--- title: Donald Trump Is Dissolving His Charity Foundation description: President Donald Trump is dissolving his charitable foundation nearly a year after it admitted to violating federal rules on 'self-dealing' canonical: https://time.com/5032744/president-trump-is-officially-dissolving-his-charitable-foundation/ author: Aric Jenkins article:opinion: false article:content_tier: free article:published_time: 2017-11-21T01:07:30.000Z article:modified_time: 2026-02-23T18:19:15.776Z article:section: Politics og:title: President Trump Is Officially Dissolving His Charitable Foundation og:description: Trump appears to be making good on a promise he made nearly a year ago og:url: https://time.com/5032744/president-trump-is-officially-dissolving-his-charitable-foundation/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt89931e9f33234ca9/6988e614196cf4311e042c44/gettyimages-822537502.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 og:image:width: 1200 og:image:height: 675 og:image:alt: President Trump And Lebanese PM Hariri Deliver Joint Statements At White House og:type: article twitter:card: summary_large_image twitter:title: President Trump Is Officially Dissolving His Charitable Foundation twitter:description: Trump appears to be making good on a promise he made nearly a year ago twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt89931e9f33234ca9/6988e614196cf4311e042c44/gettyimages-822537502.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  # President Trump Is Officially Dissolving His Charitable Foundation ## Video: How Every Donald Trump Proposal Plays Out [Watch (HLS stream): How Every Donald Trump Proposal Plays Out](https://cdn.jwplayer.com/manifests/hPepeavP.m3u8) (1:38)  _Published 2017-11-16. As a candidate, Donald Trump didn’t sweat the details of public policy. Now that he’s president? He still doesn’t. Over the first year of his presidency, Trump has followed a consistent pattern on dealing with issues coming before Congress_ by [Aric Jenkins](https://time.com/author/aric-jenkins/) ## Aric Jenkins Nov 21, 2017 1:07 AM UTC  President Donald Trump in the Rose Garden at the White House in Washington, DC, on July 25, 2017. President Donald Trump in the Rose Garden at the White House in Washington, DC, on July 25, 2017.Chip Somodevilla—Getty Images by [Aric Jenkins](https://time.com/author/aric-jenkins/) ## Aric Jenkins Nov 21, 2017 1:07 AM UTC [President Donald Trump](http://time.com/5032336/white-house-lavar-ball-rhetorical-response/) is dissolving his charitable foundation nearly a year after it admitted to violating federal rules on “self-dealing,” according to newly-filed tax documents. Internal Revenue Service documents filed this month and [obtained by NBC News](https://www.nbcnews.com/news/us-news/donald-trump-shutting-down-his-charitable-foundation-n822636) confirm Trump is [making good on his promise from last December](http://time.com/4617733/donald-trump-foundation-shutter/) to shutter the [Donald J. Trump Foundation](http://time.com/money/4516841/donald-trump-foundation-cease-and-desist-violation/) in light of scrutiny over potential conflict of interest. “The foundation announced its intent to dissolve and is seeking approval to distribute its remaining funds” to other charities, according to the IRS filing, which was uploaded to charity watchdog website [Guidestar.org](http://www.guidestar.org/Home.aspx) by the foundation. In October 2016, New York Attorney General Eric Schneiderman ordered the foundation to halt its solicitation of charitable donations in the state. Now, a spokesperson from the foundation says that it is working with Schneiderman’s office in order to facilitate the foundation’s closing. “The Foundation continues to cooperate with the New York Attorney General’s Charities Division, and as previously announced by the President, his advisers are working with the Charities Division to wind up the affairs of the Foundation,” the spokesperson told NBC. “The Foundation looks forward to distributing its remaining assets at the earliest possible time to aid numerous worthy charitable organizations.” The foundation had about $970,000 in assets at the end of 2016, the documents show, according to NBC. The attorney general’s press secretary, Amy Spitalnick, told the outlet that the foundation legally cannot close yet since it is “still under investigation by this office.” Tax records dating back to 2015 show that the foundation has violated the IRS’ provisions on self-dealing, which bars nonprofits from funneling charity funds to its leaders, their businesses, or their families. Trump himself acknowledged the violation, saying in a December 2016 statement: “The Foundation has done enormous good works over the years in contributing millions of dollars to countless worthy groups, including supporting veterans, law enforcement officers and children. 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.” It remains unclear how Trump will seek to continue his charitable interests in the “other ways” he mentioned last year. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/5032744/president-trump-is-officially-dissolving-his-charitable-foundation/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/5032744/president-trump-is-officially-dissolving-his-charitable-foundation/"},"headline":"President Trump Is Officially Dissolving His Charitable Foundation","datePublished":"2017-11-21T01:07:30.000Z","dateModified":"2026-02-23T18:19:15.776Z","description":"Trump appears to be making good on a promise he made nearly a year ago","url":"https://time.com/5032744/president-trump-is-officially-dissolving-his-charitable-foundation/","keywords":["onetime"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt89931e9f33234ca9/6988e614196cf4311e042c44/gettyimages-822537502.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Aric Jenkins","jobTitle":null,"url":"https://time.com/author/aric-jenkins/"}],"articleSection":"Politics","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt89931e9f33234ca9/6988e614196cf4311e042c44/gettyimages-822537502.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"President Trump And Lebanese PM Hariri Deliver Joint Statements At White House","caption":"President Trump And Lebanese PM Hariri Deliver Joint Statements At White House","creditText":"Chip Somodevilla—Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/politics/","name":"Politics"}},{"@type":"ListItem","position":2,"item":{"@id":"https://time.com/5032744/president-trump-is-officially-dissolving-his-charitable-foundation/","name":"President Trump Is Officially Dissolving His Charitable Foundation"}}]},{"@context":"https://schema.org","@type":"VideoObject","name":"How Every Donald Trump Proposal Plays Out","description":"As a candidate, Donald Trump didn’t sweat the details of public policy. 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