Trump Honors Promise to Dissolve Donald J. Trump Foundation

By Correll, Diana Stancy | Examiner (Washington, D.C.), The, November 20, 2017 | Go to article overview

Trump Honors Promise to Dissolve Donald J. Trump Foundation


Correll, Diana Stancy, Examiner (Washington, D.C.), The


The Trump family's charitable foundation, the Donald J. Trump Foundation, is closing down, according to a new report.

President Trump promised last December the foundation would be shut down due to conflicts of interests and New York's attorney general instructed the foundation cease seeking contributions last fall.

"The foundation announced its intent to dissolve and is seeking approval to distribute its remaining funds," to charity, according to a 2016 Internal Revenue Service filing from earlier this month and uploaded to the website of charity watchdog, Guidestar.org, NBC News first reported.

Last year, the foundations had assets amounting to approximately $970,000.

The foundation confessed money from the foundation had been transferred to Trump, who was prohibited from receiving money from the foundation, tax filings from 2015 reveal. …

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Trump Honors Promise to Dissolve Donald J. Trump Foundation
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