Trump agrees to shut down his charity

President Trump is dissolving his charity amid an ongoing lawsuit that alleges he used it for personal and political benefit.

New York Attorney General Barbara Underwood said Tuesday that the Trump Foundation agreed to dissolve and and distribute its remaining assets to other charities under the supervision of her office.

The foundation was run by Trump and his three eldest children, Donald Jr., Ivanka, and Eric.

“Our petition detailed a shocking pattern of illegality involving the Trump Foundation — including lawful coordination with the Trump presidential campaign, repeated and willful self-dealing, and much more,” Underwood said in a statement. “This amounted to the Trump Foundation functioning as little more than a checkbook to serve Mr. Trump’s business and political interests.”

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