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In a lawsuit filed on Thursday, New York Attorney General Barbara Underwood said the charitable foundation of President Donald Trump served as a personal piggy bank for his businesses, his bills and his presidential campaign . (June 14)
AP
Donald Trump has to sell a Denver Broncos signed Tim Tebow helmet. (Photo: Jack Dempsey, AP)
President Donald Trump separates from Tim Tebow – or at least an autographed football helmet.
In an agreement with New York State Attorney General, Barbara Underwood, Trump agreed to the creation of financial assets – about $ 1.8 million at the end of 2017, according to the tax forms – to other non-profit organizations. The foundation will also have to sell the remaining assets and return the proceeds.
The foundation has three items: two large portraits of Trump and the Tebow football helmet. Trump bought the autographed headphones at an auction held in 2012 for $ 12,000 and caused a sensation by evoking columns of gossip. (19659018) More: The Donald J. Trump Foundation agrees to dissolve dealing with the Attorney General of New York
But the Washington Post revealed in a 2016 article that Trump n & # He had not paid for the helmet with his own money, instead he used the money from his foundation, which was mainly supported by the charitable donations of other people.
In all , the Trump Foundation has spent a total of $ 42,000 for a helmet and two portraits.It now rates the three items at $ 975 combined, according to a recent ranking by the Internal Revenue Service.
In l 39; In this case, Tebow played his last NFL game in the 2012 season with the New York Jets after being traded after two seasons with the Broncos, and he now plays minor baseball for the Binghamton Rumble Ponies. AA affiliate of the New York Mets in the Eastern League.
It is fair to say that Tebow's helmet is not the only thing that has lost its value.
Follow Ellen Horrow of the United States for Sport Today on Twitter @EllenJHorrow .
