Bloomberg: Trump Keeps History at Bay by Putting Off Presidential Library

Bloomberg: Trump Keeps History at Bay by Putting Off Presidential Library

He told supporters before he left office in January that he wanted to raise $2 billion for a presidential library, according to the Washington Post, which would be the most ever. The most likely vehicle would be a nonprofit charity, the model used by modern presidents, because donations are tax deductible and the entity doesn’t have to pay tax on the money it raises, said Paul Seamus Ryan of the government-accountability group Common Cause. He could legally accept money in unlimited amounts from sources including foreign countries, and disclosure of the donors’ identities isn’t required except by registered lobbyists who give $200 or more.  Yet such a charity requires that expenditures are used for the public good and not for private benefit of individuals, Ryan said, and Trump has faced questions before about his use of charity funds.

Donald Trump is spending his first months as an ex-president trying to ensure that he’s remembered the way he wants — but he’s holding off on plans to establish a library that would enshrine his version of his presidency.

Refusing to cede the limelight, the former president has issued almost daily statements, set up a website and turned up at multiple events at his Mar-a-Lago resort, including a wedding where he complained about the 2020 election results and President Joe Biden’s moves so far.

But planning for a library would suggest he’s done being president and that’s not something he’s ready to concede, say people familiar with his thinking. Trump has publicly dangled the possibility that he will seek the Republican nomination in 2024. …

He told supporters before he left office in January that he wanted to raise $2 billion for a presidential library, according to the Washington Post, which would be the most ever. The most likely vehicle would be a nonprofit charity, the model used by modern presidents, because donations are tax deductible and the entity doesn’t have to pay tax on the money it raises, said Paul Seamus Ryan of the government-accountability group Common Cause.

He could legally accept money in unlimited amounts from sources including foreign countries, and disclosure of the donors’ identities isn’t required except by registered lobbyists who give $200 or more.

Yet such a charity requires that expenditures are used for the public good and not for private benefit of individuals, Ryan said, and Trump has faced questions before about his use of charity funds.

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