Trump will dissolve his charity amid lawsuit alleging he used it as his personal 'checkbook'

Donald Trump.
(Image credit: SAUL LOEB/AFP/Getty Images)

President Trump's charity is shutting down.

Amid a lawsuit alleging the president used the Trump Foundation for personal and political gain, the charity agreed to "dissolve" and donate its "remaining assets" to approved charities, New York Attorney General Barbara Underwood announced Tuesday. Trump tried to get the state lawsuit thrown out as recently as last month, but a judge ruled it could proceed. The suit effectively claims that "persistently illegal conduct" turned the charity into Trump's personal piggy bank.

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