US president Donald Trump’s charity foundation is to close following allegations that he and others misused its funds.
Attorney general of New York State Barbara Underwood is to supervise the distribution of the charity’s remaining funds. Underwood has accused Trump and his three eldest children of using the foundation for private and political gain. The foundation’s lawyer accused Underwood of politicising the matter.
In a statement, Underwood said she had seen “a shocking pattern of illegality involving the Trump Foundation – including unlawful co-ordination with the Trump presidential campaign, repeated and wilful self-dealing, and much more”. She added that the foundation was “little more than a chequebook to serve Mr Trump’s business and political interests”.
Trump Foundation lawyer Alan Futerfas: “Contrary to the NYAG’s [New York Attorney General] misleading statement… the foundation has been seeking to dissolve and distribute its remaining assets to worthwhile charitable causes since Donald J Trump’s victory in the 2016 presidential election.
“Unfortunately, the NYAG sought to prevent dissolution for almost two years, thereby depriving those most in need of nearly $1.7m. Over the past decade, the foundation is proud to have distributed approximately $19m, including $8.25m of the president’s personal money, to over 700 different charitable organisations with virtually zero expenses.”
He added: “The NYAG’s inaccurate statement of this morning is a further attempt to politicize this matter.”