President Trump Agrees To Dissolve Trump Foundation After NY Attorney General Investigation Finds Evidence Of Illegal Use Of Charitable Donations For Personal And Political Gain
President Trump has agreed to dissolve the Trump Foundation and give away all remaining funds after an investigation by New York Attorney General Barbara Underwood uncovered illegal use of charitable donations for personal and political gain, including coordination with the Trump Presidential campaign. Federal law prohibits foundations from involvement in any political activity as well as using charitable donations for personal gain (“self-dealing” which the foundation had previously admitted to doing)or other reasons not directly related to the operations of the charitable organization.
Illegal activity uncovered with the Trump Foundation includes:
- Giving away checks from the foundation at campaign events
- Raising more than $2 million at an Iowa fundraiser for Trump’s Presidential campaign that flowed into the Foundation
- Paying $100k to settle a lawsuit by the Palm Beach, FL against Trump’s Mar-a-Lago resort
- Making a $25k donation to Florida Attorney General Pam Bondi (that previously was erroneously reported to the IRS); shortly after this donation was made, Bondi decided she would not be pursuing any claims against Trump University
“Underwood sued Trump and his adult children Donald Jr., Eric and Ivanka on June 14, after a 21-month probe that she said uncovered ‘extensive unlawful political coordination’ between the foundation and Trump’s campaign.”