Trump Makes Decision About Foundation


It’s official – on Saturday, President-elect Donald Trump made the announcement that he will be disassembling his charitable foundation following accusations of possible conflicts of interest:

“The Foundation has done enormous good works over the years in contributing millions of dollars to countless worthy groups, including supporting veterans, law enforcement officers and children. However, to avoid even the appearance of any conflict with my role as President I have decided to continue to pursue my strong interest in philanthropy in other ways.”
However, New York Attorney General Eric Schneiderman does not believe terminating the foundation is enough. A spokesperson for his office, Amy Spitalnick, stated the Donald J. Trump Foundation cannot cease operations until the current probe into the organization is finalized. “The Trump Foundation is still under investigation by this office and cannot legally dissolve until that investigation is complete,” said Spitalnick.
“I am very proud of the money that has been raised for many organizations in need, and I am also very proud of the fact that the Foundation has operated at essentially no cost for decades, with 100% of the money going to charity,” Trump said Saturday. “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, I don’t want to allow good work to be associated with a possible conflict of interest.”
The foundation itself has given more than $13 million to charity since it was founded. Eric Trump is also shutting down his own foundation, which benefits children suffering from cancer.

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