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From NBC News
The Trump Foundation — the charitable foundation started by President Donald Trump years before he became a presidential candidate, which New York's top prosecutor said exhibited a "shocking pattern of illegality" — will dissolve according to a court filing.
The foundation will give away its assets to other non-profit organizations in the next 30 days, according to an agreement between state prosecutors and the Trump Foundation.
The Attorney General’s Office for New York says that this agreement that they’ve entered into with the Trump Foundation and signed by foundation attorney Alan Futerfas.
It does not stop the lawsuit by AG’s office has filed against the foundation, which was formed in 1987 and that action will continue.
COMMENT:-
The action continues and, since there are no "Foundation" assets to be distributed, that means that about the only reason for continuing the action against "The Foundation" is to determine any criminal culpability of the directors of the "Foundation".
Until 2017 that Board consisted of Donald Trump and his three adult children (plus Trump Organization treasurer/CFO Allen Weisselberg - even though Mr. Weisselberg said that he didn't know that he was member). Not only that, but that board doesn't appear to have met for around a decade and all decisions on how the "Foundation" money was to be used were made by the Chairman of that board. Want to take a guess as to who that Chairman was?
PS - The Chairman of the board doesn't appear to have actually donated any of his own money to the "Foundation" for well over a decade.
Trump Foundation agrees to dissolve with judge to oversee dispersal to other charities
The Trump Foundation — the charitable foundation started by President Donald Trump years before he became a presidential candidate, which New York's top prosecutor said exhibited a "shocking pattern of illegality" — will dissolve according to a court filing.
The foundation will give away its assets to other non-profit organizations in the next 30 days, according to an agreement between state prosecutors and the Trump Foundation.
The Attorney General’s Office for New York says that this agreement that they’ve entered into with the Trump Foundation and signed by foundation attorney Alan Futerfas.
It does not stop the lawsuit by AG’s office has filed against the foundation, which was formed in 1987 and that action will continue.
COMMENT:-
The action continues and, since there are no "Foundation" assets to be distributed, that means that about the only reason for continuing the action against "The Foundation" is to determine any criminal culpability of the directors of the "Foundation".
Until 2017 that Board consisted of Donald Trump and his three adult children (plus Trump Organization treasurer/CFO Allen Weisselberg - even though Mr. Weisselberg said that he didn't know that he was member). Not only that, but that board doesn't appear to have met for around a decade and all decisions on how the "Foundation" money was to be used were made by the Chairman of that board. Want to take a guess as to who that Chairman was?
PS - The Chairman of the board doesn't appear to have actually donated any of his own money to the "Foundation" for well over a decade.