The U.S. Treasury was awarded with a check for a $151,470 last month by the Trump Organization, according to an executive at the company.
Executive George Sorial reported that the donation was a achievement of the company’s pledge to give away the profits from “foreign government patronage” at its hotels during President Donald Trump’s time in office, according to The Hill.
“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,” Sorial said in a statement.
The U.S. Treasury has accepted receipt of the check, according to Fox Business.
The profits are consisted of money from high level foreign leaders who did business with the Mar-a-Lago club in Palm Beach, Florida, or the Trump International Hotel in Washington, D.C.
According to Fox Business, lot of lawsuits against Trump has been issued concerning his business connections and the potential conflict of interest those pose to his position as president.
“Several lawsuits have challenged Trump’s ties to his business ventures and his refusal to divest from them,” Fox Business reported.
“The suits allege that foreign governments’ use of Trump’s hotels and other properties violates the emoluments clause.”
Soon before his presidential inauguration, Trump declared that he was giving control of the Trump Organization to his sons, Don Jr. and Eric Trump, with aim to stay away from any conflicts of interests with foreign governments, Independent explained.
This donation to the U.S. Treasury surely be an additional step to fulfill that promise.
“Our donation to the Treasury was voluntary and one that I am very proud of,” Eric Trump told the Daily Mail.
“Although we are not legally obligated to do this, we have pledged to account for all profits from foreign government business at our hotels and clubs and have donated that money back to the United States of America.”
While the Trump Organization is putting money back into the U.S. government, others have done the opposite.
According to a 2016 Politico report , former President Bill Clinton used “a decades-old federal government program, originally formed to keep former presidents out of the poorhouse, to subsidize his family’s foundation and an associated business, and to support his wife’s private email server.”
According to the Politico report, Clinton used the Former President’s Act to draw out more cash than any other president in history.