Trump Shutting Down Controversial Family Charity

Trump's Charity Is In The Process Of Dissolving, 11 Months After His Promise

Last December, Trump said that in order to avoid conflicts of interest, his foundation would wrap up his work.

President Trump's charitable foundation increased its fund-raising and giving during his campaign previous year, even as it became the subject of criticism that prompted a decision to dissolve it, according to paperwork submitted this month to the I.R.S. According to the IRS documents, the Trump Foundation had $970,000 in assets as of the end of 2016. The foundation had assets of $970,000 by the end of 2016 and was awaiting approval from the office of state Attorney General Eric T. Schneiderman of NY to distribute those remaining assets, NBC News reports.

The giving also came at a time when the foundation was the subject of media reports documenting questionable financial practices, including reports of charitable donations that had not resulted in actual payments. President Trump tried to shut down the foundation after winning the election but was prevented from doing so by the New York Attorney General's office due to its ongoing investigation into the ambiguous organization.

The Washington Post reported Tuesday that the NY golf club settled a lawsuit with Martin Greenberg in 2010 over the payout for a golf tournament held at the club.

On Nov. 20, the 2016 IRS tax filing of the Donald J. Trump Foundation disclosed that the charity had initiated the process of dissolving.

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In a statement, a spokesperson for the foundation confirmed that it is being shuttered. The foundation was ordered to stop soliciting donations in October 2016 by the NY state attorney general's office. "The Foundation looks forward to distributing its remaining assets at the earliest possible time to aid numerous worthy charitable organizations".

The Trump Foundation raised $2.9 million and donated $3 million in 2016.

While Trump and his allies will likely spin the foundation's closing as a promise kept, it's important to remember that it's only being shut down because it was exposed as a complete sham organization. During that year's presidential race, the charity made more donations than it had from 2012 through 2015 combined.

$50,000, John J. Cafaro, an OH shopping center developer.

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