Donald Trump plans to shut down his charitable foundation, which has been under scrutiny for months

[DonViejo]

Source: The Washington Post

By Mark Berman and David A. Fahrenthold December 24 at 4:28 PM

President-elect Donald Trump said he plans to shut down his charitable foundation, a decision that comes after repeated controversies over how it collected and disbursed funds.

In a statement Saturday, Trump offered no timeline for when his foundation would close down, but said he had directed his attorney to take the steps needed to close the 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," Trump said in the statement. "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."

The Donald J. Trump Foundation has come under intense scrutiny this year after a series of reports in The Washington Post detailing its practices, including cases in which Trump apparently used the charity's money to settle lawsuits involving his for-profit businesses.

Read more: https://www.washingtonpost.com/news/post-politics/wp/2016/12/24/donald-trump-plans-to-shut-down-his-charitable-foundation-which-has-been-under-scrutiny-for-months/?utm_term=.316bb43d2330&wpisrc=al_alert-COMBO-politics%252Bnation

[onecaliberal]

1. Yeah when he's dead.

[TomCADem]

2. BFD - What about his business conflicts?

This makes no sense. At least the foundation has funds that should not directly profit Trump. However, what about foreign powers cutting deals with Trump's businesses such that the money given directly profits Trump?

Put another way, if someone donates to Trump's charity where the money nominally is not given directly to Trump that is not permissible. However, if you give money to a Trump business that he personally profits from, that is okay.

[ghostsinthemachine]

5. Gotta love circular logic

Better to shut the (?)charity, but continue to do business as usual.

[Dustlawyer]

12. I bet he closes it down and pockets the money!

[Yo_Mama_Been_Loggin]

25. Hasn't he always pocketed the money?

[They_Live]

3. Hey Trump - prove it! release your taxes!

What's that? Too scared? Are you lying again?

[chowder66]

4. Bullshit. He probably has to close it due to it being a scam to buy paintings of himself. nt

[mercuryblues]

6. didn't his

"charity" all ready get a cease and desist letter from the AG of new York?

[japple]

7. "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."

What a joke. His only philanthropy is giving gifts to himself. We know what kind of shape the US economy will be in when he and President Putin leave office. The treasury will have been raided to pay off his debts to the Russian businessmen who gave him loans.

[mobeau69]

18. "To avoid even the appearance of any conflict of interest"

The same standard should apply to his business interests.

Where are the bastards taxes?

[bucolic_frolic]

8. Only because

trump's version of political correctness needs a hint of credibility

and this way the records can be deep-sixed

[TNNurse]

9. Was it ever a real charity?

Did it ever really help anyone??

[japple]

20. tRump WAS the charity. It was given to him. Oh, he might have dribbled

a little to the veterans or the children, but it was a slush fund for his rumpiness.

[Vinca]

10. Who will pay for his sports memorabilia????

[forgotmylogin]

11. See...this should have been his first order of business

Before picking his teams for Red Rover, he should have taken this time getting his own affairs in order.

[Freethinker65]

13. He now has a bigger tax free slush fund for his person gain

[jmowreader]

14. Yeah, right

The Scumbag in Chief's talk with his son Barron (incidentally, did Donald Trump REALLY name his kid after a financial magazine? That's as bad as Sarah Palin naming HER children after snowmobile parts!)...

"Son, today I'm going to tell you about Philanthropy. That's where we take money from the rich and give it to the poor."
"Who's the poor, Daddy?"
"We're the poor."

[cstanleytech]

15. I hope this wont stop the investigation and the pursuit of any criminal charges against anyone. nt

[moondust]

16. "investigation will continue until done"

says AG Schneiderman, according to NBC Nightly News just now.

[eppur_se_muova]

17. OMG ! Surely the Clinton Foundation is worse !!

[iluvtennis]

19. Meaningless as it is known that Traitor Trump's foundation donates other ppls money, not his own...

Read it & weep -http://wapo.st/2ipZnl6

[GoCubsGo]

21. Just like a meth dealer flushing his supply down the toilet

as the police come through the front door.

[pbmus]

22. Will still be investigated even though they are

Shredding everything that can go into a shredder machine

[sarah FAILIN]

23. I just posted the truth if this situation on a local TV stations fb

I was confronted by a Trumper saying what I said couldn't possibly be true or the real media would be all over it. The man supposedly has a journalism degree from UAB, lol! I posted links from the BBC and he blamed the AG being a dem for the investigation

[TexasBushwhacker]

24. Translation- "I can't use other people's money to pay my bills anymore"

I'm sure he'll be getting the taxpayers to pay for the big portraits of himself and the signed football helmets.

[Thinkingabout]

26. Trump charitable foundation better known as "Pay to Play" with other people's money.

[iluvtennis]

27. Donald Trump Foundation remains under investigation and cannot be dissolved, N.Y. official says

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[Mc Mike]

28. No timeline, eh?

He promises, like he promised "donations" to military charities from his hyuge successful fundraiser. Like his promise to self-fund his campaign, and his promise to forgive the loans he made his campaign. Like he promised to release his tax info.

He'll lie blatantly, any time, to get him through any brief moment where accountability is being publicly demanded of him.

[EricMaundry]

29. Andy Borowitz

"Trump's decision to dissolve the Trump Foundation, which is under investigation, is roughly the equivalent of a drug dealer flushing meth down the toilet before the police break down the door."

[annabanana]

30. He CAN'T!!

According to today's paper, NY Atty Gen Eric Schneiderman said that, being currently under investigation, He's not ALLOWED to close the Foundation.

Those books are OURS!