Trump National Golf Club Bedminster
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FAST FACTS Underlying Assets: Golf Club Location: Bedminster, NJ Purchase Date: October, 2002 Purchase Price: $35 million or less Reported Value: $50 million or more Reported Income: $20,572,150 Website: trumpnationalbedminster.com OVERVIEW Trump purchased an unfinished golf course at Bedminster in 2002 for less than $35 million. Trump purchased the course from Fairways International, which had bought the land from the bankrupt estate of carmaker John DeLorean. Trump claimed that the course was worth $50 million or more in his 2016 financial disclosure. Trump has reported income of $20,572,150 for the course. Trump has lowered his property taxes by grazing goats on the course in order to claim a local farmland tax exemption. Trump seems especially fond of his course at Bedminster. Trump applied to local zoning officials for permission to build a family crypt on the course in 2007. The proposal was later withdrawn, but the Trump Organization resubmitted plans for a cemetery in March of 2017. Trump's golf club in Bedminster is one of several Trump properties that has applied to hire foreign seasonal workers through the H2B visa program. OWNERSHIP STRUCTURE Trump National Golf Club - Bedminster:
100% owned by LFB Acquisition LLC
1% owned by LFB Acquisition Member Corp.
100% owned by Donald J. Trump
99% owned by DJT Holdings LLC
99% owned by The Donald J. Trump Revocable Trust
1% owned by DJT Holdings Managing Member LLC
100% owned by The Donald J. Trump Revocable Trust
The Donald J. Trump Revocable Trust is managed for the "exclusive benefit" of Donald Trump.
The P.G.A. announced in 2014 that Trump National Golf Club Bedminster would host the 2022 PGA Championship. 
Footnotes and Citations
“The P.G.A. of America provided the developer Donald Trump with a double gift, announcing that it had awarded the 2017 Senior P.G.A. Championship to Trump National Golf Club in Washington, and the 2022 P.G.A. Championship to Trump National Golf Club in Bedminster, N.J. (New York Times, May 2, 2014)”