Trump to place investments in a trust during presidency, have limited involvement with organization

The Trump Organization on Friday announced that President-elect Donald Trump will place his investments into a trust controlled by his children and will have limited access to the company during his presidency.

The organization released a five-page ethics plan on Friday that included several of the adjustments the company will make while Trump works from the Oval Office. The organization has also hired a new ethics advisor to ensure the company meets and exceeds its ethical and legal obligations.

The release comes 10 days before Trump is set to take office on January 20. 

The company said that Trump would not be consulted on most matters related to the business and would only receive "general business updates," according to NBC News. The investments will also be managed independently by "outside financial institutions" that will not seek his input on specific holdings or transactions.

It also said the company "will not enter into any new material transactions or contracts with a foreign government, except for Ordinary Course Transactions," but does not mention whether it would do business with any foreign private entities. 

The disclosure comes after the Trump Organization backed away from foreign business dealings following Trump's first election in 2016.

The company also said that it would donate all profits from foreign governments at its hotels and similar businesses to the U.S. Treasury Department, as it did in 2016, and offer discounted rates to members of the U.S. Secret Service and other government agencies that lodge at Trump hotels. 

The Trump Organization is largely operated by the Trump's sons Eric and Donald Trump Jr., who are executive vice presidents.

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.