The Donald J. Trump Foundation will close and give away all its remaining funds under judicial supervision amid a lawsuit accusing the charity and the Trump family of using it illegally for self-dealing and political gain, the New York attorney general’s office announced Tuesday.
Thirteen days after winning the presidential election, Donald Trump announced on Twitter that no one should worry about the potential conflicts of interest he could face over his range of global properties because everyone knew about them when they elected him. He blamed any questions of impropriety on the media for reporting on them..
President-elect Donald Trump’s charitable foundation has admitted to the IRS that it violated a legal prohibition against “self-dealing,” which bars nonprofit leaders from using their charity’s money to help themselves, their businesses or their families. The foundation checked “yes” on the IRS tax filing form for 2015 when asked if it had transferred “income or assets to a disqualified person.”
Mr. Trump has cultivated the persona of a generous man, repeatedly claiming on television he would donate to charity “out of my wallet” and accepting honors from groups he appeared to support. In fact, an exhaustive investigation by Post reporter David A. Fahrenthold shows that Mr. Trump retooled his foundation about a decade ago to act as an intermediary for other people’s charitable giving, a racket from which Mr. Trump gained in reputation and from which he may even have occasionally profited.