Trump Foundation reaches deal to dissolve amid lawsuit
President Donald Trump’s charitable foundation has reached a deal to dissolve amid a legal battle with New York’s attorney general.
Attorney General Barbara Underwood and the foundation filed a joint stipulation with the court Tuesday laying out a process for shutting down the charity and distributing its remaining assets to other nonprofit groups.
New York filed a lawsuit last spring accusing the foundation of operating like an extension of Trump’s businesses and political campaign. That suit will continue.
A lawyer for President Donald Trump’s foundation says the New York Attorney General’s Office is giving a misleading account of an agreement to dissolve the charity.