Trump says he’s closing foundation, but Democrats want more

WEST PALM BEACH, Fla. — President-elect Donald Trump says he will dissolve his charitable foundation before taking office to avoid conflicts of interest. The Democratic Party says that’s not enough and is calling for the billionaire businessman to put his assets in a blind trust.

The New York attorney general’s office has been investigating the foundation following media reports that foundation spending went to benefit Trump’s campaign. A spokeswoman says the foundation cannot close until the investigation is complete.

Trump said in a statement Saturday that he has directed his counsel to take the necessary steps to implement the dissolution of the Donald J. Trump Foundation, saying that it operated “at essentially no cost for decades, with 100 percent of the money going to charity.”

“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,” he said in a statement.

“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,” he said.

Trump said he will pursue philanthropic efforts in other ways, but he didn’t elaborated on how he’d do so.

The Democratic National Committee criticized Trump for

Article source: https://www.washingtonpost.com/business/trump-says-he-will-dissolve-foundation-amid-ny-investigation/2016/12/24/18991690-ca36-11e6-acda-59924caa2450_story.html

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