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Trump Foundation commits to dissolve under judicial supervision



The liquidation of President Donald Trump's charitable fund raises an element of the civil claim of the Attorney General against the Foundation. This includes the allegation that the President and his children have violated the campaign finance law and abused their tax-exempt status. The lawsuit will continue in court seeking two more results: $ 2.8 million for restitution, as well as penalties and a ban on Trump and his three eldest children on the board of another nonprofit organization in New York ,

The Dissolution Agreement The Office, signed by the Foundation and the Office of Attorney General Barbara Underwood, also allows the Attorney General's Office to review the beneficiaries of the charity's assets. The last tax return submitted by the foundation indicated net assets at just over $ 1
.7 million.

"Our petition contained a shocking pattern of Trump Foundation illegality – including unlawful and voluntary voting with the Trump self-presidential presidential campaign, and much more, which meant that the Trump Foundation was just a checkbook for business and political interests served by Mr. Trump, "said Underwood on Tuesday in a statement.

"This is an important rule of law victory that makes it clear that there are a number of rules for everyone," Underwood said. "We will continue to bring our claim forward to ensure that the Trump Foundation and its directors are held accountable for their clear and repeated violations of federal and federal law."

The Trump Foundation did not respond immediately to a request comment.

The judge supervising the claim must approve the provision in order for it to come into effect and will monitor the dissolution of the Foundation. The order came after a ruling by the Saliann Scarpulla Judiciary in November, in which the lawsuit was brought forward and a request by the Foundation to reject the case was rejected.


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