But the New York Attorney General says they cannot legally dissolve the Foundation until the ongoing investigation has concluded
Democrats still call for a full divestment from his business interests
Donald Trump announced that he is closing the Trump Foundation, an apparent attempt to avoid conflicts of interest upon entering the White House.
The foundation’s dissolution comes amid scrutiny of the President-elect’s use of charitable funds. It also follows a pay-for-play controversy that led to Eric Trump stepping down from his charity organisation for auctioning off access to his father.
“The Foundation has done enormous good works over the years in contributing millions of dollars to countless worthy groups,” Mr Trump said in a statement. “However, to avoid even the appearance of any conflict with my role as President I have decided to continue to pursue my strong interest in philanthropy in other ways.”