In a statement, Trump said he would close his controversial charitable foundation "to avoid even the appearance of any conflict" with his role as president.
But Trump can't shut down the foundation yet, not while the New York AG is investigating the foundation based on reports of sketchy activity.
"The Trump Foundation is still under investigation by this office and can not legally dissolve until that investigation is complete", Spitalnick said in a statement to ABC News. Nonprofit law experts told TPM that in order for that to happen, Schneiderman's office would need to determine that all of the Trump Foundation's outstanding taxes were paid, that all funds were properly used by the foundation and that all remaining assets are put toward charitable purposes. The investigation began after a $25,000 donation was made to a campaign fundraising group representing Florida Attorney General Pam Bondi. He added soon after that "100%" of the millions raised went to "wonderful charities".
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Last week, Trump announced that he would dissolve the DJT Foundation which has been recently been embroiled in an ongoing controversy over potential conflicts of interest.
But when it comes to Trump's conflicts, his foundation was hardly at the top of the list of concerns: it's his for-profit enterprises that are the basis for most of the controversies. "And we have been concerned that the Trump Foundation may have engaged in some impropriety from that point of view". He said he supports Trump because "Trump is a wild card, and I'll take a wild card over unworthy anytime". Instead of reaching into his personal piggybank, Trump settled the lawsuit using his foundation's money.
When ABC News asked the Trump campaign for a response to the Attorney General's office statement about how they would not allow any dissolution to take place while the foundation is under investigation, Trump spokeswoman Hope Hicks pointed back to their original statement announcing plans to dismantle the foundation, saying via email: "As the statement says, 'Mr".