Trump Foundation to Dissolve Under Agreement With NY Attorney General

(Reuters) -
trump foundation
Photo taken in AP office in September 2016, of a $25,000 check, made out in 2013, from the Trump Foundation to And Justice For All, a political committee supporting Florida Attorney General Pam Bondi. Charities are barred from engaging in political activities. The Trump campaign contended that the check from the Trump Foundation was mistakenly issued following a series of clerical errors and that Trump intended to use personal funds. (AP Photo/J. David Ake)

The Donald J. Trump Foundation, President Donald Trump‘s charity, has agreed to dissolve following a lawsuit by New York’s attorney general claiming Trump misused the foundation to advance his 2016 presidential campaign and his businesses, the attorney general announced Tuesday.

New York Attorney General Barbara Underwood, a Democrat, said that the Trump Foundation‘s assets will be distributed to charities that will be vetted by her office. The deal must still be approved by a New York state judge.