President-elect Donald Trump says he will dissolve his charitable foundation before taking office to avoid conflicts of interest. The Democratic Party says that's not enough and is calling for the billionaire businessman to put his assets in a blind trust.
The New York attorney general's office has been investigating the foundation following media reports that foundation spending went to benefit Trump's campaign. A spokeswoman says the foundation cannot close until the investigation is complete.
Trump said in a statement Saturday that he has directed his counsel to take the necessary steps to implement the dissolution of the Donald J. Trump Foundation, saying that it operated "at essentially no cost for decades, with 100 percent of the money going to charity."