Published: Wed, November 22, 2017
Global News | By Stacy Ballard

Donald Trump Shutting Down Charitable Foundation

Donald Trump Shutting Down Charitable Foundation

But he was blocked by New York State Attorney General Eric Schneiderman, who had started investigating the foundation nearly three months earlier for raising money in New York without registering as a charity there.

Trump announced in December 2016 he would close the foundation, "to avoid even the appearance of any conflict of interest".

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President Trump's charitable foundation increased its fund-raising and giving during his campaign past year, even as it became the subject of criticism that prompted a decision to dissolve it, according to paperwork submitted this month to the I.R.S.

The Trump Foundation is President Trump's private charity foundation based in New York, and is now under investigation by New York Attorney General Eric Schneiderman (D) into how it collects and disburses funds. A disqualified person could be Trump - the foundation's president - or a member of his family or a Trump-owned business, The Post reported.

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A spokesperson for the foundation confirmed to NBC News that it is being shuttered. In 2016, it became clear that his charity violated federal rules on "self-dealing", in which nonprofit leaders give some of their charity's money to themselves, their businesses or their families.

However, that doesn't actually mean the Trump Foundation is no more. The investigation must be completed before finally closing it down.

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A spokesperson for the foundation said that the remaining money within the charitable organization would be transferred to other causes. "When Trump's Mar-a-Lago club racked up $120,000 in fines from the town of Palm Beach, Florida for violating a local ordinance regarding the height of flagpoles, Trump eventually settled the dispute by agreeing to a $100,000 donation to a veterans' charity - and then had his foundation rather than the club pay the tab". It also showed that the foundation donated $3 million last year, more than it had given in the previous three years combined.

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