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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Leadership

Trump Foundation Says It Mistook Political Group for Non-Profit in Major Donation

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Laura Lorenzetti
Laura Lorenzetti
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By
Laura Lorenzetti
Laura Lorenzetti
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March 23, 2016, 2:04 PM ET
Donald Trump Holds News Conference In Jupiter, Florida
Photograph by Joe Raedle—Getty Images
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Donald Trump’s namesake foundation ended up donating $25,000 to a political group, which his campaign spokesperson said was a mistake.

The Donald J. Trump Foundation mistook a Florida political action committee run by attorney general Pam Bondi, called And Justice For All, for a separate non-profit by the same name, according to the campaign.

The 2013 donation went undisclosed but was uncovered by the Citizens for Responsibility and Ethics in Washington, reported Bloomberg. The group reported the discrepancy, which goes against tax laws that bar charitable organizations from donating money to political causes, to the Internal Revenue Service.

The Trump campaign told Bloomberg that the foundation is working with the IRS on the issue, which apparently arose from multiple organizations using the name “And Justice For All.” The foundation intended the donation to go to a Salt Lake City, Utah group, though its accounting firm thought it went to a separate group using the same name in Wichita, Kansas even though it went to the Florida-based PAC using the name.

Pam Bondi has endorsed Donald Trump’s bid for president.

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