Donald Trump Is Shutting Down His Charitable Foundation - NBC 10 Philadelphia
President Donald Trump

President Donald Trump

The latest news on President Donald Trump's presidency

Donald Trump Is Shutting Down His Charitable Foundation

The move fulfills a promise Trump made last December

    processing...

    NEWSLETTERS

    Donald Trump Is Shutting Down His Charitable Foundation
    AP, File
    President Donald Trump speaks during a cabinet meeting at the White House, Wednesday, Nov. 1, 2017, in Washington.

    President Donald Trump's charitable foundation, which last year admitted violating federal rules on "self-dealing," is in the process of dissolving, according to newly filed documents reviewed by NBC News.

    The move fulfills a promise Trump made last December, when he said he would wind down the Donald J. Trump Foundation to avoid conflicts of interest. New York's attorney general ordered the foundation to stop soliciting contributions in October 2016.

    "The foundation announced its intent to dissolve and is seeking approval to distribute its remaining funds" to other charities, according to its 2016 Internal Revenue Service filing, filed this month and uploaded to the website of charity watchdog Guidestar.org by the foundation.

    At the end of 2016, the foundation had assets of about $970,000, the document shows.

    Senators Vow to Act If Khashoggi Killed by Saudis

    [NATL] Senators Vow to Act If Khashoggi Killed by Saudis

    Some members of Congress say the U.S. must act against Saudi Arabia if the country's leaders are responsible for the killing of journalist Jamal Khashoggi, but they differ on exactly what that action would entail.

    (Published Thursday, Oct. 18, 2018)