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What Trump Foundation's 'self-dealing' disclosure means

Given President-elect Trump's substantial conflicts of interest, the foundation's admission of self-dealing should sound a warning to both the president-elect and voters as he takes the oath of office.

<p>US Republican presidential nominee Donald Trump (C) is surrounded by members of the Secret Service</p>

Earlier this month, we learned that the Donald J. Trump Foundation admitted to acts of self-dealing in its most recent IRS filing.

But what is self-dealing and, more significantly, what does it mean for the president-elect as he deals with his many conflict of interest issues when he runs the country?

The potential of these conflicts to become problems surfaced recently as the president-elect began discussions with foreign leaders. As illustrated by his conversations with Japan’s prime minister, Indian business partners and Argentina’s prime minister, his vast global business holdings suggest his decision-making could be influenced by his financial interests.

As researchers who have examined the filings and activities of foundations for years, we see this high-profile case as an opportunity to explain self-dealing, its consequences, how it can be avoided and what it may mean for the incoming administration.

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