On Tuesday, it was announced that Donald Trump’s charity foundation will be shutting down. The decision comes after it was alleged that the foundation has been misusing funds. According to BBC News, Barbara Underwood, the attorney general of New York, will supervise the distribution of the charity’s remaining funds.
The Donald J. Trump Foundation is now under the control of Underwood, who will has stated that her office will continue to pursue a lawsuit against the foundation. The lawsuit is seeking $2.8 million in restitution and penalties.
Additionally, Trump and his three oldest children — Donald Trump Jr., Ivanka Trump, and Eric Trump — are all barred from serving on the boards of this or any other New York State charity.
According to the agreement, the charity has 30 days to provide officials with a list of non-profit organizations that can accept the charity’s remaining money Once this has been fulfilled, the Organization will be dissolved under judicial supervision, headed by Underwood’s office.