U.S. President Donald Trump agreed to shut down his embattled personal charity and donate its assets under an agreement with the New York attorney general, who alleged that the nonprofit squandered funds on political and business purposes.
#BREAKING: We’ve secured a stipulation requiring the Trump Foundation to dissolve under judicial supervision, with our review of recipient charities.
The Foundation functioned as little more than a checkbook to serve Mr. Trump’s interests. Our lawsuit remains ongoing. pic.twitter.com/FsRubdNZs9
— NY AG Underwood (@NewYorkStateAG) December 18, 2018