Putting Trump’s $1 million for veterans in context
The donation Donald Trump made to veterans’ charities is small compared with those of some fellow billionaires. Then again, veterans charities don’t appear to be a big cause for billionaires.
At a fiery news conference on Tuesday, Trump said he had made good on a January promise to raise millions of dollars for veterans groups. He produced a photocopy of a check to show that he had personally given $1 million and said he had helped raise $4.6 million more. “Instead of being like, ‘Thank you very much, Mr. Trump’ or ‘Trump did a good job,’ everyone’s saying, ‘Who got it, who got it, who got it?’” Trump said.
Though his personal check, dated May 24, was not drafted until after The Washington Post made inquiries, the donation is likely to be welcome to an area of charity that has not gotten much attention from the superwealthy. Stacy Palmer, the editor of The Chronicle of Philanthropy, said she could not find many sizable donations to veterans charities. “Veteran groups are not a cause that has commanded a lot of donations from very rich people,” she said.
But within his cohort of billionaires who have contributed, Trump does not appear to be giving that much.
In April, for instance, Steven A. Cohen pledged $275 million to set up and run mental health clinics for veterans and their families. Cohen, whose hedge fund closed after admitting to insider trading violations but who still invests his own money, is also donating $30 million to fund research into brain disorders suffered by veterans. “Two hundred and seventy-five million is a lot for any charity,” Palmer said.
According to Forbes magazine, Cohen’s fortune totals $12.7 billion, far more than the $4.5 billion that Forbes estimates for Trump. But Howard Schultz, the chief executive of Starbucks, whose wealth Forbes estimates at $2.9 billion, also appears to be significantly outgiving Trump when it comes to veterans. In 2014, Schultz announced that he was donating $30 million to fund special job-training programs for veterans and other types of assistance. Also in 2014, Conrad Prebys, a real estate developer, pledged $20 million to San Diego State University in a gift focused on scholarships for veterans.
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It is possible that Trump has given a lot more to veterans and hasn’t disclosed those donations. He has said that he has given over $100 million to charity in the past five years. But The Washington Post reported in April that a list detailing Trump’s giving over that period did not contain any personal gifts with his own money. (A spokesman for Trump told The Post that the list did not include all of Trump’s gifts.) Trump’s spokeswoman did not respond to a request for comment on Wednesday.
As it stands, then, Trump’s $1 million gift to veterans not only came later than some expected, but it is also small for the plutocrat class.
© 2016 The New York Times Company
4 responses to “Putting Trump’s $1 million for veterans in context”
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Trump, like many of his other endeavors, overstates and over hypes his successes. Fact in point, he had told reporters as early as January this year, the money had already been distributed. It s more than curious, when confronted by news outlets that no entity had received any money, monies were drawn from his PERSONAL account, e.g. there were NO monies in the non-profit. Fact in point, for all his self-proclaimed wealth, he is the most stingiest and less charitable candidate in many decades. Conversely, he affords himself full leverage and benefit of our federal bankruptcy laws saving himself hundreds of millions of dollars–the four bankruptcies were for an amount of over 4.5 billion dollars and were all in 24 year span…..which is a exorbitant number for any industry.
We all know that Trump is just a showman trying to con America, and Trump himself probably knows that we know that but he doesn’t give a rip. He’s just trying to see how far his charade can go before running out of gas, and so far it has only picked up steam more than anything else. This will be the greatest con job in the history of the planet, and why not have the greatest con man pull that one off probably motivated from some 1 dollar bet he made with his old pal Bill Clinton earlier last year before he threw his hat into the race.
trump is a failure at all levels.
Peter, that article was basically about nothing; are you
running out of something interesting with some value to
write about? Of course this newspaper is nothing to shout
about either.