Ivanka Trump is not a transparent person, and neither is her role in her father’s administration. She has no defined job other than as an “Assistant to the President” but has managed to score a permanent office in the West Wing and a chief of staff.
These are a lot of resources for someone who supposedly doesn’t have an official role and remains unpaid.
Alongside “assisting” her father, Ivanka has begun another venture. She has begun setting up a secretive fund, with the vague goal of “helping female entrepreneurs.”
Mike Allen at Axios has reported that she’s been busy collecting donations from various sources, including private donors, companies and even nation states.
Ivanka Trump told me yesterday from Berlin that she has begun building a massive fund that will benefit female entrepreneurs around the globe. Both countries and companies will contribute to create a pool of capital to economically empower women.
Allen also claims that President Donald Trump is a big supporter of the foundation and that he and Ivanka have already consulted with World Bank Group President Jim Yong Kim about how to start the foundation “in a big way.”
While empowering women to become entrepreneurs is a noble goal in itself, does Ivanka really need foreign funding to set it up? Could she not maybe, I dunno, use some of the Trump family’s vast wealth to give back to the people? Of course not, because this isn’t about giving back to the people.
Allen states that Canada, Germany and “a few Middle Eastern countries” have made “quiet commitments” to the fund. This stinks to high heaven.
It is now clear for all to see how one might buy the favors of Ivanka Trump and, by proxy, her father. Simply donate to their faceless, nameless “growth fund!”
The Trump’s have left themselves wide open to foreign financial manipulation.
The fact that there is likely to be no oversight of this fund, which is operated by an “unpaid assistant” with no clear role in the White House, and just so happens to be the President’s daughter, beggars belief. The aloofness of the Trump administration, especially with regards to clear White House ethics guidelines, sets a dangerous precedent.
The irony is that during the campaign Trump accused Hillary and Bill Clinton of using their Clinton Foundation as a means for foreign entities to buy political favors. Now Trump’s family is setting up a fund that does just that.
By now, no free thinking individual should be under the impression that Trump wasn’t going to use the Presidency to procure capital and amass even more wealth. What Ivanka is doing is exactly that.