Trump defends personal charity accused of illegal activities
- Author: Sonia Alvarado Dec 20, 2018,
Dec 20, 2018, 0:34
The lawsuit, brought against the Trump Foundation in June by the attorney general's office in ny, will continue to seek millions of dollars in restitution even as the president's personal charity agrees to shut down.
Underwood's lawsuit, filed last spring, alleges that Trump and his family illegally operated the foundation as an extension of his businesses and his presidential campaign will continue.
Calling it "an important victory for the rule of law", NY AG Barbara Underwood praised the agreement, in which her office will oversee the distribution of $1.75 million in Foundation cash to charities approved by a state judge.
Donald Trump's charitable foundation has reached a deal to shut down amid a legal battle with New York's attorney general. The lawsuit remains ongoing, seeking $2.8 million in restitution and to ban Trump and his children from serving on the boards of other NY nonprofits.
The foundation has agreed to dissolve and within 30 days give the court a list of the not-for-profit organizations that will receive the remainder of the charity's assets.
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The investigation of the foundation was begun by the former attorney general, Eric T Schneiderman, a Democrat who was an antagonist of Trump before stepping down following revelations of sexual misconduct this year.
Trump was required to sign annual filings with the Internal Revenue Service in which he attested that the foundation did not engage in political activity.
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The suit, filed in June, alleged "persistently illegal conduct" at the foundation, which Trump began in 1987.
They would then say oh, Mr. Trump, you're so generous.
Trump had long pledged to dissolve the foundation and donate its funds to charity, but his lawyers said they were thwarted by the attorney general's office, which wanted oversight over the process. "Over the past decade, the Foundation is proud to have distributed approximately $19 million, including $8.25 million of the President's personal money, to over 700 different charitable organizations with virtually zero expenses".
Eric Trump previously told Bloomberg that Mr Trump's charity operated on a shoestring budget "so that the maximum amount of money could be sent to incredibly worthwhile causes".
U.S. President Donald Trump claps before speaking at the Heritage Foundation's President's Club Meeting in Washington, U.S., October 17, 2017.
One of the sort of bedrock principles of charity law is that charities can't get involved in politics.
Trump Foundation is shutting down permanently after a judge allowed a lawsuit against it by the state of NY to go forward. Outside donors, many of which did business with the president, have given the foundation about $9.3 million.