Donald Trump said on Saturday that he will dissolve his charitable foundation amid efforts to eliminate any conflicts of interest before he takes office next month. Trump released this statement as New York attorney general’s office investigates the foundation following reports that the foundation spending went to benefit Trump’s campaign.
However Trump clarified in a statement that the foundation operated at essentially no cost for decades, with 100 percent of the money going to charity. He mentioned that due to his hectic schedule during his presidency and his devotion to the task, he doesn’t want that good work to be associated with a conflict of Interest.
However, a 2015 tax return posted on the non-profit monitoring website GuideStar shows the Donald J. Trump Foundation acknowledged that it used money or assets in violation of IRS regulations not only during 2015, but in prior years. However, the tax filing does not provide any further details on the violations.
Trump said he will pursue philanthropic efforts in other wars, but didn’t elaborated on how he’d do so. Read the full article here.