He cited conflict of interest concerns.
President-elect Donald Trump will close his personal charity as part of his transition to the White House.
Carlos Barria / Reuters
He said he plans to "continue to pursue my strong interest in philanthropy in other ways.”
"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.
He added that he is "proud" that all of the money that has been donated on behalf of the foundation, saying it was "100%" of the group's revenue.
"...Because 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.
The foundation is currently under investigation by the New York attorney general's office over its business practices. A spokeswoman for the office told the Washington Post the foundation can't close until the probe ends.
“The Trump Foundation is still under investigation by this office and cannot legally dissolve until that investigation is complete,” spokeswoman Amy Spitalnick said.
from BuzzFeed - USNews http://ift.tt/2i5QXyI
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