×
You will be redirected back to your article in seconds

Trump Foundation to Dissolve Amid NY Attorney General Lawsuit

WASHINGTON — The Trump Foundation will dissolve amid a lawsuit brought by the New York attorney general over the nature of its spending and contributions.

New York Attorney General Barbara Underwood said the foundation had signed a stipulation agreeing to disband under judicial supervision. She said she will review how remaining assets will be given to charity.

“Our petition detailed a shocking pattern of illegality involving the Trump Foundation — including unlawful coordination with the Trump presidential campaign, repeated and willful self-dealing, and much more,” Underwood said in a statement. “This amounted to the Trump Foundation functioning as little more than a checkbook to serve Mr. Trump’s business and political interests.”

The foundation’s attorney, Alan Futerfas, said that Underwood’s statement was “misleading,’ and that the foundation has been seeking to “dissolve and distribute” its remaining assets to charity since Donald Trump’s election.

Her lawsuit remains ongoing. It seeks millions in restitution, and a prohibition on Trump and his children from serving on the boards of other charities.

The stipulation was signed by Yael Fuchs, co-chief of the enforcement section of the attorney’s general’s office, and Futerfas.

In a statement, Futerfas said that the New York Attorney General had been trying to further “politicize this matter.”

“Unfortunately, the [New York Attorney General] sought to prevent dissolution for almost two years, thereby depriving those most in need of nearly $1.7 million,” he said. “Over the past decade, the Foundation is proud to have distributed approximately $19 million, including $8.25 million of the President’s personal money, to over 700 different charitable organizations with virtually zero expenses.”

Last month, a New York judge ruled that the lawsuit could proceed.

Underwood filed the case in June, claiming that the foundation was “little more than an empty shell that functions with no oversight by its board of directors.” It claimed that the board, which includes Trump’s children, had not met since 1999 and “does not oversee the activities of the Foundation in any way.” It alleged a “pattern of persistent illegal conduct.”

Specifically cited was a fundraiser that Trump held for veterans on Jan. 28, 2016. Corey Lewandowski, then Trump’s campaign manager, dictated the timing, amounts and recipients of grants from the event, according to the lawsuit, and other campaign officials were involved in the preparations. Trump presented enlarged copies of checks to veterans groups at campaign events leading up to the Iowa caucuses. Also cited was a $10,000 payment that was made with foundation funds to buy a painting of Trump. It was eventually displayed at Trump’s golf club in Doral, Fla.

 

More Politics

  • Seth Moulton Launches Presidential Bid

    Rep. Seth Moulton Launches 2020 Presidential Bid

    WASHINGTON — Rep. Seth Moulton (D-Mass.), an Iraq veteran who has diverged from Democratic leadership in the House in recent years, announced Monday that he is running for president, saying that “decades of division and corruption have broken our democracy.” Moulton confirmed that he was running in an appearance on ABC’s “Good Morning America.” He [...]

  • Mueller Report Book Editions Top Amazon's

    Mueller Report Book Editions Shoot to Top of Best-Seller Lists at Amazon, Barnes & Noble

    Robert Mueller is now a best-selling author. Book publishers’ forthcoming editions of the special counsel’s report zoomed to the top of the Amazon’s and Barnes & Noble’s lists of book best-sellers Friday. That comes a day after the report was publicly released, culminating the nearly two-year investigation into Russian interference in the 2016 U.S. election [...]

  • Pete Buttigieg Show Business Donations

    Mayor Pete Buttigieg Is Totally Up for Booking Phish for His Inauguration

    Mayor Pete Buttigieg’s campaign seems to be going Phish-ing… in the best possible sense. (Unless you just hate the band Phish so much there is no best possible sense.) The Democratic presidential candidate has previously indicated his love for the group, and when a reporter suggested Phish play at his theoretical swearing-in festivities in 2021, [...]

  • National Enquirer - Jeff Bezos

    Hudson Media CEO James Cohen Purchases the National Enquirer

    Hudson Media’s CEO James Cohen announced Thursday that he will purchase the National Enquirer as well as American Media’s other tabloids, the Globe and the National Examiner. With the purchase of the National Enquirer, which Cohen reportedly bought for $100 million, he plans to strengthen their collaborative efforts, documentary shows, weekly podcasts, and theme parks. [...]

  • Donald Trump

    HBO Fires Back at Trump's 'Game of Thrones'-Inspired 'No Collusion' Tweet

    HBO is firing back at President Donald Trump after he sent another “Game of Thrones”-inspired tweet in response to the release of a redacted version of special counsel Robert Mueller’s report on the Russia investigation. “Though we can understand the enthusiasm for ‘Game of Thrones’ now that the final season has arrived, we still prefer [...]

  • Mueller Report Released: Networks Cut the

    Networks Curb Their Enthusiasm, William Barr Flexes as Mueller Report Goes Public

    The run-up to Attorney General William Barr’s news conference regarding the release of Special Counsel Robert Mueller’s report on the conduct of President Donald Trump suggested it was just one component part of a busy news day, something close to business as usual. And the broadcast — in which Barr stormily defended the President as [...]

  • Mueller Report: Redacted Version of Trump

    Mueller's Report Details Possible Trump Obstruction but Reaches No Conclusion

    WASHINGTON — Special counsel Robert Mueller’s report on the Russia investigation leaves open the question of whether President Donald Trump committed obstruction of justice, making clear that Trump was not exonerated. That was one of many takeaways after a redacted version of the highly anticipated document was released to the public on Thursday, captivating Congress, [...]

More From Our Brands

Access exclusive content