Court found Trump breached his Foundation duties and ordered $2 million
A New York court found that Trump breached his fiduciary duty and that waste occurred when the 2016 fundraiser and grant distribution were used to advance his presidential campaign; it ordered him to pay $2 million in damages.
Entities and roles
- The Donald J. Trump Foundationcharitable foundation
- Donald J. Trumpfiduciary found in breach
Claims and evidence
- factfound-liable
The New York court found that Donald Trump breached his fiduciary duty to the Foundation and that waste occurred by allowing his campaign to orchestrate the 2016 fundraiser and direct the distribution of its proceeds to advance his political campaign.
- New York State Law Reporting Bureau: Matter of People v Trump, 2019 NY Slip Op 29336Damages analysis and conclusion
- factfound-liable
The court ordered Donald Trump to pay $2 million in damages, which the New York Attorney General later reported had been paid and distributed to eight charities.
- New York State Law Reporting Bureau: Matter of People v Trump, 2019 NY Slip Op 29336Damages analysis and decretal paragraphs
- Office of the New York Attorney General: Donald J. Trump Pays Court-Ordered $2 Million For Illegally Using Trump Foundation FundsPayment and eight-charity distribution announcement
Measurements
Court-ordered damages$2,000,000 USD - Basis
- Observed
- Population
- Damages ordered against Donald Trump in the Foundation dissolution proceeding.
- Period
- 2019-11-07 to 2019-11-07
- Method
- Direct nominal amount from the court's order; no interest or separate reimbursements added.
- Uncertainty
- No estimate; amount is the nominal court-ordered payment.