Mike Allen reports at Axios:

Ivanka Trump told me yesterday from Berlin that she has begun building a massive fund that will benefit female entrepreneurs around the globe. Both countries and companies will contribute to create a pool of capital to economically empower women. …

Under the radar: Canadians, Germans and a few Middle Eastern countries have already made quiet commitments, as have several corporations, a source said.

Allegra Kirkland at TPM:

A spokesman for the World Bank confirmed to TPM that Kim and Ivanka Trump are currently in talks about how to finance it.  …

… But what exactly Ivanka Trump’s fund will look like and how it will operate remains a giant question mark. Ethics experts told TPM that Axios’ description leaves it unclear if the fund will be a private, for-profit endeavor or if it will be run through a federal government agency.

Jennifer Rubin … seriously, Jennifer Rubin … wrote of the foreign donations,

If true, this is egregious and potentially illegal, according to multiple ethics and legal experts. “If the donation would be a quid pro quo bribe, then asking for it is certainly solicitation of a bribe, which is every bit as criminal as the bribe itself,” Harvard Law professor Laurence Tribe tells me via email. “But I started that sentence with ‘if’ because I don’t have enough facts about the donation request to opine on the ultimate bribe issue.” Nevertheless, he says:

At the very least, though, a donation is a “present,” which – if made by a foreign government or an agent of such a government or an entity controlled by it – is expressly banned by the text of the Foreign Emoluments Clause with respect to anyone holding “any Office of Profit or Trust” under the United States. Whether it counts as an “emolument” becomes irrelevant if it’s a “present,” which any donation would at least be.

Tribe explains, “Even if the First Daughter and Assistant to the President somehow manages to create formal distance between herself and that version of the Clinton Foundation, which of course her father denounced endlessly during the campaign, the hypocrisy of the move is jaw-dropping.” He adds, “Such contributions would surely constitute a financial benefit to … her brand, and her family’s brand even if she is unable to spend a penny of the contributions themselves. As such, soliciting such contributions violates at least the spirit of the Foreign Emoluments Clause.”

Many have pointed out that what Ivanka appears to be planning would amount to pretty much the same thing her father was slamming Hillary Clinton for doing last year.