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Trump says he will dissolve his foundation before assuming office

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opednews.com Headlined to H3 12/25/16

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US President-elect Donald Trump says he will dissolve his charitable foundation, called the Trump Foundation before assuming office on January 20, 2017. The future president released a statement on Saturday, saying he would pursue his “strong interest in philanthropy in other ways.' In 2007, Trump used the foundation’s money to pay for a 6-foot painting of himself that his wife purchased at an auction, in violation of regulations by US tax authority, the Internal Revenue Service (IRS), which prohibits a charity’s officers from using the group’s funds to purchase things for their own benefit. A Washington Post report concluded in September that the foundation is “a charity that allowed a rich man to be philanthropic for free.”

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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