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Trump Organization donates $191,538 to U.S. to offset income earned

Its profit from foreign governments rose 26% last year

By Shahien Nasiripour, Bloomberg News
Published: February 25, 2019, 8:43pm

NEW YORK — The Trump Organization’s profit from foreign governments rose 26 percent last year, the company said Monday.

Spending by foreign dignitaries, embassies and other government representatives produced $191,538 in net income for President Donald Trump’s family business, according to Eric Trump, his son and company executive vice president. The Trump Organization donated an equivalent amount to the U.S. Treasury on Feb. 22 by writing a check signed by Eric Trump and his older brother, Donald Trump Jr.

It’s the second consecutive year the company has donated its profit from foreign governments to the Treasury, part of a bid to counter criticism that Trump may be violating the U.S. Constitution’s emoluments clauses by accepting payments from foreign governments. Last year, the Trump Organization donated $151,470 to the Treasury to offset profits from 2017.

“This voluntary donation fulfills our pledge to donate profits from foreign government patronage at our hotels and similar businesses during our father’s term in office,” Eric Trump said Monday in a statement.

The president placed his business holdings in a revocable trust that allows him to continue to profit from his company’s activities. His sons Eric and Donald Jr. run the Trump Organization. Democrats and watchdog groups have repeatedly criticized Trump for maintaining his business while in public office.

Not all of the Trump Organization’s ventures have thrived during Donald Trump’s divisive presidency. The company announced this month that it was abandoning plans to start two new domestic hotel chains, blaming controversy over the president. “We live in a climate where everything will be used against us, whether by the fake news or by Democrats who are only interested in Presidential harassment and wasting everyone’s time,” Eric Trump said in a statement at the time.

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