Donald Trump Defends Foundation: ‘100% of Money Goes to Wonderful Charities’

President-elect Donald Trump speaks during a thank you rally in Ladd-Peebles Stadium on December 17, 2016 in Mobile, Alabama. President-elect Trump has been visiting several states that he won, to thank people for their support during the U.S. election. (Photo by
Mark Wallheiser/Getty Images

President-elect Donald Trump is defending his charitable foundation on Twitter, just days after he announced he would dissolve the foundation due to possible conflicts of interest once he enters the White House.

Trump said that in order “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.”

He added that his lawyers are going to “take the necessary steps to effectuate the dissolution.”

But the New York State Attorney General Eric Schneiderman, who ordered the foundation to stop raising money in October, said Trump cannot dissolve his foundation yet.

“The Trump Foundation is still under investigation by this office and cannot legally dissolve until that investigation is complete,” read a statement from Schneiderman’s office.

Schneiderman also previously filed charges against Trump University, but reached a settlement with Trump last month.


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