Skip to main content
Updated:
Original:

NYT: Donald Trump looks to shut down his foundation to avoid conflicts

It turns out being president is super complicated if you're a business person.

Donald Trump's camp is in the process of dismantling the charitable foundation that bears his name, one of the steps being taken to address potential conflicts of interest once he's in the White House, the New York Times reports.

The Times says that, even though Trump's team has consistently said there aren't any conflicts of interest, they're working behind the scenes to nip issues in the bud.

That includes a plan to shut down the Donald J. Trump Foundation.

That's the charity that the Washington Post has been digging into this year, reporting Trump used funds from the nonprofit to pay for personal items (paintings, a signed NFL helmet, and settlements for civil lawsuits).

There are also plenty of questions about how his business ties might conflict with being president, where your job becomes to put the country first.

And in fact, he could be breaking the law if he is president while being part of his companies, the Huffington Post said. That's because of a 2012 law that says the president (and some other lawmakers) cannot use insider information they have to make money, or help friends and family make money.

The New York Times has a great, simple explainer for some of those conflicts here. It shows how many of his business ties are regulated by government agencies – which he’ll soon have direct control over.

Trump has tweeted he’ll be separating himself from his company before he takes office, but hasn't offered details.

His kids are affected too

Trump's children are feeling the effects of their dad's new position too.

Eric Trump this week said he would stop raising money for his Eric Trump Foundation, because there are concerns it could be used to gain access to a President Donald Trump, CNN reported. The organization has raised money for St. Jude.

The Donald did not like that, tweeting this:

Eric Trump also RTed this letter, which his former foundation VP wrote, saying the children who benefit from St. Jude are being seriously hurt by him no longer being able to raise money.

Eric Trump also said he'd have no contact with his father or administration when it comes to government matters.

And the New York Times also said Ivanka Trump is looking to find an outside monitor to oversee her fashion accessory line, as well as considering ways to donate all proceeds from an upcoming book to charity.

Next Up

Meeker County Sheriff's Office

Boy, 6, run over after falling off trailer in Meeker Co. tree farm accident

He was airlifted to Hennepin County Medical Center with internal injuries.

Target store

Target unveils deals for 2-day 'Cyber Monday' event

The promotion kicks off Sunday, November 28.

Screen Shot 2021-11-27 at 9.59.30 AM

Edina police warn of recent burglary trend targeting garages and vehicles

The Edina Police Department is increasing patrols in affected neighborhoods in response to the trend.

Screen Shot 2021-11-27 at 9.03.06 AM

Charges: Man shot Uber Eats driver making a delivery in Cottage Grove

Otis Donnell Shipp was charged with second-degree attempted murder after turning himself in on Wednesday.

Screen Shot 2021-11-27 at 7.36.14 AM

Waterfront hotel in Duluth sustains damage in kitchen fire

Authorities estimate the damage at around $75,000.

Screen Shot 2021-11-27 at 7.15.18 AM

Large groups of thieves target 2 Twin Cities Best Buys on Black Friday

It bears similarities to the flash-mob style thefts seen recently in California.

Karl-Anthony Towns

Timberwolves' winning streak snapped at five games

The Wolves' bid for their longest winning streak since 2014 came up short.

Screen Shot 2020-08-14 at 6.45.53 PM

Teen arrested over fatal shooting of 5-year-old boy in Brooklyn Park

Police say the teen was filming a social media video while handling a gun.

Joe Biden

President Biden coming to Minnesota to promote Bipartisan Infrastructure Law

Tuesday's trip follows passage of the $1.2 trillion Bipartisan Infrastructure Deal.

Kirill Kaprizov

Kaprizov gets into the holiday spirit to rout Jets

Kirill Kaprizov's four points led the Wild to a 7-1 victory.

Kirk Cousins

Coller: Cure to Vikings' disrupted season lies in an explosive passing game

The Vikings go to San Francisco knowing that a win would be a huge boost to their playoff hopes.

Related

Here's Donald Trump's first White House-ish video address

Here's what Donald Trump and his transition team want to get done right away.

Paul Ryan is done with Donald Trump: What it means, and why it matters

Wisconsin's Paul Ryan is done with Donald Trump. Here's why, and what it means.

TIME's Person of the Year is President-elect Donald Trump

TIME called him the "President of the Divided States of America."

President-elect Donald Trump meets with Obama at the White House

It was an historic – and potentially a little awkward – moment.

Donald Trump put out his first weekly address as president

We're assuming one of these will come out every week. Here's the first.

Trump's potential conflicts of interest, explained in easy-to-read graphics

President-elect Donald Trump could face a lot of conflicts of interest due to his vast business empire.

Key points from Donald Trump's first news conference since the election

What Donald Trump had to say during his first news conference after winning the election.

Democrats shocked Donald Trump will be the next POTUS

Shocked. Surprised. Those are the words most used when GoMN asked Hillary Clinton supporters how they felt late Tuesday night.