Trump says he will dissolve charitable foundation amid New York investigation

President-elect Donald Trump said on Saturday he intends to dissolve his charitable foundation, the Donald J. Trump Foundation, which is currently under investigation by the New York attorney general. New York Attorney General Eric Schneiderman in October directed the foundation to stop taking donations because he said it violated state law requiring charitable organizations to register with a state office. The order followed a series of reports in The Washington Post that suggested improprieties by the foundation, including using its funds to settle legal disputes involving Trump businesses. A spokeswoman for the attorney general’s office said on Saturday that Trump cannot shutter the foundation while the investigation is ongoing.

“The Trump Foundation is still under investigation by this office and cannot legally dissolve until that investigation is complete.”

“The announcement that the foundation will be shut down is a necessary first step for the incoming administration to avoid massive ethics problems. The foundation’s past instances of wrongdoing must be fully investigated and president-elect Trump must sell his businesses and take comprehensive steps to prevent conflicts of interest for him and his administration.” Noah Bookbinder, executive director of the Washington based-Center for Responsibility and Ethics in Washington.