Trump Org says it donated foreign profits to Treasury

2018-02-27 07:00
US President Donald Trump. (Evan Vucci, AP, File)

US President Donald Trump. (Evan Vucci, AP, File)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Washington — A Trump Organisation executive says the company has donated profits from foreign government patrons at its hotel properties to the US Treasury, but won't say how much.

Executive Vice President and Chief Compliance Counsel George Sorial says in a statement that the donation was made on February 22 and includes profits from January 20 through Decemer 31, 2017. The company declined to provide a sum or breakdown.

The US Treasury did not immediately respond to requests for comment.

Sorial says the company has made good on an ethics pledge to donate foreign government profits during Donald Trump's presidency.

The watchdog group Public Citizen has questioned the spirit of the pledge because the methodology used would not require any donation from unprofitable properties receiving foreign government revenue.

KEEP UPDATED on the latest news by subscribing to our FREE newsletter.

- FOLLOW News24 on Twitter

Read more on:    donald trump  |  us

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.