28 dec. 2016
dissolve the Trump Foundation
President-elect Donald Trump will dissolve the Trump Foundation, the charitable foundation in his name.
"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," Trump said in a statement.
The foundation has been the subject of much criticism, including allegations Trump spent money from the foundation to settle some legal disputes.
The foundation admitted to violating IRS rules by improperly giving money to someone close to the organization, according to a recent federal income tax filing.
The foundation is under investigation by the New York State attorney general's office. In its 2015 tax returns, the foundation reported having assets of $1,115,991.
dissolve the Trump Foundation
President-elect Donald Trump will dissolve the Trump Foundation, the charitable foundation in his name.
"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," Trump said in a statement.
The foundation has been the subject of much criticism, including allegations Trump spent money from the foundation to settle some legal disputes.
The foundation admitted to violating IRS rules by improperly giving money to someone close to the organization, according to a recent federal income tax filing.
The foundation is under investigation by the New York State attorney general's office. In its 2015 tax returns, the foundation reported having assets of $1,115,991.
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