Trump’s Charitable Foundation Is Shutting Down

Trumps Charitable Foundation Is Shutting Down 1President Trump is shutting down his eponymous charitable foundation. In its 2015 tax filing, the Donald J. Trump Foundation admitted to violating rules against “self-dealing,” which prohibits nonprofit leaders from directing charity money to themselves, their families, or their businesses, NBC News reports. In October 2016, the New York attorney general demanded the foundation cease asking for contributions, and two months later, Trump said he would start winding down operations to avoid conflicts of interest. A spokeswoman for the New York attorney general’s office said the foundation won’t be able to shut down until the probe is over. The foundation’s 2016 IRS filing, filed this month, states it had assets of close to $970,000.