New York's attorney general is looking into suspected "impropriety" at the Trump Foundation
An investigation continues into Donald Trump's charitable foundation, as the President-elect announced plans to wind down its operations.
In a statement, Mr Trump said he wanted to avoid "even the appearance" of any conflict of interest.
New York's attorney general is looking into suspected "impropriety" at the Foundation, which Mr Trump denies.
The attorney general's office said Mr Trump could not shut the Foundation while the investigation was continuing.
Mr Trump's statement on Saturday added that "the 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.
"However, to avoid even the appearance of any conflict with my role as president I have decided to continue to pursue my strong interest in philanthropy in other ways."
New York's Attorney General Eric Schneiderman said in September that his office wanted to ensure the Foundation was "complying with the laws that govern charities in New York".
"We have been concerned that the Trump Foundation may have engaged in some impropriety from that point of view," Mr Schneiderman told CNN at the time.
US media say Mr Schneiderman's office has been investigating the Trump Foundation since at least June, when it formally questioned a donation made to a group backing Republican Florida Attorney General Pam Bondi in 2013.
Mr Trump will be inaugurated on January 20th, succeeding President Barack Obama.