To conceal conflict of interest, Donald Trump dissolves foundation

Updated: 26 December, 2016 10:14 IST | Agencies |

DNC calls move, ‘a wilted fig leaf to cover up his remaining conflicts’

Donald Trump said the foundation operated ‘at essentially no cost’
Donald Trump said the foundation operated ‘at essentially no cost’

West palm beach: President-elect Donald Trump yesterday said he would dissolve his charitable foundation amid efforts to eliminate any conflicts of interest before he takes office next month.

The revelation comes as the New York attorney general’s office investigates the foundation following media reports that foundation spending went to benefit Trump’s campaign.

Trump said in a statement that he has directed his counsel to take the necessary steps to implement the dissolution of the Donald J Trump Foundation, saying that it operated “at essentially no cost for decades, with 100 per cent of the money going to charity.”

“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.

Trump said he will pursue philanthropic efforts in other ways, but didn’t elaborate on how he’d do so.

The Democratic National Committee criticized Trump for what it called “a wilted fig leaf to cover up his remaining conflicts of interest and his pitiful record of charitable giving.”

First Published: 26 December, 2016 10:09 IST

Sign up for all the latest news, top galleries and trending videos from

loading image
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK