Fred Trump
Photo: Gotfryd, Bernard, photographer, Public domain, via Wikimedia Commons13

Fred Trump

American real estate developer (1905–1999)

Frederick Christ Trump (October 11, 1905 – June 25, 1999) was an American real estate developer and businessman. He was the father of Donald Trump, the 45th and 47th president of the United States, along with four other children.2

From Wikipedia’s article on Fred Trump (this version), CC BY-SA 4.0.

Born Oct 11, 1905, died Jun 25, 1999.1

About

Trump was born in the Bronx, New York City, to a German immigrant couple. He began working in home construction and sales in the 1920s before heading the real-estate business started by his parents (later known as the Trump Organization). His company rose to success, building and managing single-family houses in Queens, apartments for war workers on the East Coast during World War II, and more than 27,000 apartments in New York overall. Trump was investigated for profiteering by a U.S. Senate committee in 1954 and again by New York State in 1966. Donald Trump became the president of his father's business in 1971. Two years later, they were sued by the U.S. Justice Department's Civil Rights Division for racial discrimination against black people.

According to The New York Times, Fred and his wife, Mary, provided over $1 billion (in 2018 dollar value) to their children, avoiding over $500 million in gift taxes. In 1992, Fred and Donald set up a subsidiary which was used to funnel Fred's fortune to his progeny. Shortly before his death, Fred transferred the ownership of most of his buildings to his surviving children, who several years later sold them for over 16 times their previously declared worth.

Trump was arrested at a Ku Klux Klan demonstration in 1927, but there is no conclusive evidence that he supported the organization. From World War II onward, to avoid associations with Nazism, Trump denied his German ancestry and also supported Jewish causes.

From Wikipedia’s article on Fred Trump, shared under CC BY-SA 4.0.2

Companies

Early life and education

  • 1918 to 1923Richmond Hill High School3

Trump's father, the German-born Frederick Trump (originally Friedrich), amassed considerable wealth during the Klondike Gold Rush by running a restaurant and brothel for miners. Friedrich returned to Kallstadt in 1901, and, by the next year, met and married Elizabeth Christ. They moved to New York City, where their first child, Elizabeth, was born in 1904. Later that year, the family returned to Kallstadt. Fred was conceived in Bavaria, where his parents wished to re-establish residency, but Friedrich was banished for dodging the draft. The family returned to New York on July 1, 1905, and moved to the Bronx, where Frederick Christ Trump was born on October 11, 1905. Fred's younger brother, John G. Trump, was born in 1907. All three children were raised speaking German at home. In September 1908, the family moved to Woodhaven, Queens.

Many details of Trump's childhood come from autobiographical accounts and emphasize independence, learning and especially hard work – to the point of being somewhat fictionalized. At the age of 10, Trump worked as a delivery boy for a butcher. About two years later, on Memorial Day, his father died in the 1918 flu pandemic, quite suddenly according to Fred. From 1918 to 1923, Fred attended Richmond Hill High School in Queens, while working as a caddy, curb whitewasher, delivery boy, and newspaper hawker. Meanwhile, his mother continued the real-estate business Friedrich had begun. Interested in becoming a builder, Fred put up a garage for a neighbor and took night classes in carpentry and reading blueprints; he reputedly studied plumbing, masonry, and electrical wiring via correspondence courses, although other biographical sources limit his construction education to the period after high school when he was also working in the field.

After graduating in January 1923, Trump obtained full-time work pulling lumber to construction sites. He studied carpentry and became a carpenter's assistant. Trump's mother held the business in her name until he reached 21, the age of majority. The company name "E. Trump & Son" appeared in advertising by 1924, by which year Trump ostensibly used an $800 loan from his mother to complete and sell his first house. Public records, however, do not support him building until 1927, the year the company was incorporated (and following Trump's 21st birthday). Trump purportedly built 19 more homes by 1926 in Hollis, Queens, selling some before they were finished to finance others. Investigative journalist Wayne Barrett posits that Trump exaggerated the length of his career in 1934 while arguing to a federal court why he should deserve to obtain a dissolved company's mortgage servicer and respective assets.

In 1927, Trump was arrested at a Ku Klux Klan demonstration, although there is no conclusive evidence that he supported the organization.

Read more

Rise to success

In 1933, Trump built one of New York City's first modern supermarkets, called Trump Market, in Woodhaven, Queens. It was modeled on Long Island's King Kullen, a self-service supermarket chain. Trump's store advertised "Serve Yourself and Save!" and quickly became popular. After six months, Trump sold it to King Kullen.

In federal court in 1934, Trump and a partner acquired the mortgage-servicing subsidiary of Brooklyn's J. Lehrenkrauss Corporation, which had gone bankrupt and had subsequently been broken up. This gave Trump access to the titles of many properties nearing foreclosure, which he bought at low cost and sold at a profit. This and similar real-estate ventures quickly brought him fame as one of New York City's most successful businessmen.

Trump made use of loan subsidies created by the Federal Housing Administration (FHA) not long after the program was initiated via the National Housing Act of 1934, which also enabled the discriminatory practice of redlining. By 1936, Trump had 400 workers digging foundations for houses that would be sold at prices ranging from $3,000 to $6,250. Trump used his father's psychological tactic of listing properties at prices ending in "... 9.99". In the late 1930s, he used a boat to advertise off Coney Island's shore; it played patriotic music and floated out swordfish-shaped balloons which could be redeemed for $25 or $250 towards one of his properties. In 1938, the Brooklyn Daily Eagle referred to Trump as "the Henry Ford of the home building industry". During this period, Trump predicted that he would profit from World War II. By 1942, he had built 2,000 homes in Brooklyn using FHA funds.

During the war, the federal Office of Production Management (established in 1941) allowed the use of FHA funding for defense housing in Bensonhurst, Brooklyn, owing to the proximity of the Brooklyn Navy Yard. Trump planned to build 700 houses there, which would have been both his and the state FHA office's biggest project to date, but following the attack on Pearl Harbor and the United States's declaration of war on Japan, the project was dissolved in favor of defense housing at the East Coast's naval nexus, Hampton Roads by Norfolk, Virginia, where Trump was already working on an apartment complex. Congress added a provision to the National Housing Act generating mortgage insurance for defense apartments, through which Trump was allowed to own the properties he built for war workers. By 1944, he had constructed 1,360 wartime apartments, almost 10% of the total created in Norfolk. He also built barracks and garden apartments for U.S. Navy personnel near major shipyards in Norfolk and Newport News, Virginia, as well as Chester, Pennsylvania.

Following the war, Trump expanded into middle-income housing for the families of returning veterans. From 1947 to 1949, he built Shore Haven in Bensonhurst, which included 32 six-story buildings and a shopping center, covering some 30 acres (12 hectares) and procuring him $9 million in FHA funding. In 1950, he built the 23-building Beach Haven Apartments over 40 acres (16 ha) near Coney Island, procuring him $16 million in FHA funds. The total number of apartments included in these projects exceeded 2,700.

Decades after hiring PR man Howard Rubenstein to generate press about his life story mirroring the rags-to-riches novels of 19th-century author Horatio Alger, in 1985, Fred was awarded the Horatio Alger Award (for "distinguished Americans"). Radio and television personality Art Linkletter introduced Trump at the ceremony, with Protestant minister Norman Vincent Peale's wife (and previous award recipient), Ruth Peale, presenting him the award. During his speech, Trump stated that the key to his success was enthusiasm for his work and that he "used to watch other successful people... that did good and that did bad and... followed the good qualities that they had". He then (apparently erroneously) attributed to William Shakespeare the saying "Never follow an empty wagon because", pointing to his cranium, "nothing ever falls off". He went on to introduce his surviving family.

From Wikipedia’s article on Fred Trump (this version), CC BY-SA 4.0.

Career

Occupation: real estate developer, entrepreneur, investor.5

Personal life

  • BornOct 11, 1905, The Bronx6
  • DiedJun 25, 1999, New Hyde Park7
  • CitizenshipUnited States8
  • ResidenceJamaica Estates, Queens9
  • SpouseMary Anne MacLeod Trump married 193610

Wealth and death

In 1976, Trump set up trust funds of $1 million ($5.3 million in 2023) for each of his five children and three grandchildren, which paid out yearly dividends. Trump appeared on the initial Forbes 400 list of richest Americans in 1982 with an estimated $200 million fortune split with his son Donald. That same year, Fred sold two Norfolk towers and some Hampton Roads military housing, the latter for $8–9 million, with perhaps $6.6 million pledged in promissory notes (which were apparently outstanding as of 2019). In 1998, a year before Fred's death, while he was suffering from Alzheimer's disease and his son Robert had power of attorney, the notes were transferred to limited liability companies connected to Trump Organization subsidiaries.

In December 1990, Donald Trump sought to amend his father's will, which according to Fred's daughter Maryanne Trump Barry, "was basically taking the whole estate and giving it to Donald", allowing him to "sell, do anything he wants... with the properties". The Washington Post wrote that this "was designed to protect Donald Trump's inheritance from efforts to seize it by creditors and Ivana", whom he divorced that month. Fred rejected the proposal, and in 1991, composed his own final will, which made his children Donald, Maryanne, and Robert Trump co-executors of his estate. Trump's lawyer noted that Fred Jr.'s children, Fred III and Mary L. Trump, would be treated unequally because they would not receive their deceased father's share: "Given the size of your estate, this is tantamount to disinheriting them. You may wish to increase their participation in your estate to avoid ill will in the future." In October 1991, Trump was diagnosed with "mild senile dementia", with his physician citing symptoms of "obvious memory decline in recent years" and "significant memory impairment". A few months later, another physician reported that Trump "did not know his birth date [or] age", amongst other difficulties. Mary L. Trump recounted that as her grandfather's dementia progressed, he failed to recognize people he had known for decades, including her and Donald. According to Fred III, his grandfather needed to be reminded why he was at Donald's 1993 wedding (to Marla Maples) despite being designated the best man. Donald claimed that he first noticed his father exhibit symptoms of Alzheimer's in the mid-1990s.

In 1993, the anticipated shares of Trump's estate amounted to $35 million for each surviving child. Most of his buildings were transferred to two grantor-retained annuity trusts under his and his wife's names, which were used to give about two-thirds of the assets to their four surviving children, who bought the remaining third via annuity payments between 1995 and November 1997. The collective assets had a declared value of only $41.4 million, but in 2004 were sold for over 16 times this value, avoiding hundreds of millions of dollars in gift taxes.

Trump finally fell ill with pneumonia and was admitted to Long Island Jewish Medical Center (LIJMC) for a few weeks, where he died at age 93 on June 25, 1999. A wake was held at Frank E. Campbell Funeral Chapel ahead of his funeral at the Marble Collegiate Church, which was attended by over 600 people. His body was buried in a family plot at the Lutheran-Christian All Faiths Cemetery in Middle Village, Queens. Upon his death, Trump's estate was estimated by his family at $250 million to $300 million, though he had only $1.9 million in cash. His will divided over $20 million after taxes among his surviving children and grandchildren. His widow, Mary, died on August 7, 2000, at age 88, also at LIJMC. Her and Fred's combined estate was then valued at $51.8 million.

Following Trump's death, Fred Jr.'s children contested their grandfather's will, citing his dementia and claiming that the will was "procured by fraud and undue influence" by Donald, Maryanne, and Robert Trump. These three had claimed in their legal depositions that Fred Trump was "sharp as a tack" until just before his death, but otherwise stated that they were aware of his cognitive decline. According to Mary L. Trump, Donald denigrated his father after Fred began demonstrating Alzheimer's symptoms.

In December 2003, it was reported that Trump's four surviving children would sell the apartments they acquired in 1997 to an investment group led by Rubin Schron, priced at $600 million; the sale occurred in May 2004. The 2016 leak of Donald Trump's tax information from 2005, which showed an income of $153 million, prompted The New York Times to investigate, leading to the 2018 exposé. The Times reported that the properties sold in 2004 were valued over 16 times their previously declared worth. Fred and Mary reportedly provided their children with over $1 billion altogether, which should have been taxed at the rate of 55% for gifts and inheritances over $550 million, but records show that a total of only $52.2 million (about 5%) was paid. According to New York State law, individuals can be prosecuted on the basis of intentional tax evasion if a fraudulent return form can be produced as evidence; the statute of limitations does not apply in such cases. By February 1, 2019, Maryanne Trump Barry was being investigated for possible judicial misconduct regarding the schemes, but this was mooted later in the month due to her retirement.

Read more

In May 1927, over 1,000 robed members of the Ku Klux Klan (KKK) and 400 non-robed KKK supporters infiltrated a Memorial Day parade in Queens, prompting stern police intervention. Eight men were arrested, including the 21-year old Trump, whose charge of "refusing to disperse from a parade when ordered to do so" was dismissed. Another man, arrested on the same charge, was released on the basis of having been a bystander (whose foot was injured by a police car). Some newspaper articles on the incident list Trump's address (in Jamaica, Queens), which he is recorded as living at on various documents from 1928 to 1940. Despite this arrest, there is no incontrovertible evidence that Trump was a supporter of the KKK.

Trump met his future wife, Mary Anne MacLeod, an immigrant from Tong, Lewis, Scotland, at a dance party in the early to mid-1930s. Trump told his mother the same evening that he had met his future wife. Trump, a Lutheran, married Mary, a Presbyterian, on January 11, 1936, at the Madison Avenue Presbyterian Church with George Arthur Buttrick officiating. A wedding reception was held at the Carlyle Hotel in Manhattan, and they had a single-night honeymoon in Atlantic City. The couple settled in Jamaica, Queens, and had five children: Maryanne Trump Barry (1937–2023), Fred Trump Jr. (1938–1981; an airline pilot with Trans World Airlines), Elizabeth Trump Grau (born 1942; a retired executive of Chase Manhattan Bank), Donald Trump (born 1946), and Robert Trump (1948–2020; a top executive of his father's property management company until his retirement).

During World War II, Trump began concealing his German ancestry. Notwithstanding his German accent (later replaced by a New York one), he denied that he spoke the language. Partly due to the prominence of Jews in New York, he supported Jewish causes, with contributions (apparently starting in 1941, two weeks after the U.S. entered the war) convincing some he practiced Judaism. Fred Jr.'s daughter, Mary L. Trump, later also claimed her grandfather was "quite anti-Semitic". He also omitted the "h" from his middle name (sidestepping the potential implication he could be antisemitic as a Christian). Trump later falsely claimed that he was of Swedish descent and in 1973 wrongly stated that he was born in New Jersey; these deceptions were sustained in the 1980s by Donald Trump and the author of Donald's first biography. During the 1980s, Fred became friends with the Israeli ambassador to the United Nations, Benjamin Netanyahu, later the prime minister of Israel.

After Elizabeth's birth, and with the U.S. becoming more involved in the war, Trump moved his family to Hampton Roads's Virginia Beach. In 1944, as Trump's FHA funding lulled, they returned to Jamaica Estates, Queens, where Mary suffered a miscarriage. By 1946, they were living in a five-bedroom Tudor-style house Trump built in Jamaica Estates, and Trump purchased a neighboring 0.5-acre (0.2 ha) lot, where he built a 23-room, 9-bathroom mansion. The family moved in during 1950–1951, and Fred and Mary remained there until their deaths. The couple was also given an apartment on the 55th (labelled the 63rd) floor of Donald's Trump Tower (c. 1983), which they rarely if ever used.

Trump was a teetotaler and an authoritarian parent, imposing strict table manners and curfews, as well as forbidding cursing, lipstick, and snacking between meals. At the end of his day, Trump would receive a report from Mary on the children's behavior and, if necessary, decide upon disciplinary actions. Additionally, the mansion featured a surveillance system and an intercom, which Trump used to censure his children. He took his children to building sites to collect empty bottles to return for the deposits. The boys had paper routes, but in bad weather he would let them make their deliveries in a limousine. Trump discouraged interests such as playing music. According to Fred Jr.'s daughter, Mary L. Trump, Fred Sr. wanted his oldest son to be "invulnerable" in personality so he could take over the family business, but Fred Jr. was the opposite. Trump instead coached Donald to become his business heir, telling him to "be a killer" and "You are a king." Mary L. Trump states that Fred Sr. "dismantled [Fred Jr.] by devaluing and degrading every aspect of his personality" and mocked him for his decision to become an airline pilot. In 1981, Fred Jr. died at age 42 from complications of alcoholism.

According to Donald Trump, while his mother was watching the 1953 coronation of Elizabeth II on television, Fred said while pacing around, "For Christ's sake, Mary. Enough is enough, turn it off. They're all a bunch of con artists." Also in the 1950s, Fred became an admirer of Norman Vincent Peale, the author of The Power of Positive Thinking (1952), due to his businesslike approach to life and Christianity. Trump and his family attended sermons by Peale at Manhattan's Marble Collegiate Church. Trump was also a supporter of Southern Baptist evangelist Billy Graham, taking his family to see Graham speak at Yankee Stadium (c. 1957).

From Wikipedia’s article on Fred Trump (this version), CC BY-SA 4.0.

Philanthropy

Fred and Mary Trump supported medical charities by donating buildings. After Mary received medical care at the Jamaica Hospital Medical Center, they donated the Trump Pavilion rehabilitation building; Fred was also a trustee of the hospital. The couple donated a two-building complex in Brooklyn as a home for "functionally retarded adults", a New Jersey building valued at $4.75 million to United Cerebral Palsy (which Donald took credit for), and other buildings to the National Kidney Foundation (NKF). Trump donated one of his least profitable properties to the NKF, which according to The New York Times was "one of the largest charitable donations he ever made", with a deduction proportional to its stated value, claimed in his 1992 tax return as $34 million.

Particularly after U.S. entry into World War II in late 1941, Trump backed both Jewish and Israeli causes. This included donating the land for the Beach Haven Jewish Center, a synagogue in Flatbush, Brooklyn, c. 1951, purchasing Israel Bonds (introduced in 1951) and serving as the treasurer of a 1952 Israel benefit concert featuring American easy-listening performers.

Fred supported the private Kew-Forest School, where his children attended and he served on the board of directors. The Trumps were active in The Salvation Army, the Boy Scouts of America, and the Lighthouse for the Blind. Fred reportedly also supported the Long Island Jewish Hospital and Manhattan's Hospital for Special Surgery; at the latter, he was a patient of orthopedist Philip D. Wilson Jr., the hospital's lead surgeon from 1972 to 1989.

Although he was registered as a Republican Party voter, Trump developed ties with the Democratic Party in New York, contributing to city politicians (including $2,500 to Mayor Wagner's 1961 campaign, enabling the construction of Trump Village). Together with Donald in the 1980s, Fred provided over $350,000 to city politicians including Mayor Ed Koch, Council president Andrew Stein, Controller Harrison J. Goldin, and four of the five borough presidents.

In October 2018, The New York Times reported in an exposé on Trump's financial records that they had found no evidence that he had made any significant financial contributions to charities.

From Wikipedia’s article on Fred Trump (this version), CC BY-SA 4.0.