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In an attempt to eliminate conflicts of interest, President-elect Trump announced that he and his family are dissolving his personal charity.

“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,” Trump said in a statement.

Trump said that he intends to dissolve the assets of his personal charity — the Donald J. Trump Foundation.

Trump said, “I am very proud of the money that has been raised for many organizations in need, and I am also very proud of the fact that the Foundation has operated at essentially no cost for decades, with 100% of the money going to charity, but because I will be devoting so much time and energy to the Presidency and solving the many problems facing our country and the world, I don’t want to allow good work to be associated with a possible conflict of interest.”

An outside monitor may also be brought in to oversee the Trump Organization in an attempt to resolve potential controversies, according to a report.

Some international business projects of Trump have also be terminated, according to the New York Times.

“This is a process that my father and my family are taking incredibly seriously,” said Eric Trump of removing potential conflicts of interest ahead of next month’s inauguration.

Eric Trump, the third child of the president-elect, will help oversee the Trump Organization. He also announced last week that he was stop fundraising for his own charity, the Eric Trump Foundation.

The move comes as critics say it is inappropriate for members of Trump’s family to have strong roles in the administration.

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Since being elected, Trump has said he would not be subject to conflicts of interest laws. And as scrutiny has increased, Trump has said he will simply solve the problem by giving his children control of his business operations.

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