Donald Trump plans to shut down his charitable foundation, which has been under scrutiny for months
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
(32,882 posts)TomCADem
(17,390 posts)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
(3,569 posts)Better to shut the (?)charity, but continue to do business as usual.
Dustlawyer
(10,497 posts)Yo_Mama_Been_Loggin
(108,136 posts)They_Live
(3,239 posts)What's that? Too scared? Are you lying again?
chowder66
(9,074 posts)mercuryblues
(14,537 posts)"charity" all ready get a cease and desist letter from the AG of new York?
japple
(9,838 posts)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
(11,152 posts)The same standard should apply to his business interests.
Where are the bastards taxes?
bucolic_frolic
(43,252 posts)trump's version of political correctness needs a hint of credibility
and this way the records can be deep-sixed
TNNurse
(6,929 posts)Did it ever really help anyone??
japple
(9,838 posts)a little to the veterans or the children, but it was a slush fund for his rumpiness.
Vinca
(50,300 posts)forgotmylogin
(7,530 posts)Before picking his teams for Red Rover, he should have taken this time getting his own affairs in order.
Freethinker65
(10,033 posts)jmowreader
(50,562 posts)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
(26,314 posts)moondust
(20,002 posts)says AG Schneiderman, according to NBC Nightly News just now.
eppur_se_muova
(36,281 posts)iluvtennis
(19,868 posts)Read it & weep -http://wapo.st/2ipZnl6
GoCubsGo
(32,086 posts)as the police come through the front door.
pbmus
(12,422 posts)Shredding everything that can go into a shredder machine
sarah FAILIN
(2,857 posts)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
(20,209 posts)I'm sure he'll be getting the taxpayers to pay for the big portraits of himself and the signed football helmets.
Thinkingabout
(30,058 posts)iluvtennis
(19,868 posts)[img][/img]
Mc Mike
(9,115 posts)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
(1,619 posts)"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
(52,791 posts)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!