411mania.com: Wrestling - Information of WWE's Millions in Donations to Donald Trump's Foundation

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411mania » Wrestling » News

Information of WWE's Millions in Donations to Donald Trump's Foundation
Posted by Larry Csonka on 02.09.2012

$5 million in donations…

- Nonprofitquarterly.org has a report up on the WWE's donations to Donald Trump's foundation, which were done in exchange for Trump participating on WWE angles on TV. Here is what they wrote…

"The $5 million in donations from WWE to the Trump Foundation is by far its largest source of income and rumored to be a tax-avoiding payment from McMahon to Trump for Trump's involvement in a 2006 WrestleMania event... We looked at a couple of the previous year's 990PFs for the Donald J. Trump Foundation just to check the pattern spotted by the Smoking Gun. In 2009, the largest donation by far was $1 million from WWE."

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Comments (7)

So Jay-Z is bad for only giving a few thousand to charity and Vince is bad for giving millions to charity? The news media needs to clearly define the range of charitable donations that won't draw negative reaction.

Posted By: Mr. Me (Guest) on February 09, 2012 at 03:34 PM

And here come the Feds!
Rats... Sinking....

Posted By: Guest#7703 (Guest) on February 09, 2012 at 04:08 PM

Too bad no money went to fix his hair.

Posted By: chucky (Guest) on February 09, 2012 at 04:47 PM

Mr. Me, they're not accusing McMahon of giving too little, they're accusing Trump of using his charitable outlets to bring in income for himself tax-free.

Posted By: Guest#3558 (Guest) on February 09, 2012 at 04:55 PM

Most of the celebs that appeared had their fees paid to a charity. It's hardly a way to avoid a taxable payment.

Posted By: Guest#7125 (Guest) on February 09, 2012 at 06:45 PM

That theres some damn near libel. But it shure aint tax avoidance.

Posted By: Guest#6685 (Guest) on February 09, 2012 at 09:07 PM

In a related story, records indicate TNA donated $5000 to Lee Iacocca

Posted By: Guest#5183 (Guest) on February 10, 2012 at 01:53 AM