Best quotes by David Fahrenthold on Money

Checkout quotes by David Fahrenthold on Money

• ‟ A lot of other wealthy people feel the responsibility to take some of the wealth they've been given and give back: to give a lot of money to a particular cancer charity or to a group researching some particular disease or their alma mater. We haven't really found anything like that with Trump.

  - David Fahrenthold
  

• ‟ For years, Trump himself was the Trump Foundation's only source of money: Between 1987 and 2006, he donated $5.4 million.

  - David Fahrenthold
  

• ‟ Donald Trump was in a tuxedo, standing next to his award: a statue of a palm tree, as tall as a toddler. It was 2010, and Trump was being honored by a charity - the Palm Beach Police Foundation - for his 'selfless support' of its cause. His support did not include any of his own money.

  - David Fahrenthold
  

• ‟ IRS rules generally prohibit acts of 'self-dealing,' in which a charity's leaders use the nonprofit group's money to buy things for themselves.

  - David Fahrenthold
  

• ‟ The Trump people make it extremely hard to figure out what's going on with their businesses, so we've done things like try to figure out all the people, the charities who rented out ballrooms and hotel rooms, all the NBA teams that stay at his hotels, people that pay him a lot of money and have other choices.

  - David Fahrenthold
  

• ‟ Once money goes into a charity, it is tax exempt, so that's a benefit you get. And in return, you have to use the assets of the charity to serve the public good. So if Trump is using this money basically to save his businesses, the money isn't helping people. That's a violation of the letter and the spirit of law.

  - David Fahrenthold
  

• ‟ The expectation with family foundations is that if your name is on the foundation, unless you're dead, it's your money that's being given away. And even if you are dead, it was your money before.

  - David Fahrenthold
  

• ‟ There are two main organizations that rate charities. They look at their finances and decide whether they are giving enough to the causes they claim to focus on. Something like 80 or 90% of their money actually goes to a charitable purpose.

  - David Fahrenthold
  

• ‟ You need a lot of money to become president.

  - David Fahrenthold