<!DOCTYPE html><html lang="en"><head><base href="/"><title>President Trump To Pledge $1 Million Of His $3.5 Billion Fortune For Hurricane Harvey Relief</title><meta charset="UTF-8"><meta http-equiv="X-UA-Compatible" content="IE=edge,chrome=1"><meta name="viewport" content="width=device-width,initial-scale=1,maximum-scale=1,user-scalable=no"><link rel="canonical" itemprop="url" href="https://www.forbes.com/sites/ashleaebeling/2017/08/31/president-trump-to-pledge-1-million-of-his-3-5-billion-fortune-for-hurricane-harvey-relief/"><script>!function(e){function n(r){if(t[r])return t[r].exports;var o=t[r]={i:r,l:!1,exports:{}};return e[r].call(o.exports,o,o.exports,n),o.l=!0,o.exports}var r=window.webpackJsonp;window.webpackJsonp=function(t,c,a){for(var i,u,f,s=0,d=[];s<t.length;s++)u=t[s],o[u]&&d.push(o[u][0]),o[u]=0;for(i in c)Object.prototype.hasOwnProperty.call(c,i)&&(e[i]=c[i]);for(r&&r(t,c,a);d.length;)d.shift()();if(a)for(s=0;s<a.length;s++)f=n(n.s=a[s]);return f};var 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<!----><h1 _ngcontent-c15="" class="fs-headline speakable-headline">President Trump To Pledge $1 Million Of His $3.5 Billion Fortune For Hurricane Harvey Relief</h1>

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<div _ngcontent-c20="" innerhtml="<p><em>Update: President Trump announced <a href=&quot;https://www.forbes.com/sites/ashleaebeling/2017/09/06/president-trump-picks-12-charities-for-hurricane-harvey-relief/#6b3ba8d713e9&quot; target=&quot;_self&quot;>12 charity picks</a> including the Salvation Army and the Red Cross to share the $1 million.</em></p>
<p>In response to a question on whether <a href=&quot;https://www.forbes.com/profile/donald-trump/&quot; target=&quot;_self&quot;>President Donald Trump</a> and his family are personally giving to Hurricane Harvey relief, at a White House briefing today, press secretary Sarah Huckabee Sanders said that President Trump “will pledge probably a million dollars of his own personal money to help the people of both Texas and Louisiana.” And she said he’d love suggestions from the press pool as to what charities to give to.</p>
<p>I’ll throw out a couple of suggestions: The American National Red Cross, chartered by Congress in 1905 to respond to domestic and international disasters. And the <a href=&quot;https://www.forbes.com/sites/ashleaebeling/2017/08/29/giving-stock-to-the-greater-houston-community-foundation-hurricane-harvey-relief-fund/#4ebd43625394&quot; target=&quot;_self&quot;>Greater Houston Community Foundation Hurricane Harvey Relief Fund</a>, established by Houston’s mayor Sylvester Turner.</p>
<div id=&quot;attachment_840663826&quot; class=&quot;wp-caption alignnone&quot;> 
 <div class=&quot;article-body-image&quot;> 
  <progressive-image class=&quot;progressive-placeholder&quot; src=&quot;https://thumbor.forbes.com/thumbor/960x0/smart/https%3A%2F%2Fblogs-images.forbes.com%2Fimageserve%2F840663826%2F960x0.jpg%3Ffit%3Dscale&quot; low-res-src=&quot;https://thumbor.forbes.com/thumbor/100x0/smart/https%3A%2F%2Fblogs-images.forbes.com%2Fimageserve%2F840663826%2F960x0.jpg%3Ffit%3Dscale&quot;></progressive-image> 
 </div> 
 <div article-image-caption=&quot;&quot;> 
  <div class=&quot;caption-container&quot; ng-class=&quot;caption_state&quot;> 
   <fbs-accordion current=&quot;0&quot;> 
    <p class=&quot;wp-caption-text&quot;>WASHINGTON, DC - AUGUST 29: U.S. President Donald Trump and first lady Melania Trump walk on the South Lawn after they returned to the White House August 29, 2017 in Washington, DC. President Trump has returned from Texas after observing the Hurricane Harvey relief efforts. (Photo by Alex Wong/Getty Images)</p> 
   </fbs-accordion> 
  </div> 
 </div> 
</div>
<p> 
 </p>
<p>Does the pledge mean he has to go through with the donation? That’s a matter of state law, but since he hasn’t named a recipient charity yet, and no charity has relied on his promise, technically he’s not on the hook. But count on the press to hold him to it. It was nearly four months after promising a $1 million personal donation to veterans’ causes at a fundraiser last January that he moved to fulfill that pledge with a gift to the Marine-Corps Law Enforcement Foundation after <a href=&quot;https://www.washingtonpost.com/news/post-politics/wp/2016/05/24/four-months-later-donald-trump-says-he-gave-1-million-to-veterans-group/?utm_term=.4ae2be7d032d&quot; target=&quot;_blank&quot;>digging by the Washington Post</a>.</p>
<p>It’s not unusual for big donors to pause before making big gifts, but with disaster relief there are immediate needs, and the players are well-known. Trump’s been called out for making mistakes in his charitable giving. His tiny namesake Trump Foundation ($1.1 million assets in 2015) admitted to <a href=&quot;https://www.forbes.com/sites/ashleaebeling/2016/11/22/trump-foundation-self-dealing-is-outlier-behavior/#2301c625a3b8&quot; target=&quot;_self&quot;>violating self-dealing rules</a>. And the bulk of the personal donations he and his companies made over the years were for <a href=&quot;https://www.forbes.com/sites/ashleaebeling/2016/06/15/trumps-golf-course-tax-shelter-likely-target-in-irs-audit/#4fbe663d34f9&quot; target=&quot;_self&quot;>conservation easements on his golf course properties</a>--charitable deductions whose value the Internal Revenue Service scrutinizes (we don't know whether his deductions are being questioned).</p>
<div class=&quot;vestpocket&quot; vest-pocket=&quot;&quot;></div>
<p>There’s no question much help is needed in response to Harvey. At the briefing, homeland security adviser Tom Bossert said that there are 100,000 affected homes, and everyone is still in response mode, with life-saving and life-sustaining measures at the forefront of the work being done. Governor Greg Abbott has suggested the recovery costs could exceed $100 billion (the federal Superstorm Sandy recovery package was $60 billion).</p>
<p>President Trump and First Lady Melania Trump are returning to Texas on Saturday. Maybe he’ll hand over a check then.</p>
<p>Here are the relevant excerpts from <a href=&quot;https://www.whitehouse.gov/the-press-office/2017/08/31/press-briefing-press-secretary-sarah-sanders-and-homeland-security&quot; target=&quot;_blank&quot;>the briefing</a> about the pledge.</p>"><p class="speakable-paragraph"><em>Update: President Trump announced <a href="https://www.forbes.com/sites/ashleaebeling/2017/09/06/president-trump-picks-12-charities-for-hurricane-harvey-relief/#6b3ba8d713e9" target="_self">12 charity picks</a> including the Salvation Army and the Red Cross to share the $1 million.</em></p>
<p>In response to a question on whether <a href="https://www.forbes.com/profile/donald-trump/" target="_self">President Donald Trump</a> and his family are personally giving to Hurricane Harvey relief, at a White House briefing today, press secretary Sarah Huckabee Sanders said that President Trump “will pledge probably a million dollars of his own personal money to help the people of both Texas and Louisiana.” And she said he’d love suggestions from the press pool as to what charities to give to.</p>
<p>I’ll throw out a couple of suggestions: The American National Red Cross, chartered by Congress in 1905 to respond to domestic and international disasters. And the <a href="https://www.forbes.com/sites/ashleaebeling/2017/08/29/giving-stock-to-the-greater-houston-community-foundation-hurricane-harvey-relief-fund/#4ebd43625394" target="_self">Greater Houston Community Foundation Hurricane Harvey Relief Fund</a>, established by Houston’s mayor Sylvester Turner.</p>
<div id="attachment_840663826" class="wp-caption alignnone"> 
 <div class="article-body-image"> 
  <progressive-image class="progressive-placeholder" src="https://thumbor.forbes.com/thumbor/960x0/smart/https%3A%2F%2Fblogs-images.forbes.com%2Fimageserve%2F840663826%2F960x0.jpg%3Ffit%3Dscale" low-res-src="https://thumbor.forbes.com/thumbor/100x0/smart/https%3A%2F%2Fblogs-images.forbes.com%2Fimageserve%2F840663826%2F960x0.jpg%3Ffit%3Dscale"></progressive-image> 
 </div> 
 <div article-image-caption=""> 
  <div class="caption-container" ng-class="caption_state"> 
   <fbs-accordion current="0"> 
    <p class="wp-caption-text">WASHINGTON, DC - AUGUST 29: U.S. President Donald Trump and first lady Melania Trump walk on the South Lawn after they returned to the White House August 29, 2017 in Washington, DC. President Trump has returned from Texas after observing the Hurricane Harvey relief efforts. (Photo by Alex Wong/Getty Images)</p> 
   </fbs-accordion> 
  </div> 
 </div> 
</div>
<p> 
 </p>
<p>Does the pledge mean he has to go through with the donation? That’s a matter of state law, but since he hasn’t named a recipient charity yet, and no charity has relied on his promise, technically he’s not on the hook. But count on the press to hold him to it. It was nearly four months after promising a $1 million personal donation to veterans’ causes at a fundraiser last January that he moved to fulfill that pledge with a gift to the Marine-Corps Law Enforcement Foundation after <a href="https://www.washingtonpost.com/news/post-politics/wp/2016/05/24/four-months-later-donald-trump-says-he-gave-1-million-to-veterans-group/?utm_term=.4ae2be7d032d" target="_blank">digging by the Washington Post</a>.</p>
<p>It’s not unusual for big donors to pause before making big gifts, but with disaster relief there are immediate needs, and the players are well-known. Trump’s been called out for making mistakes in his charitable giving. His tiny namesake Trump Foundation ($1.1 million assets in 2015) admitted to <a href="https://www.forbes.com/sites/ashleaebeling/2016/11/22/trump-foundation-self-dealing-is-outlier-behavior/#2301c625a3b8" target="_self">violating self-dealing rules</a>. And the bulk of the personal donations he and his companies made over the years were for <a href="https://www.forbes.com/sites/ashleaebeling/2016/06/15/trumps-golf-course-tax-shelter-likely-target-in-irs-audit/#4fbe663d34f9" target="_self">conservation easements on his golf course properties</a>--charitable deductions whose value the Internal Revenue Service scrutinizes (we don't know whether his deductions are being questioned).</p>
<div class="vestpocket" vest-pocket=""></div>
<p>There’s no question much help is needed in response to Harvey. At the briefing, homeland security adviser Tom Bossert said that there are 100,000 affected homes, and everyone is still in response mode, with life-saving and life-sustaining measures at the forefront of the work being done. Governor Greg Abbott has suggested the recovery costs could exceed $100 billion (the federal Superstorm Sandy recovery package was $60 billion).</p>
<p>President Trump and First Lady Melania Trump are returning to Texas on Saturday. Maybe he’ll hand over a check then.</p>
<p>Here are the relevant excerpts from <a href="https://www.whitehouse.gov/the-press-office/2017/08/31/press-briefing-press-secretary-sarah-sanders-and-homeland-security" target="_blank">the briefing</a> about the pledge.</p></div>
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	</app-root><script id="ng-templates-state" type="application/json">{&q;environmentName&q;:&q;prod&q;,&q;is_mobile&q;:false,&q;/forbesapi/content/uri.json?shortcodes=true&a;slides=true&a;type=ng&a;tickers=true&a;bvallpages=true&a;autovpslider=true&a;stream=true&a;compressimages=true&a;mobile=false&a;prgsmobileads=false&a;relativeVideo=true&a;videoplayertype=brightcove_perform_with_keyvalues&a;swimlane=&a;uri=http://www.forbes.com/sites/ashleaebeling/2017/08/31/president-trump-to-pledge-1-million-of-his-3-5-billion-fortune-for-hurricane-harvey-relief/&q;:{&q;content&q;:{&q;id&q;:&q;content_59a8ae9f64aaf92367ae9bc9&q;,&q;naturalId&q;:&q;blogAndPostId/blog/post/964-14889&q;,&q;source&q;:&q;blogs&q;,&q;author&q;:&q;Ashlea Ebeling&q;,&q;title&q;:&q;President Trump To Pledge $1 Million Of His $3.5 Billion Fortune For Hurricane Harvey Relief&q;,&q;date&q;:1504227840000,&q;body&q;:&q;&l;em&g;Update: President Trump announced &l;a href=\&q;https://www.forbes.com/sites/ashleaebeling/2017/09/06/president-trump-picks-12-charities-for-hurricane-harvey-relief/#6b3ba8d713e9\&q;&g;12 charity picks&l;/a&g; including the Salvation Army and the Red Cross to share the $1 million.&l;/em&g;\r\n\r\nIn response to a question on whether &l;a href=\&q;https://www.forbes.com/profile/donald-trump/\&q;&g;President Donald Trump&l;/a&g; and his family are personally giving to Hurricane Harvey relief, at a White House briefing today, press secretary Sarah Huckabee Sanders said that President Trump &a;ldquo;will pledge probably a million dollars of his own personal money to help the people of both Texas and Louisiana.&a;rdquo; And she said he&a;rsquo;d love suggestions from the press pool as to what charities to give to.\r\n\r\nI&a;rsquo;ll throw out a couple of suggestions: The American National Red Cross, chartered by Congress in 1905 to respond to domestic and international disasters. And the &l;a href=\&q;https://www.forbes.com/sites/ashleaebeling/2017/08/29/giving-stock-to-the-greater-houston-community-foundation-hurricane-harvey-relief-fund/#4ebd43625394\&q;&g;Greater Houston Community Foundation Hurricane Harvey Relief Fund&l;/a&g;, established by Houston&a;rsquo;s mayor Sylvester Turner.\r\n\r\n[caption id=\&q;attachment_840663826\&q; photocredit=\&q;\&q;  align=\&q;\&q; width=\&q;960\&q;]&l;img class=\&q;dam-image getty size-large wp-image-840663826\&q; src=\&q;http://specials-images.forbesimg.com/imageserve/840663826/960x0.jpg?fit=scale\&q; data-height=\&q;657\&q; data-width=\&q;960\&q;&g; WASHINGTON, DC - AUGUST 29: U.S. President Donald Trump and first lady Melania Trump walk on the South Lawn after they returned to the White House August 29, 2017 in Washington, DC. President Trump has returned from Texas after observing the Hurricane Harvey relief efforts. (Photo by Alex Wong/Getty Images)[/caption]\r\n\r\nDoes the pledge mean he has to go through with the donation? That&a;rsquo;s a matter of state law, but since he hasn&a;rsquo;t named a recipient charity yet, and no charity has relied on his promise, technically he&a;rsquo;s not on the hook. But count on the press to hold him to it. It was nearly four months after promising a $1 million personal donation to veterans&a;rsquo; causes at a fundraiser last January that he moved to fulfill that pledge with a gift to the Marine-Corps Law Enforcement Foundation after &l;a href=\&q;https://www.washingtonpost.com/news/post-politics/wp/2016/05/24/four-months-later-donald-trump-says-he-gave-1-million-to-veterans-group/?utm_term=.4ae2be7d032d\&q; target=\&q;_blank\&q;&g;digging by the Washington Post&l;/a&g;.\r\n\r\nIt&a;rsquo;s not unusual for big donors to pause before making big gifts, but with disaster relief there are immediate needs, and the players are well-known. Trump&a;rsquo;s been called out for making mistakes in his charitable giving. His tiny namesake Trump Foundation ($1.1 million assets in 2015) admitted to &l;a href=\&q;https://www.forbes.com/sites/ashleaebeling/2016/11/22/trump-foundation-self-dealing-is-outlier-behavior/#2301c625a3b8\&q;&g;violating self-dealing rules&l;/a&g;. And the bulk of the personal donations he and his companies made over the years were for &l;a href=\&q;https://www.forbes.com/sites/ashleaebeling/2016/06/15/trumps-golf-course-tax-shelter-likely-target-in-irs-audit/#4fbe663d34f9\&q;&g;conservation easements on his golf course properties&l;/a&g;--charitable deductions whose value the Internal Revenue Service scrutinizes (we don&s;t know whether his deductions are being questioned).\r\n\r\nThere&a;rsquo;s no question much help is needed in response to Harvey. At the briefing, homeland security adviser Tom Bossert said that there are 100,000 affected homes, and everyone is still in response mode, with life-saving and life-sustaining measures at the forefront of the work being done. Governor Greg Abbott has suggested the recovery costs could exceed $100 billion (the federal Superstorm Sandy recovery package was $60 billion).\r\n\r\nPresident Trump and First Lady Melania Trump are returning to Texas on Saturday. Maybe he&a;rsquo;ll hand over a check then.\r\n\r\nHere are the relevant excerpts from &l;a href=\&q;https://www.whitehouse.gov/the-press-office/2017/08/31/press-briefing-press-secretary-sarah-sanders-and-homeland-security\&q; target=\&q;_blank\&q;&g;the briefing&l;/a&g; about the pledge.\r\n&l;!--nextpage--&g;\r\n&l;em&g;Question: Can you speak to what the President and his family have done regarding donations for Harvey relief, personally?&l;/em&g;\r\n\r\n&l;em&g;Ms. Sanders: Yes I can.&a;nbsp; I had a chance to speak directly with the President earlier, and I&a;rsquo;m happy to tell you that he would like to join in the efforts that a lot of the people that we&s;ve seen across this country do.&a;nbsp; And he&s;s pledging a million dollars of personal money to the fund.&a;nbsp; And he&s;s actually asked that I check with the folks in this room, since you are very good at research and have been doing a lot of reporting into the groups and organizations that are best and most effective in helping and providing aid, and he&s;d love some suggestions from the folks here, and I&s;d be happy to take those if any of you have them.&a;nbsp; &l;/em&g;\r\n\r\n&l;em&g;But as I said, he&s;ll pledge probably a million dollars of his own personal money to help the people of both Texas and Louisiana.&l;/em&g;\r\n\r\n&l;em&g;Question: &a;hellip;[A]bout that charitable donation -- will that be coming from Trump personally, as opposed to the Trump foundation or the Trump organization?&l;/em&g;\r\n&l;ol&g;&l;li&g;&l;em&g; SANDERS:&a;nbsp; I know that the President -- he said he was personally going to give.&a;nbsp; I don&s;t know the legal part of exactly that, but he said his personal money, so I would assume that comes directly from him.&l;/em&g;&l;/li&g;\r\n&l;/ol&g;&l;strong&g;See also: &l;/strong&g;\r\n\r\n&l;a href=\&q;https://www.forbes.com/sites/ashleaebeling/2017/08/31/3-tax-smart-ways-to-give-to-hurricane-harvey-relief/#d1857794d37e\&q;&g;3 Tax Smart Ways To Give To Hurricane Harvey Relief&l;/a&g;\r\n\r\n&l;a href=\&q;https://www.forbes.com/sites/kellyphillipserb/2017/08/28/helping-out-after-hurricane-harvey-where-what-how-to-donate/#6bbee3ac3c79\&q;&g;Helping Out After Hurricane Harvey: Where, What &a;amp; How To Donate&l;/a&g;\r\n\r\n&l;a href=\&q;https://www.forbes.com/sites/ashleaebeling/2017/08/29/giving-stock-to-the-greater-houston-community-foundation-hurricane-harvey-relief-fund/#f9b74e353947\&q;&g;Giving Stock To The Greater Houston Community Foundation Hurricane Harvey Relief Fund&l;/a&g;\r\n\r\n&l;a href=\&q;https://www.forbes.com/sites/kellyphillipserb/2017/08/31/j-j-watt-raises-millions-for-flood-relief-making-charitable-crowdfunding-history/#55670cf25cbb\&q;&g;J.J. Watt Raises Millions For Flood Relief, Making Charitable Crowdfunding History&l;/a&g;\r\n\r\n&a;nbsp;&q;,&q;description&q;:&q;Trump asks for help choosing a charity to give to.&q;,&q;image&q;:&q;http://specials-images.forbesimg.com/imageserve/840663826/960x0.jpg?fit=scale&q;,&q;type&q;:&q;blog&q;,&q;storyType&q;:&q;post&q;,&q;uri&q;:&q;http://www.forbes.com/sites/ashleaebeling/2017/08/31/president-trump-to-pledge-1-million-of-his-3-5-billion-fortune-for-hurricane-harvey-relief/&q;,&q;comments&q;:[],&q;visible&q;:true,&q;authors&q;:[{&q;naturalId&q;:&q;blogAuthorId/blog/author/632&q;,&q;name&q;:&q;Ashlea Ebeling&q;,&q;avatars&q;:[{&q;size&q;:400,&q;image&q;:&q;https://0.gravatar.com/avatar/6bd08f12115b5a9d70be6ce51169107b?s=400&a;d=mm&a;r=g&q;},{&q;size&q;:136,&q;image&q;:&q;https://0.gravatar.com/avatar/6bd08f12115b5a9d70be6ce51169107b?s=136&a;d=mm&a;r=g&q;},{&q;size&q;:62,&q;image&q;:&q;https://0.gravatar.com/avatar/6bd08f12115b5a9d70be6ce51169107b?s=62&a;d=mm&a;r=g&q;},{&q;size&q;:40,&q;image&q;:&q;https://0.gravatar.com/avatar/6bd08f12115b5a9d70be6ce51169107b?s=40&a;d=mm&a;r=g&q;}],&q;url&q;:&q;http://www.forbes.com/sites/ashleaebeling/&q;,&q;type&q;:&q;Forbes Staff&q;,&q;profileUrl&q;:&q;/sites/ashleaebeling/&q;,&q;twitterName&q;:&q;ashleaebeling&q;,&q;authorType&q;:&q;individual&q;,&q;linkedIn&q;:&q;http://www.linkedin.com/pub/ashlea-ebeling/22/550/18a&q;,&q;email&q;:&q;AEbeling@forbes.com&q;,&q;blog&q;:false,&q;timestamp&q;:1488234195232,&q;shortBio&q;:&q;I write about how to build, manage and enjoy your family&s;s wealth.&q;,&q;blogName&q;:&q;The Best Revenge&q;,&q;topics&q;:[&q;personal-finance&q;,&q;investing&q;,&q;taxes&q;,&q;business&q;,&q;retirement&q;,&q;entrepreneurs&q;,&q;taxes-and-law&q;,&q;financing&q;,&q;microbusiness&q;,&q;advisor-network&q;,&q;washington&q;,&q;catching-up&q;,&q;navigating-the-new-retirement&q;],&q;recentFlag&q;:false,&q;description&q;:&q;I&s;m an associate editor at Forbes, reporting on personal finance from my outpost in a Modernist house in New Canaan, Conn. I have a law degree, and I write about how to build, manage and enjoy your family&s;s wealth.\r\n\r\nSince I joined Forbes in 1997, my favorite stories have been on how people fuel their passions (historic preservation, open space, art, for example) by exploiting the tax code. I also get into the nitty-gritty of retirement account rules, estate planning and strategic charitable giving. My favorite Forbes business trip: to Plano, Ill. to report on the restoration of Ludwig Mies van der Rohe&s;s Farnsworth House, then owned by a British baron. Live well.\r\n\r\nFollow me on Twitter: http://www.twitter.com/ashleaebeling\r\n\r\nSend me an email: aebeling@forbes.com&q;,&q;recentActivityCount&q;:0,&q;latestActivityDate&q;:1447711020000,&q;dailyActivityCount&q;:0,&q;primaryBlogNaturalId&q;:&q;blogAuthorId/blog/author/blog-964&q;,&q;shortUri&q;:&q;http://onforb.es/12liM5h&q;,&q;displayChannel&q;:&q;investing&q;,&q;displaySection&q;:&q;personalfinance&q;,&q;contributorSince&q;:1280865632000,&q;slug&q;:&q;ashleaebeling&q;,&q;showNoVestPocket&q;:false,&q;embargo&q;:false,&q;primaryChannelId&q;:&q;channel_2&q;,&q;primarySectionId&q;:&q;section_65&q;,&q;enableContribContact&q;:true,&q;enableTwitterFeed&q;:false,&q;disableCanonical&q;:false,&q;disableDigest&q;:false,&q;forbesTwitterProfile&q;:{&q;screenName&q;:&q;ashleaebeling&q;,&q;name&q;:&q;Ashlea Ebeling&q;,&q;profileImageUrl&q;:&q;http://pbs.twimg.com/profile_images/447025847577223168/j9FZyehE.jpeg&q;,&q;description&q;:&q;Associate Editor, Forbes&q;,&q;createdDate&q;:1297440538000,&q;location&q;:&q;New Canaan, Conn.&q;,&q;url&q;:&q;http://t.co/HaIWurDsvc&q;,&q;expandedUrl&q;:&q;http://www.forbes.com/sites/ashleaebeling&q;,&q;displayUrl&q;:&q;forbes.com/sites/ashleaeb…&q;,&q;verified&q;:false},&q;inactive&q;:true,&q;primaryChannel&q;:{&q;id&q;:&q;channel_2&q;,&q;channelId&q;:&q;channel_2&q;,&q;channelName&q;:&q;Investing&q;,&q;sectionId&q;:&q;section_65&q;,&q;sectionName&q;:&q;Personal Finance&q;,&q;url&q;:&q;/finance&q;,&q;shortName&q;:&q;Personal Finance&q;},&q;allowEmail&q;:false,&q;avatar_map&q;:{}},{&q;naturalId&q;:&q;blogAuthorId/blog/author/blog-964&q;,&q;name&q;:&q;The Best Revenge&q;,&q;avatars&q;:[{&q;size&q;:0,&q;image&q;:&q;&q;},{&q;size&q;:0,&q;image&q;:&q;&q;},{&q;size&q;:0,&q;image&q;:&q;&q;},{&q;size&q;:0,&q;image&q;:&q;&q;}],&q;url&q;:&q;http://www.forbes.com/sites/ashleaebeling/&q;,&q;profileUrl&q;:&q;https://blogs.forbes.com/ashleaebeling/profile/&q;,&q;twitterName&q;:&q;ashleaebeling&q;,&q;authorType&q;:&q;individual&q;,&q;blog&q;:true,&q;timestamp&q;:1512748713394,&q;topics&q;:[&q;personal-finance&q;,&q;investing&q;,&q;taxes&q;,&q;entrepreneurs&q;,&q;taxes-and-law&q;,&q;retirement&q;,&q;business&q;,&q;financing&q;,&q;microbusiness&q;,&q;advisor-network&q;,&q;washington&q;,&q;catching-up&q;,&q;navigating-the-new-retirement&q;],&q;recentFlag&q;:false,&q;recentActivityCount&q;:2,&q;latestActivityDate&q;:1447711020000,&q;dailyActivityCount&q;:1,&q;primaryBlogNaturalId&q;:&q;blogAuthorId/blog/author/blog-964&q;,&q;primaryContributor&q;:&q;blogAuthorId/blog/author/632&q;,&q;primaryContributorData&q;:{&q;naturalId&q;:&q;blogAuthorId/blog/author/632&q;,&q;name&q;:&q;Ashlea Ebeling&q;,&q;avatars&q;:[{&q;size&q;:136,&q;image&q;:&q;https://secure.gravatar.com/avatar/6bd08f12115b5a9d70be6ce51169107b?s=136&a;#038;d=mm&a;#038;r=g&q;},{&q;size&q;:400,&q;image&q;:&q;https://secure.gravatar.com/avatar/6bd08f12115b5a9d70be6ce51169107b?s=400&a;#038;d=mm&a;#038;r=g&q;},{&q;size&q;:40,&q;image&q;:&q;https://secure.gravatar.com/avatar/6bd08f12115b5a9d70be6ce51169107b?s=40&a;#038;d=mm&a;#038;r=g&q;},{&q;size&q;:62,&q;image&q;:&q;https://secure.gravatar.com/avatar/6bd08f12115b5a9d70be6ce51169107b?s=62&a;#038;d=mm&a;#038;r=g&q;}],&q;blog&q;:false,&q;shortBio&q;:&q;I write about how to build, manage and enjoy your family&s;s wealth.&q;,&q;description&q;:&q;I&s;m an associate editor at Forbes, reporting on personal finance from my outpost in a Modernist house in New Canaan, Conn. I have a law degree, and I write about how to build, manage and enjoy your family&s;s wealth.\r\n\r\nSince I joined Forbes in 1997, my favorite stories have been on how people fuel their passions (historic preservation, open space, art, for example) by exploiting the tax code. I also get into the nitty-gritty of retirement account rules, estate planning and strategic charitable giving. My favorite Forbes business trip: to Plano, Ill. to report on the restoration of Ludwig Mies van der Rohe&s;s Farnsworth House, then owned by a British baron. Live well.\r\n\r\nFollow me on Twitter: http://www.twitter.com/ashleaebeling\r\n\r\nSend me an email: aebeling@forbes.com&q;,&q;allowEmail&q;:false},&q;shortUri&q;:&q;http://onforb.es/12liM5h&q;,&q;displayChannel&q;:&q;investing&q;,&q;displaySection&q;:&q;personalfinance&q;,&q;contributorSince&q;:1280851234000,&q;slug&q;:&q;ashleaebeling&q;,&q;showNoVestPocket&q;:false,&q;embargo&q;:false,&q;primaryChannelId&q;:&q;channel_2&q;,&q;primarySectionId&q;:&q;section_65&q;,&q;enableContribContact&q;:false,&q;enableTwitterFeed&q;:false,&q;disableCanonical&q;:false,&q;disableDigest&q;:false,&q;forbesTwitterProfile&q;:{&q;screenName&q;:&q;ashleaebeling&q;,&q;name&q;:&q;Ashlea Ebeling&q;,&q;profileImageUrl&q;:&q;http://pbs.twimg.com/profile_images/447025847577223168/j9FZyehE.jpeg&q;,&q;description&q;:&q;Associate Editor, Forbes&q;,&q;createdDate&q;:1297440538000,&q;location&q;:&q;New Canaan, Conn.&q;,&q;url&q;:&q;http://t.co/HaIWurDsvc&q;,&q;expandedUrl&q;:&q;http://www.forbes.com/sites/ashleaebeling&q;,&q;displayUrl&q;:&q;forbes.com/sites/ashleaeb…&q;,&q;verified&q;:false},&q;inactive&q;:false,&q;primaryChannel&q;:{&q;id&q;:&q;channel_2&q;,&q;channelId&q;:&q;channel_2&q;,&q;channelName&q;:&q;Investing&q;,&q;sectionId&q;:&q;section_65&q;,&q;sectionName&q;:&q;Personal Finance&q;,&q;url&q;:&q;/finance&q;,&q;shortName&q;:&q;Personal Finance&q;},&q;allowEmail&q;:false,&q;avatar_map&q;:{}}],&q;channelSection&q;:[{&q;channelId&q;:&q;channel_2&q;},{&q;channelId&q;:&q;channel_2&q;,&q;sectionId&q;:&q;section_15&q;},{&q;channelId&q;:&q;channel_2&q;,&q;sectionId&q;:&q;section_65&q;}],&q;slug&q;:&q;The Best Revenge&q;,&q;blogType&q;:&q;individual&q;,&q;sitePage&q;:&q;forbes.com/investing/blogs/ashleaebeling/index.html&q;,&q;displayChannel&q;:&q;investing&q;,&q;displaySection&q;:&q;personalfinance&q;,&q;vestPocketList&q;:[{&q;id&q;:&q;59a854cd64aaf97b128ddbe2&q;,&q;type&q;:&q;blog&q;,&q;uri&q;:&q;http://www.forbes.com/sites/ashleaebeling/2017/08/31/3-tax-smart-ways-to-give-to-hurricane-harvey-relief/&q;,&q;image&q;:&q;http://specials-images.forbesimg.com/imageserve/841240814/960x0.jpg?fit=scale&q;,&q;title&q;:&q;3 Tax Smart Ways To Give To Hurricane Harvey Relief&q;,&q;contentType&q;:&q;blog&q;,&q;position&q;:0,&q;naturalId&q;:&q;blogAndPostId/blog/post/964-14878&q;,&q;authorImage&q;:&q;http://0.gravatar.com/avatar/6bd08f12115b5a9d70be6ce51169107b?s=40&a;d=mm&a;r=g&q;,&q;authorUrl&q;:&q;http://www.forbes.com/sites/ashleaebeling/&q;,&q;authorType&q;:&q;Forbes Staff&q;,&q;authorName&q;:&q;Ashlea Ebeling&q;,&q;blogType&q;:&q;individual&q;},{&q;id&q;:&q;59a56e3764aaf9435aebcbf4&q;,&q;type&q;:&q;blog&q;,&q;uri&q;:&q;http://www.forbes.com/sites/ashleaebeling/2017/08/29/giving-stock-to-the-greater-houston-community-foundation-hurricane-harvey-relief-fund/&q;,&q;image&q;:&q;http://specials-images.forbesimg.com/imageserve/593341d5d9d14ced84e4578a5a01785c/960x0.jpg?fit=scale&q;,&q;title&q;:&q;Giving Stock To The Greater Houston Community Foundation Hurricane Harvey Relief...&q;,&q;contentType&q;:&q;blog&q;,&q;position&q;:1,&q;naturalId&q;:&q;blogAndPostId/blog/post/964-14863&q;,&q;authorImage&q;:&q;http://0.gravatar.com/avatar/6bd08f12115b5a9d70be6ce51169107b?s=40&a;d=mm&a;r=g&q;,&q;authorUrl&q;:&q;http://www.forbes.com/sites/ashleaebeling/&q;,&q;authorType&q;:&q;Forbes Staff&q;,&q;authorName&q;:&q;Ashlea Ebeling&q;,&q;blogType&q;:&q;individual&q;},{&q;id&q;:&q;59a8616564aaf90ed0d1f9d0&q;,&q;type&q;:&q;blog&q;,&q;uri&q;:&q;http://www.forbes.com/sites/kellyphillipserb/2017/08/31/j-j-watt-raises-millions-for-flood-relief-making-charitable-crowdfunding-history/&q;,&q;image&q;:&q;https://specials-images.forbesimg.com/imageserve/835659740/960x0.jpg?fit=scale&q;,&q;title&q;:&q;J.J. Watt Raises Millions For Flood Relief, Making Charitable Crowdfunding...&q;,&q;contentType&q;:&q;blog&q;,&q;position&q;:2,&q;naturalId&q;:&q;blogAndPostId/blog/post/1479-32570&q;,&q;authorImage&q;:&q;https://secure.gravatar.com/avatar/e8bc935b76c1deaa34ea856ea8a1f96f?s=40&a;d=mm&a;r=g&q;,&q;authorUrl&q;:&q;http://www.forbes.com/sites/kellyphillipserb/&q;,&q;authorType&q;:&q;Forbes Staff&q;,&q;authorName&q;:&q;Kelly Phillips Erb&q;,&q;blogType&q;:&q;individual&q;},{&q;id&q;:&q;59a405e264aaf9435aebc5ed&q;,&q;type&q;:&q;blog&q;,&q;uri&q;:&q;http://www.forbes.com/sites/kellyphillipserb/2017/08/28/helping-out-after-hurricane-harvey-where-what-how-to-donate/&q;,&q;image&q;:&q;https://specials-images.forbesimg.com/imageserve/840023402/960x0.jpg?fit=scale&q;,&q;title&q;:&q;Helping Out After Hurricane Harvey: Where, What &a; How To Donate (UPDATED)&q;,&q;contentType&q;:&q;blog&q;,&q;position&q;:3,&q;naturalId&q;:&q;blogAndPostId/blog/post/1479-32511&q;,&q;authorImage&q;:&q;https://secure.gravatar.com/avatar/e8bc935b76c1deaa34ea856ea8a1f96f?s=40&a;d=mm&a;r=g&q;,&q;authorUrl&q;:&q;http://www.forbes.com/sites/kellyphillipserb/&q;,&q;authorType&q;:&q;Forbes Staff&q;,&q;authorName&q;:&q;Kelly Phillips Erb&q;,&q;blogType&q;:&q;individual&q;},{&q;type&q;:&q;slide&q;,&q;uri&q;:&q;https://www.forbes.com/pictures/mlj45jggj/1-detroit/&q;,&q;image&q;:&q;http://specials-images.forbesimg.com/imageserve/026M72T8ElbzS/&q;,&q;title&q;:&q;The 10 Most Dangerous U.S. Cities&q;,&q;naturalId&q;:&q;blogAndSlideId/blog/slide/986-6336&q;,&q;count&q;:37096,&q;reason&q;:&q;MP-G&q;},{&q;type&q;:&q;blog&q;,&q;uri&q;:&q;https://www.forbes.com/sites/lizryan/2018/02/18/ten-things-your-boss-does-not-need-to-know-about-you/&q;,&q;image&q;:&q;https://specials-images.forbesimg.com/dam/imageserve/169824548/960x0.jpg?fit=scale&q;,&q;title&q;:&q;Ten Things Your Boss Does Not Need To Know About You&q;,&q;naturalId&q;:&q;blogAndPostId/blog/post/2989-32977&q;,&q;count&q;:0,&q;reason&q;:&q;LI&q;},{&q;type&q;:&q;slide&q;,&q;uri&q;:&q;https://www.forbes.com/pictures/feki45eieki/the-toughest-jobs-to-fil/&q;,&q;image&q;:&q;http://specials-images.forbesimg.com/imageserve/316974200/&q;,&q;title&q;:&q;The Toughest Jobs To Fill In 2017&q;,&q;naturalId&q;:&q;blogAndSlideId/blog/slide/2175-15175&q;,&q;count&q;:25023,&q;reason&q;:&q;MP-G&q;},{&q;type&q;:&q;video&q;,&q;uri&q;:&q;https://www.forbes.com/video/5194759064001/&q;,&q;image&q;:&q;http://i.forbesimg.com/media/video/2018/02/06/5194759064001_still.jpg&q;,&q;title&q;:&q;Why So Many Millennials Experience Impostor Syndrome&q;,&q;reason&q;:&q;MP-V&q;}],&q;generatedId&q;:&q;mjh45ehllm&q;,&q;manualDescription&q;:&q;Trump asks for help choosing a charity to give to.&q;,&q;primaryChannelId&q;:&q;channel_2&q;,&q;primarySectionId&q;:&q;section_65&q;,&q;vestPocketPosition&q;:6,&q;siteSlug&q;:&q;ashleaebeling&q;,&q;preview&q;:false,&q;showComments&q;:true,&q;timestamp&q;:1504788218378,&q;statsEntities&q;:[{&q;id&q;:null,&q;name&q;:&q;Human Interest&q;,&q;type&q;:null,&q;relevance&q;:null},{&q;id&q;:null,&q;name&q;:&q;Economy of the United States&q;,&q;type&q;:null,&q;relevance&q;:null},{&q;id&q;:null,&q;name&q;:&q;Business&q;,&q;type&q;:null,&q;relevance&q;:null},{&q;id&q;:null,&q;name&q;:&q;United States&q;,&q;type&q;:null,&q;relevance&q;:null},{&q;id&q;:null,&q;name&q;:&q;Donald J. 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tropical storm harvey&q;,&q; president trump&q;,&q; american red cross&q;],&q;writtenByForbesStaff&q;:true,&q;templateType&q;:&q;standard&q;,&q;enableSigfile&q;:false,&q;primaryChannel&q;:{&q;id&q;:&q;channel_2&q;,&q;channelId&q;:&q;channel_2&q;,&q;channelName&q;:&q;Investing&q;,&q;sectionId&q;:&q;section_65&q;,&q;sectionName&q;:&q;Personal Finance&q;,&q;url&q;:&q;/finance&q;,&q;shortName&q;:&q;Personal Finance&q;},&q;pages&q;:[&q;&l;p&g;&l;em&g;Update: President Trump announced &l;a href=\&q;https://www.forbes.com/sites/ashleaebeling/2017/09/06/president-trump-picks-12-charities-for-hurricane-harvey-relief/#6b3ba8d713e9\&q; target=\&q;_self\&q;&g;12 charity picks&l;/a&g; including the Salvation Army and the Red Cross to share the $1 million.&l;/em&g;&l;/p&g;\n&l;p&g;In response to a question on whether &l;a href=\&q;https://www.forbes.com/profile/donald-trump/\&q; target=\&q;_self\&q;&g;President Donald Trump&l;/a&g; and his family are personally giving to Hurricane Harvey relief, at a White House briefing today, press secretary Sarah Huckabee Sanders said that President Trump “will pledge probably a million dollars of his own personal money to help the people of both Texas and Louisiana.” And she said he’d love suggestions from the press pool as to what charities to give to.&l;/p&g;\n&l;p&g;I’ll throw out a couple of suggestions: The American National Red Cross, chartered by Congress in 1905 to respond to domestic and international disasters. And the &l;a href=\&q;https://www.forbes.com/sites/ashleaebeling/2017/08/29/giving-stock-to-the-greater-houston-community-foundation-hurricane-harvey-relief-fund/#4ebd43625394\&q; target=\&q;_self\&q;&g;Greater Houston Community Foundation Hurricane Harvey Relief Fund&l;/a&g;, established by Houston’s mayor Sylvester Turner.&l;/p&g;\n&l;div id=\&q;attachment_840663826\&q; class=\&q;wp-caption alignnone\&q;&g; \n &l;div class=\&q;article-body-image\&q;&g; \n  &l;img class=\&q;dam-image getty size-large wp-image-840663826\&q; src=\&q;//specials-images.forbesimg.com/imageserve/840663826/960x0.jpg?fit=scale\&q; data-height=\&q;657\&q; data-width=\&q;960\&q; /&g; \n &l;/div&g; \n &l;div article-image-caption=\&q;\&q;&g; \n  &l;div class=\&q;caption-container\&q; ng-class=\&q;caption_state\&q;&g; \n   &l;fbs-accordion current=\&q;0\&q;&g; \n    &l;p class=\&q;wp-caption-text\&q;&g;WASHINGTON, DC - AUGUST 29: U.S. President Donald Trump and first lady Melania Trump walk on the South Lawn after they returned to the White House August 29, 2017 in Washington, DC. President Trump has returned from Texas after observing the Hurricane Harvey relief efforts. (Photo by Alex Wong/Getty Images)&l;/p&g; \n   &l;/fbs-accordion&g; \n  &l;/div&g; \n &l;/div&g; \n&l;/div&g;\n&l;p&g; \n &l;fbs-ad position=\&q;inread\&q; progressive=\&q;\&q;&g;&l;/fbs-ad&g;&l;/p&g;\n&l;p&g;Does the pledge mean he has to go through with the donation? That’s a matter of state law, but since he hasn’t named a recipient charity yet, and no charity has relied on his promise, technically he’s not on the hook. But count on the press to hold him to it. It was nearly four months after promising a $1 million personal donation to veterans’ causes at a fundraiser last January that he moved to fulfill that pledge with a gift to the Marine-Corps Law Enforcement Foundation after &l;a href=\&q;https://www.washingtonpost.com/news/post-politics/wp/2016/05/24/four-months-later-donald-trump-says-he-gave-1-million-to-veterans-group/?utm_term=.4ae2be7d032d\&q; target=\&q;_blank\&q;&g;digging by the Washington Post&l;/a&g;.&l;/p&g;\n&l;p&g;It’s not unusual for big donors to pause before making big gifts, but with disaster relief there are immediate needs, and the players are well-known. Trump’s been called out for making mistakes in his charitable giving. His tiny namesake Trump Foundation ($1.1 million assets in 2015) admitted to &l;a href=\&q;https://www.forbes.com/sites/ashleaebeling/2016/11/22/trump-foundation-self-dealing-is-outlier-behavior/#2301c625a3b8\&q; target=\&q;_self\&q;&g;violating self-dealing rules&l;/a&g;. And the bulk of the personal donations he and his companies made over the years were for &l;a href=\&q;https://www.forbes.com/sites/ashleaebeling/2016/06/15/trumps-golf-course-tax-shelter-likely-target-in-irs-audit/#4fbe663d34f9\&q; target=\&q;_self\&q;&g;conservation easements on his golf course properties&l;/a&g;--charitable deductions whose value the Internal Revenue Service scrutinizes (we don&s;t know whether his deductions are being questioned).&l;/p&g;\n&l;div class=\&q;vestpocket\&q; vest-pocket=\&q;\&q;&g;&l;/div&g;\n&l;p&g;There’s no question much help is needed in response to Harvey. At the briefing, homeland security adviser Tom Bossert said that there are 100,000 affected homes, and everyone is still in response mode, with life-saving and life-sustaining measures at the forefront of the work being done. Governor Greg Abbott has suggested the recovery costs could exceed $100 billion (the federal Superstorm Sandy recovery package was $60 billion).&l;/p&g;\n&l;p&g;President Trump and First Lady Melania Trump are returning to Texas on Saturday. Maybe he’ll hand over a check then.&l;/p&g;\n&l;p&g;Here are the relevant excerpts from &l;a href=\&q;https://www.whitehouse.gov/the-press-office/2017/08/31/press-briefing-press-secretary-sarah-sanders-and-homeland-security\&q; target=\&q;_blank\&q;&g;the briefing&l;/a&g; about the pledge.&l;/p&g;&q;,&q;&l;p&g;&l;em&g;Question: Can you speak to what the President and his family have done regarding donations for Harvey relief, personally?&l;/em&g;&l;/p&g;\n&l;p&g;&l;em&g;Ms. Sanders: Yes I can.&a;nbsp; I had a chance to speak directly with the President earlier, and I’m happy to tell you that he would like to join in the efforts that a lot of the people that we&s;ve seen across this country do.&a;nbsp; And he&s;s pledging a million dollars of personal money to the fund.&a;nbsp; And he&s;s actually asked that I check with the folks in this room, since you are very good at research and have been doing a lot of reporting into the groups and organizations that are best and most effective in helping and providing aid, and he&s;d love some suggestions from the folks here, and I&s;d be happy to take those if any of you have them.&a;nbsp; &l;/em&g;&l;/p&g;\n&l;p&g;&l;em&g;But as I said, he&s;ll pledge probably a million dollars of his own personal money to help the people of both Texas and Louisiana.&l;/em&g;&l;/p&g;\n&l;p&g;&l;em&g;Question: …[A]bout that charitable donation -- will that be coming from Trump personally, as opposed to the Trump foundation or the Trump organization?&l;/em&g;&l;/p&g;\n&l;ol&g; \n &l;li&g;&l;em&g; SANDERS:&a;nbsp; I know that the President -- he said he was personally going to give.&a;nbsp; I don&s;t know the legal part of exactly that, but he said his personal money, so I would assume that comes directly from him.&l;/em&g;&l;/li&g; \n &l;p&g; \n  &l;fbs-ad position=\&q;inread\&q; progressive=\&q;\&q;&g;&l;/fbs-ad&g;&l;/p&g; \n&l;/ol&g;\n&l;p&g;&l;strong&g;See also: &l;/strong&g;&l;/p&g;\n&l;p&g;&l;a href=\&q;https://www.forbes.com/sites/ashleaebeling/2017/08/31/3-tax-smart-ways-to-give-to-hurricane-harvey-relief/#d1857794d37e\&q; target=\&q;_self\&q;&g;3 Tax Smart Ways To Give To Hurricane Harvey Relief&l;/a&g;&l;/p&g;\n&l;p&g;&l;a href=\&q;https://www.forbes.com/sites/kellyphillipserb/2017/08/28/helping-out-after-hurricane-harvey-where-what-how-to-donate/#6bbee3ac3c79\&q; target=\&q;_self\&q;&g;Helping Out After Hurricane Harvey: Where, What &a;amp; How To Donate&l;/a&g;&l;/p&g;\n&l;div class=\&q;vestpocket\&q; vest-pocket=\&q;\&q;&g;&l;/div&g;\n&l;p&g;&l;a href=\&q;https://www.forbes.com/sites/ashleaebeling/2017/08/29/giving-stock-to-the-greater-houston-community-foundation-hurricane-harvey-relief-fund/#f9b74e353947\&q; target=\&q;_self\&q;&g;Giving Stock To The Greater Houston Community Foundation Hurricane Harvey Relief Fund&l;/a&g;&l;/p&g;\n&l;p&g;&l;a href=\&q;https://www.forbes.com/sites/kellyphillipserb/2017/08/31/j-j-watt-raises-millions-for-flood-relief-making-charitable-crowdfunding-history/#55670cf25cbb\&q; target=\&q;_self\&q;&g;J.J. 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