Trump Foundation lacks the certification required for charities that solicit money
“The most important consequence of not registering under the more rigorous “7A” level was that the Trump Foundation was not required by the state to submit to an annual audit by outside accountants. In such an audit, charity-law experts said, the accountants might have checked the Trump Foundation’s books — comparing its records with its outgoing checks, and asking whether the foundation had engaged in any transactions that benefited Trump or his businesses.”
The foundation — sustained for years by donors outside the Trump family — never obtained the registration that New York requires to solicit money from the public, state officials said.
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