U.S.

The Trump Foundation Is Closing After Admitting It Broke IRS Rules

Then-President-elect Trump said in December he would close down the foundation.

The Trump Foundation Is Closing After Admitting It Broke IRS Rules
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The Donald J. Trump Foundation is shutting down after admitting to "self-dealing."

Then-President-elect Donald Trump agreed to shut down his namesake charity organization in December last year.

That was after the foundation acknowledged to the IRS that it had transferred money or assets to benefit someone with ties to the charity — such as a Trump family member.

Trump Pauses The Decision On Importing African Elephant Trophies
Trump Pauses The Decision On Importing African Elephant Trophies

Trump Pauses The Decision On Importing African Elephant Trophies

This week, the U.S. Fish and Wildlife Service confirmed plans to reverse a ban on importing elephant hunting trophies from Zimbabwe and Zambia.

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The Trump Foundation has run afoul of the IRS before by contributing to the political campaign of Florida's Attorney General Pam Bondi. Afterward, Bondi dropped a potential investigation of Trump University.

The Trump Foundation had to pay a penalty for making a political contribution, which it's prohibited from doing as a tax-exempt charity organization.