Hahaha. He didn't worry about conflicts of interest on his hotels and golf courses. And he didn't "wind down" the Foundation for that reason. He did it so people wouldn't be able to dig up any more stories about the fraudulent enterprise it was.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.
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In its previous tax filing in 2015, the foundation acknowledged violating a legal prohibition against a "self-dealing" that bars nonprofit leaders from funneling their charity's money to themselves, their businesses or their families.
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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.
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"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 in December. "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."
The statement did not clarify the means in which he planned to continue his charitable interests.
NBC
And because it wasn't allowed to collect any more money!New York's attorney general ordered the foundation to stop soliciting contributions in October 2016.
Maybe some legal bills."The Foundation looks forward to distributing its remaining assets at the earliest possible time to aid numerous worthy charitable organizations."
The attorney general's press secretary, Amy Spitalnick, said the foundation can't close just yet, however. "As the foundation is still under investigation by this office, it cannot legally dissolve until that investigation is complete," said Spitalnick.
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