Well... You are correct, but THIS situation does not appear to be a matter of, strictly speaking, depreciation, or what most people would consider to be a capital loss. Having looked at the filings for a few years, it appears to me that in the case of the DT Foundation, this is simply a matter of, over some time, the Foundation has been donating out more money that it takes in from supporters and financial investments, with very low operating expenses, and plenty of capital to draw down if desired, for donations. “Money in the bank”, so to speak.
(”Officers” could be “paid” or overpaid through outgoing “donations” but I’ve heard of no such accusation here.)
Capital gains and losses are shown as zero, and ditto for depreciation.
Now, I’m not a tax attorney, but these filings look pretty straightforward, and, Hillary is an idiot.
I’m sure Hillary has voted on many tax matters - too bad Trump did not ask her if she actually understands anything about tax law.
Of course, because put into the simplest of terms, they basically do Foundation work as part of their duties working for the Trump Organization and don’t pass through any of the expenses.
Unlike the crooked Clinton Foundation, where scumbags like Sidney Blumenthal are put on the payroll to run a shadow State Department after Obama specifically told these crooks that he could not hold an official position at State.