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"passing off" implies trying to spend it yourself, knowing it's fake. which isn't happening here.
I'm not sure why you think giving money to a homeless person isn't spending it, but it is.
I don't see where any of the definitions here apply: https://dictionary.cambridge.org/us/dictionary/english/spending
So you are arguing that donating knowingly fake money to any sort of cause is legal? If you give the American Cancer Society $10,000 in Hollywood money, not letting them know it's fake, and then admit it, there's no legal issue there because it isn't spending?
"Its simple. Its not illegal, because I support it. Duh."
Of course since its a politician even if it did go to court this will probably pass as a valid legal argument that gets him off the hook. I'd think it would AT LEAST fall under some sort of entrapment or conspiracy or something, but since its a trumper nothing will probably happen.