FREE Sign upLogin
Kushner-Trump business partner directed one of America’s worst charities

Kushner-Trump business partner directed one of America’s worst charities

EB-5 Visa, EB5 Visa, EB-5 Investment

A visa broker who partnered with Jared Kushner to recruit Chinese investment for a Trump-branded tower also directed one of America’s worst charities.

Florida businessman Nicholas Mastroianni II partnered in 2012 with Kushner Cos., where Kushner was CEO, to raise tens of millions of dollars from Chinese investors through a visa-for-sale program called EB-5. The money was for the 50-story Trump Bay Street apartments in Jersey City, New Jersey, named under a licensing arrangement involving Donald Trump.

Recent media reports have focused on Kushner’s decision to retain a personal investment stake in the building even while joining his father-in-law’s White House and the checkered past of Mastroianni, a visa broker with a history of legal problems, failed ventures and unpaid debts.

Before that, Mastroianni appeared on the list of America’s Worst Charities compiled in 2013 by The Center for Investigative Reporting and the Tampa Bay Times.

The United Breast Cancer Foundation was No. 35 on the list, which raised $12.7 million as of 2014, yet spent $7.2 million of that amount on professional fundraising consultants. Only 6.3 percent of donations went to direct cash awards for cancer-related causes. The list of the nation’s 50 worst charities ranked organizations by how much they spent on outside fundraising.

The United Breast Cancer Foundation is governed by the Mastroianni family and had no independent board members. On its website, the foundation charged $50 for people to apply for its grants for breast reconstruction.

At the time, the charity’s director of operations, Beth Reichart, said its efforts were focused on hands-on programs and education. She blamed the high overhead on fundraising consultants.

“It would be wonderful if our government agencies championed on behalf of nonprofit organizations, ensuring greater fund retention,” she said.



  • New Jersey

Subscribe for News

Site Digest


Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.