President-elect Donald Trump will close his foundation, he announced on Saturday.
The decision is part of a series of moves that appear aimed at resolving some of the most glaring potential conflicts of interest that his business and philanthropic empire poses. But he’s still stopping short of what top ethics experts recommend, The New York Times reported on Saturday.
The businessman plans to donate the holdings of the Trump Foundation, his charity fund, and then disband it, a change first reported by the Times. The news follows a decision by his second son Eric Trump to suspend operations of his charity after a nonprofit that he and his brother Donald Trump Jr. lead received negative attention for auctioning off access to the president-elect.
But not so fast…
— David Fahrenthold (@Fahrenthold) December 24, 2016