President-elect Donald Trump said on Saturday he intends to dissolve his charitable foundation, which is currently under investigation in ((northeastern)) New York state, in an effort to avoid any conflicts of interest before he takes office in January.
Trump gave no timeline for closing the Donald J. Trump Foundation.
Since he won the November 8 presidential election, Trump’s vast portfolio of U.S. and overseas business interests as well as his foundation have come under increased scrutiny.
“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,” Trump said in a statement Saturday.
“However, to avoid even the appearance of any conflict with my role as president I have decided to continue to pursue my strong interest in philanthropy in other ways,” it continued.
SOURCE: VOA News Online