The Washington Post reports:
President Trump has agreed to shut down his embattled personal charity and give away its remaining funds amid allegations that he used it for his personal and political benefit, the New York attorney general announced Tuesday.
New York Attorney General Barbara Underwood announced that the Donald J. Trump Foundation is dissolving as her office pursues its lawsuit against the charity, Trump and his three eldest children.
The attorney general’s suit, filed in June, alleged “persistently illegal conduct” at the charity and sought to have the foundation shut down. Underwood is continuing to seek more than $2.8 million in restitution and has asked a judge to ban the Trumps temporarily from serving on the boards of other New York nonprofits.
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Founded in 2006, @TheEricTrumpFoundation is dedicated to raising money for children battling life-threatening diseases at @StJudesChildrensHospital. To date, the Foundation has donated and pledged nearly $30 million dollars to @StJude and grown into one of the largest private charities in the country.