--- title: Donald Trump Plans to Shutter Charitable Foundation: Report description: Just days after Eric Trump suspended his foundation canonical: https://time.com/4617733/donald-trump-foundation-shutter/ author: Maya Rhodan article:opinion: false article:content_tier: free article:published_time: 2016-12-24T20:32:28.000Z article:modified_time: 2026-02-23T02:27:52.351Z article:section: Politics og:title: Donald Trump Plans to Shutter His Charitable Foundation, Report Says og:description: Just days after Eric Trump suspended his foundation og:url: https://time.com/4617733/donald-trump-foundation-shutter/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltc93d2ebde0cb93d2/6988b3ee428a9e2efbcd5598/gettyimages-630158796.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 og:image:width: 1200 og:image:height: 675 og:image:alt: President-Elect Donald Trump Holds Thank You Rally In Mobile, Alabama og:type: article twitter:card: summary_large_image twitter:title: Donald Trump Plans to Shutter His Charitable Foundation, Report Says twitter:description: Just days after Eric Trump suspended his foundation twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltc93d2ebde0cb93d2/6988b3ee428a9e2efbcd5598/gettyimages-630158796.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  # Donald Trump Plans to Shutter His Charitable Foundation, Report Says by [Maya Rhodan](https://time.com/author/maya-rhodan/) ## Maya Rhodan Dec 24, 2016 8:32 PM UTC  President-elect Donald Trump speaks during a thank you rally in Ladd-Peebles Stadium on December 17, 2016 in Mobile, Alabama. Mark Wallheiser—Getty Images President-elect Donald Trump speaks during a thank you rally in Ladd-Peebles Stadium on December 17, 2016 in Mobile, Alabama. Mark Wallheiser—Getty ImagesMark Wallheiser—Getty Images by [Maya Rhodan](https://time.com/author/maya-rhodan/) ## Maya Rhodan Dec 24, 2016 8:32 PM UTC [President-elect Donald Trump](http://time.com/time-person-of-the-year-2016-donald-trump/) intends to shutter his charitable foundation in an effort to eliminate potential [conflicts of interest](http://time.com/4578431/donald-trump-conflicts-of-interest-list/), according to a [new report. ](http://www.nytimes.com/2016/12/24/us/politics/trump-family-conflicts.html?%5Fr=1) The [New York _Times_](http://www.nytimes.com/2016/12/24/us/politics/trump-family-conflicts.html?%5Fr=1) reports aides close to the president-elect are mulling ways to distribute the assets of his charitable organization and shut it down. The Trump Foundation has raised $13.6 million since it was launched 28 years ago, with $4.9 million coming directly from Trump. The president-elect, however, has not donated to the charity at all since 2008, [according to CBS News](http://www.cbsnews.com/news/donald-trump-book-royalties-to-charity-a-mixed-bag/). Trump’s foundation has come under investigation by New York state’s attorney general, who [ordered the organization to stop raising money in the state](http://www.nytimes.com/2016/10/04/us/politics/trump-foundation-money.html) because it was not properly registered. The foundation also [admitted to violating some self-dealing rules](https://www.washingtonpost.com/politics/trump-foundation-apparently-admits-to-violating-ban-on-self-dealing-new-filing-to-irs-shows/2016/11/22/893f6508-b0a9-11e6-8616-52b15787add0%5Fstory.html?utm%5Fterm=.b2cbd6821679) in a 2015 IRS filing. Saturday’s report comes just days after Trump’s son Eric suspended operations at his own charitable foundation. President-elect Trump had previously been critical of the fact that his son had to step away from his foundation. > [](https://twitter.com/realDonaldTrump/status/812264762981675008) > [](https://twitter.com/realDonaldTrump/status/812266152684650496) Trump is also reportedly in talks to loosen ties with his business empire, according to the _Times_. The issue of conflicts of interest has been raised repeatedly by Trump’s critics as he plans his transition to the White House. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/4617733/donald-trump-foundation-shutter/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/4617733/donald-trump-foundation-shutter/"},"headline":"Donald Trump Plans to Shutter His Charitable Foundation, Report Says","datePublished":"2016-12-24T20:32:28.000Z","dateModified":"2026-02-23T02:27:52.351Z","description":"Just days after Eric Trump suspended his foundation","url":"https://time.com/4617733/donald-trump-foundation-shutter/","keywords":["Donald Trump","White House","Eric Trump","onetime"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/bltc93d2ebde0cb93d2/6988b3ee428a9e2efbcd5598/gettyimages-630158796.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Maya Rhodan","jobTitle":null,"url":"https://time.com/author/maya-rhodan/"}],"articleSection":"Politics","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/bltc93d2ebde0cb93d2/6988b3ee428a9e2efbcd5598/gettyimages-630158796.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"President-Elect Donald Trump Holds Thank You Rally In Mobile, Alabama","caption":"President-Elect Donald Trump Holds Thank You Rally In Mobile, Alabama","creditText":"Mark Wallheiser—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":"/tag/donald-trump/","name":"Donald Trump"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/4617733/donald-trump-foundation-shutter/","name":"Donald Trump Plans to Shutter His Charitable Foundation, Report Says"}}]}] ```