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Trump Foundation to Dissolve Under Judicial Supervision
December 20, 2018

This article originally appeared in Foundation Center's Philanthropy News Digest.
 
GlassPockets continues to track and report all that is publicly knowable about the charitable giving of key members of the Trump Administration. To learn more, visit Eye on the Trump Administration.

TrumpNew York State attorney general Barbara D. Underwood has announced that, following a court decision in favor of the attorney general's office, the Donald J. Trump Foundation has signed a stipulation agreeing to dissolve under judicial supervision and with the oversight of the AG's Charities Bureau, with proposed recipients of the foundation's remaining assets subject to review and approval by the AG. 

In November, the New York Supreme Court decided to allow Underwood's suit — which also seeks restitution and penalties and to bar President Trump and his three eldest children from serving on the boards of other New York charities — to proceed. The suit remains ongoing despite the dissolution.

According to Foundation Center data, between 2006 and 2016 the Donald J. Trump Foundation awarded 286 grants totaling $6.6 million to 196 nonprofit organizations.

The Washington Post reports that the foundation's remaining $1.75 million in assets will be distributed to other charities. Assets under the foundation's control topped out at $3.2 million in 2009, while in recent years its largest gifts came from World Wrestling Entertainment mogul Vince McMahon and his wife, Linda, who currently heads the Small Business Administration, not Trump himself. The largest gift by the foundation appears to have been made in 1989, when it awarded $264,231 to the Central Park Conservancy to restore a foundation outside the Trump-owned Plaza Hotel; that same year — the year that Trump's oldest son turned eleven — the foundation awarded its smallest gift, $7, to enroll an unnamed boy in the Boy Scouts.

"Our petition detailed a shocking pattern of illegality involving the Trump Foundation — including unlawful 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."

 
 
--Philanthropy News Digest

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About Transparency Talk

  • Transparency Talk, the Glasspockets blog, is a platform for candid and constructive conversation about foundation transparency and accountability. In this space, Foundation Center highlights strategies, findings, and best practices on the web and in foundations–illuminating the importance of having "glass pockets."

    The views expressed in this blog do not necessarily reflect the views of the Foundation Center.

    Questions and comments may be
    directed to:

    Janet Camarena
    Director, Transparency Initiatives
    Foundation Center

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