Trump Is Trying to Dissolve His Family Foundation While Still Under Investigation

Saul Bowman
November 22, 2017

After Mr. Trump won, he directed his lawyers to begin the process of closing the foundation to avoid conflicts of interest.

The Trump Foundation was paid more than $158,000 by The Trump National Golf Club in Westchester County, N.Y. a year ago as a reimbursement for a lawsuit settlement against the club, a new tax filing reveals.

The Trump Foundation, Donald Trump's charitable organization, has been a source of controversy for the entirety of his political career. In it, the foundation announced "its intent to dissolve and is seeking approval to distribute its remaining funds to highly qualified and important section 501 (c)(3) charities".

Schneiderman's press secretary, Amy Spitalnick, noted that the Trump Foundation could not fully dissolve until the state investigation into its activities had concluded.

A spokesperson for the NY attorney general's office said the foundation can not shut down because it's now under investigation.

The foundation can't close yet, though, because it is still under investigation by the New York Attorney General's Office.

The foundation admitted to violating the self-dealing law, in which a nonprofit's leaders, such as Trump or his agents, are prohibited from channeling funds to their businesses, families, or themselves, NBC News said.

Trump had reportedly used $300,000 in charitable donations to his foundation to help settle lawsuits for his private businesses or to purchase items at charity auctions.

"The Foundation looks forward to distributing its remaining assets at the earliest possible time to aid numerous worthy charitable organizations", the spokesperson added.

His charity in 2016 received contributions earmarked for tax-exempt veterans organizations "as a result of a fundraiser held by a candidate for public office", the tax filing said in an apparent reference to Trump. While Trump had not donated to the charity since 2008, he had drawn money from it for personal uses. Trump has said he will shutter the foundation when Schneiderman's investigation is completed. During that year's presidential race, the charity made more donations than it had from 2012 through 2015 combined.

Popularly known as J.J. Cafaro, he was convicted in 2002 of paying a bribe to former Ohio Rep. James Traficant.

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