run by a family member. In another, the fundraiser has been barred from charitable fundraising by the FTC. This is one of the donors https://t.co/7EsiHlQk0j
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