Trump Foundation Agrees to Dissolve Amid Investigations of Self-Dealing, ‘Shocking Pattern of Illegality’


The New York Attorney General’s Office has announced that they’ve received a signed stipulation authorizing the dissolution of President Donald Trump‘s personal charity. The organization’s remaining money will reportedly be given to other charities under judicial supervision.

The Trump Foundation has been under investigation for months due to numerous indications that the president and his family used it to break campaign finance laws, abused its tax-exempt status, and engaged in a pattern of “illegal conduct” for personal enrichment. The Washington Post notes that New York Attorney General Barbara Underwood filed a suit against the organization in June, calling for $2.8 million in restitution to be paid out because of the charity’s “shocking pattern of illegality.”

Underwood — who is still pursuing the restitution and a ban on Trump’s family from serving on the board of any New York nonprofit organization — praised the ruling in a statement on Tuesday.

Court filings suggest that Underwood will work with a state judge and members of her office to redistribute the Trump Foundation’s remaining $1.75 million to other charitable agencies.

See the complete stipulation for the Trump Foundation here.

[Photo via Getty Images]

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