U.S President-elect Donald Trump said on Saturday he has made plans to dissolve his charitable foundation: The Donald J. Trump Foundation. The said Trump Foundation is currently under investigation by the New York attorney general . . .
According to Reuters, Trump gave no timeline for winding down the foundation, but said in a statement that he wanted “to avoid even the appearance of any conflict with my role as President.”
New York Attorney General Eric Schneiderman in October directed the foundation to stop taking donations because he said it violated state law requiring charitable organizations to register with a state office.
The order followed a series of reports in The Washington Post that suggested improprieties by the foundation, including using its funds to settle legal disputes involving Trump businesses.
A spokeswoman for the attorney general’s office said on Saturday:
“The Trump Foundation is still under investigation by this office and cannot legally dissolve until that investigation is complete,” spokeswoman Amy Spitalnick said. She would not comment on expected timing for completing the investigation.
Saying he intends to shutter his personal foundation, Trump said:
“But because I will be devoting so much time and energy to the Presidency and solving the many problems facing our country and the world,” he added in his statement, “I don’t want to allow good work to be associated with a possible conflict of interest.”
– Donald J. Trump, President-elect United States of America
The U.S. President-elect will take office on Jan 20, 2017 on the balcony of the United States Congress building in Washington DC., on Capitol Hill.
© 2016 MadjackMedia