Given 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.
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The Trump Foundation has received lots of scrutiny in recent months questioning how much the candidate gives, where the charity's money comes from and how it's used. Here's what we know so far.
The current lack of transparency in Australian philanthropy raises ethical questions. Far from being a solely private activity, philanthropy needs greater public accountability.
There is a view that philanthropy from super-wealthy individuals, rather than government policy, will be the force that changes the world for the better. But this seems unlikely in Australia.