President-elect Donald Trump to dissolve foundation before inauguration

President-elect Donald Trump takes a question from a member of the media at Mar-a-Lago, in Palm Beach, Fla., Wednesday, Dec. 21, 2016. Trump on Thursday abruptly called for the United States to “greatly strengthen and expand its nuclear capability” until the rest of the world “comes to its senses” regarding nuclear weapons. Trump made the statement on Twitter and did not expand on either the actions he wants the U.S. to take or the issues he sees around the world. (AP Photo/Andrew Harnik)

WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump says he will dissolve the Donald J. Trump Foundation amid efforts to eliminate any conflicts of interest before he takes office next month.

Trump said in a statement Saturday that his charitable foundation “has done enormous good works over the years in contributing millions of dollars to countless worthy groups, including supporting veterans, law enforcement officers and children.”

He said that given the conflicts of interest, he will pursue philanthropic efforts in other ways, without elaborating on how he’d do so.

Trump said he has directed his counsel to take the necessary steps to implement the dissolution.

The revelation comes a day after Trump lamented the fact that his son Eric would be stepping away from his charitable foundation due to conflicts of interest.