Update!

Stephen Colbert's Million-Dollar Offer Might Leave a Bad Taste in Donald Trump’s Mouth

The Colbert Report’s host counters the Celebrity Apprentice star’s proposition to President Obama

By John Boone Oct 25, 2012 7:10 PMTags

Stephen Colbert has a big offer for Donald Trump. Well, the size isn't what matters, it's how you use 'em, right? But either way, the Colbert Report newsman is ready to pony up some big-time cash.

Colbert was "so moved" by Trump's "generous offer" to donate five million dollars to the charity of President Barack Obama's picking (if he releases his college records and passport application) that Colbert has an offer of his own:

One million dollars from Colbert's Super PAC to the charity of the Donald's choice—"Save the children. Feed the children. Put the children on Child Apprentice. Whatever."—if Colbert can "dip" his, uh, little Colberts in Trump's mouth.

It's as simple as that. Trump has until 5 p.m. on Oct. 31 to decide, but Colbert sums it up best: "Nothing would make me happier than to write this check. And nothing would make America happier than having something go into your mouth instead of coming out of it."

UPDATE: Save the Children president and CEO Carolyn Miles thought Colbert's proposition was a great idea and is encouraging Trump to put his money where the Colbert Report host's...er...

"Thank you for bringing kids into this year's presidential election debate," Miles wrote to Colbert. "No buts about it—$1 million will create a much-needed bounce in kids' lives. The balls are now in in Mr. Trump's court. We hope he takes your proposition tongue-in-cheek. It will be huge if he matches your generous offer. We're confident you'll both strike a deal that says #Ivote4kids."