The wife of House Oversight Chairman Elijah Cummings used her charity to funnel hundreds of thousands of dollars into her private LLC, according to new documents obtained by The Daily Caller News Foundation.
Multiple charity watchdogs said the previously undisclosed financial arrangement between Rockeymoore Cummings's charity and for-profit company raises red flags.
House Oversight Chairman Elijah Cummings's wife has funneled hundreds of thousands of dollars from her charity to her private for-profit organization, according to a previously undisclosed cost-sharing arrangement that multiple experts said raises red flags.
The NLPC filed an IRS complaint against Rockeymoore Cummings's charity and LLC in May, alleging that companies with interests before the House Oversight Committee are potentially buying favorable treatment from the congressman through their donations to the charity.
"The problem is there are millions of dollars coming into these entities from corporations and special interests with business before Elijah Cummings, and any time you have that, every rule has to be followed or else it opens the door for massive corruption," Anderson previously told TheDCNF. Multiple nonprofit experts are questioning why Rockeymoore Cummings's private company charges a 5% management fee to her charity on top of a cost-sharing agreement.
Charity Watch President Daniel Borochoff said the funds flowing from Rockeymoore Cummings's charity from the 5% management fee is problematic given her husband's regulatory authority over the business interests funding her charity.
Sally Wagenmaker, a Chicago attorney who specializes in nonprofit tax law, said that while cost-sharing agreements between charities and other entities are common, the management fee Rockeymoore Cummings charges her charity "Raises a potential red flag."
https://dailycaller.com/2019/06/05/elijah-cummingss-wife-charity/
Multiple charity watchdogs said the previously undisclosed financial arrangement between Rockeymoore Cummings's charity and for-profit company raises red flags.
House Oversight Chairman Elijah Cummings's wife has funneled hundreds of thousands of dollars from her charity to her private for-profit organization, according to a previously undisclosed cost-sharing arrangement that multiple experts said raises red flags.
The NLPC filed an IRS complaint against Rockeymoore Cummings's charity and LLC in May, alleging that companies with interests before the House Oversight Committee are potentially buying favorable treatment from the congressman through their donations to the charity.
"The problem is there are millions of dollars coming into these entities from corporations and special interests with business before Elijah Cummings, and any time you have that, every rule has to be followed or else it opens the door for massive corruption," Anderson previously told TheDCNF. Multiple nonprofit experts are questioning why Rockeymoore Cummings's private company charges a 5% management fee to her charity on top of a cost-sharing agreement.
Charity Watch President Daniel Borochoff said the funds flowing from Rockeymoore Cummings's charity from the 5% management fee is problematic given her husband's regulatory authority over the business interests funding her charity.
Sally Wagenmaker, a Chicago attorney who specializes in nonprofit tax law, said that while cost-sharing agreements between charities and other entities are common, the management fee Rockeymoore Cummings charges her charity "Raises a potential red flag."
https://dailycaller.com/2019/06/05/elijah-cummingss-wife-charity/
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