CASHING OUT

Trump Foundation Is Shutting Down

The Donald J. Trump Foundation, the Trump family’s charitable foundation, is shutting down, NBC News reports. The Trump administration previously announced that the foundation would be phased out, to avoid conflicts of interest. Prominent business people have donated to the foundation, including an Ohio shopping mall developer who was previously convicted of bribing a congressman. In the Trump Foundation’s 2015 tax filings, the foundation admitted that it had transferred money to Donald Trump, who was barred from receiving foundation funding. In a November tax filing, the Trump foundation announced its intention to dissolve and distribute its remaining $970,000 across charities.