Political News

Trump Organization says it donated $151,470 to US Treasury

Posted March 9, 2018 1:57 p.m. EST

— The Trump Organization says it donated more than $150,000 to the US Treasury, representing the profits it made at its hotels and similar properties from foreign governments over the past year.

President Donald Trump's various business interests have raised concerns among ethics watchdogs. The Trump Organization's announcement last month that it had delivered on a pledge to donate foreign government profits from its hotels to the US Treasury had raised questions due to its lack of immediate detail.

On Friday, the company said the voluntary donation totaled $151,470, according to a statement from George Sorial, the executive vice president and chief compliance counsel for the Trump Organization.

"This annual donation represents profits from foreign government patronage for the period beginning January 20, 2017 through December 31, 2017 and was calculated in accordance with our policy and the Uniform System of Accounts for the Lodging Industry," Sorial said in the statement. "Although not a legal requirement, this voluntary donation fulfills our pledge to donate profits from foreign government patronage at our hotels and similar business during President Trump's term in office."

Details about which countries the profits came from remain unclear.