Trump agrees to shut down embattled charity

Trump agrees to shut down embattled charity

Trump agrees to shut down embattled charity

New York Attorney-General Barbara Underwood, a Democrat, said the Donald J Trump Foundation's assets would be distributed to charities vetted by her office.

Once the judge approves the deal to dissolve the charity, the two sides will have 30 days to provide her with a list of nonprofit organizations that should get the remaining funds.

The attorney general's suit, filed in June, alleged "persistently illegal conduct" at the charity and sought to have the foundation shut down.

The Trump Foundation, weathering a lawsuit over its finances, agreed to dissolve under court supervision, ny state authorities said Tuesday. "This amounted to the Trump Foundation functioning as little more than a checkbook to serve Mr. Trump's business and political interests".

Attorney General Barbara Underwood's lawsuit alleging Trump and his family illegally operated the foundation as an extension of his businesses and his presidential campaign will continue.

"This is an important victory for the rule of law, making clear that there is one set of rules for everyone", she said in a statement.

Tuesday's decision came less than a month after Justice Saliann Scarpulla of the New York State Supreme Court in Manhattan rejected Trump's motion to dismiss Underwood's lawsuit.




The foundation was established in the 1980s but first drew intense scrutiny after a January 2016 event in Iowa featuring then-candidate Trump.

The suit also alleges that the foundation made payments to other charitable organizations for the objective of settling lawsuits against Trump's Mar-A-Logo resort and The Trump National Golf Club.

Listen to our recent podcast on the Vince McMahon-Donald Trump relationship over the decades with Lavie Margolin, author of "TrumpMania". Trump had boycotted a Republican presidential debate and held what he described as a fundraiser for veterans instead.

State investigators asked Weisselberg what the foundation's policies were to determine whether its payments were proper. Donald Trump, according to the Post, donated $5.5 million to the charity (a practice that seems to have stopped in 2008) and accepted over $9 million from other sources.

Underwood has referred her case to the Internal Revenue Service and the Federal Election Commission in case either of those agencies are interested in identifying whether the Trump Foundation violated any federal laws.

There are far smaller donations, like a $7 gift to the Boy Scouts in 1989. ABC also notes that the foundation gave $100,000 in 2014 to the conservative Citizens United Foundation, the group behind the Citizens United case that allows corporations and unions to spend as much as they want on campaign contributions.

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