Trump Foundation says “NYAG’s inaccurate statement … is a further attempt to politicize this matter.”

The Donald J. Trump Foundation agreed to dissolve “under judicial supervision” on Tuesday, as part of the New York State attorney general’s lawsuit against it alleging illegal conduct and “unlawful political coordination” to benefit President Trump’s personal and business interests.

Attorney General Barbara Underwood brought the suit against the Foundation in June, following a months-long investigation led by disgraced former New York Attorney General Eric Schneiderman.

On Tuesday, Underwood announced that, following a court decision in favor of the attorney general, the Foundation “signed a stipulation” agreeing to dissolve, distributing the remaining charitable assets of the Foundation “to reputable organizations approved” by her office.

“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 Tuesday.

In a statement to Fox News, Trump Organization attorney Alan Futerfas said the foundation has been looking to shut down since Trump was elected to office.

“Contrary to the NYAG’s misleading statement issued earlier today, 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,” Futerfas said in a statement to Fox News. “Unfortunately, the NYAG sought to prevent dissolution for almost two years, thereby depriving those most in need of nearly $1.7 million. Over the past decade, the Foundation is proud to have distributed approximately $19 million, including $8.25 million of the President’s personal money, to over 700 different charitable organizations with virtually zero expenses. The NYAG’s inaccurate statement of this morning is a further attempt to politicize this matter.”

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