FIRST AIRED: December 25, 2016

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00:00:02
>> US President-Elect, Donald Trump, saying Saturday, he intends on dissolving his charitable foundation. The Donald J Trump Foundation is under investigation by New York attorney general Eric Schneiderman, who directed the foundation to stop taking donations in October, because he said it violated a state law requiring charitable organizations that solicit outside donations to register with the state's charity's bureau.
00:00:25
The order followed a series of reports in the Washington Post that suggested improprieties by the foundation, including using its funds to settle legal disputes involving Trump Businesses. Trump gave no timeline for winding down the foundation, but said in a statement quote, I don't want to allow good work to be associated with a possible conflict of interest.
00:00:47
A spokesman for the New York Attorney General Office said Saturday, Trump cannot dissolve the foundation while the investigation is ongoing.