Like Trump University, Trump Airlines, Trump magazine, Trump Steaks, and Trump Vodka, The Donald J. Trump Foundation will soon cease to exist — except this time, the shutdown is planned.
In its 2015 tax filing, the charitable 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 in December, President Trump said he would start winding down operations to avoid conflicts of interest.
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