As all of his conflicts of interest are becoming increasingly concerning, Trump announced on Saturday that he would be dissolving his charitable foundation to settle any conflict of interest it presents ahead of his presidency.
President-elect Donald Trump appointed an experienced hand from the George W. Bush era to his national security circle Tuesday and a figure from the Trump Organization to make global deals. The foundation was not going to be able to continue whatever work Trump claims it is doing.
But extensive reporting over the past year has shown those claims to be untrue. Instead, most of the foundation's funding, about $9.5 million, has come from outside donors, including Vince and Linda McMahon, the professional wrestling tycoons.
And as Fahrenthold reported during the campaign, not all of the money was exclusively for charitable purposes.
The problem, though, was that much of what Trump said about his foundation was either exaggerated or flat out untrue, something that is now widely known thanks to the dogged reporting of The Washington Post'sDavid Fahrenthold.
The regulations forbid self-dealing by a charity. The news follows a decision by his second son Eric Trump to suspend operations of his charityafter a nonprofit that he and his brother Donald Trump Jr. lead received negative attention for auctioning off access to the president-elect.
"So if Trump is using this money basically to save his businesses, the money isn't helping people. However, to avoid even the appearance of any conflict with my role as President I have chose to continue to pursue my strong interest in philanthropy in other ways", Trump was quoted as saying.
Donald Trump's announcement that he will shutting down his charitable foundation in an effort to avoid conflict of interest laws is being met with push-back from New York's Attorney General who reminded the president-elect that he and it are still under investigation.
The foundation also donated USD25,000 to the attorney general of Florida in 2013 as she was considering filing fraud charges against Trump University. It is now under investigation by the NY attorney general.
On November 8, 2016, he made history by securing the win for the Republican Party in an unexpected landslide against Hillary Clinton the nominee for the Democrats. The beginning of the end was the terrible Iran deal, and now this (U.N.)!
In an interview with a television station in his home state of Rhode Island over the weekend, Spicer said to expect Trump to continue to go directly to the public via social media rather than relying on traditional filters like the White House press office and the media. And I think this is the first time he's really grappled with that in a serious way. If you've ever heard the words "Clinton Foundation", you know how it works. While Hillary Clinton ran an nearly uniquely bad campaign that was loaded with inexplicable unforced errors.
Trump also said he would promote philanthropic efforts in various other ways, but didn't elaborate on how he would do so. "The Foundation's fundraising activities remain suspended following the AG's notice of violation earlier this year". "He loves these kids, has raised millions of dollars for them, and now must stop".