President Donald J. Trump, Wednesday, Dec. 11, paid over $2 million in a court-ordered settlement to terminate the Trump Foundation lawsuit brought by the state of New York.
Last month, a New York judge instructed President Trump to pay the $2 million settlement.
As part of the settlement, President Trump was also ordered to donate the remainder of the Trump Foundation’s bank account, about $1.8 million.
The total settlement amount of $3.8 million was distributed among eight charities, New York Attorney General (AG) Letitia James announced on Tuesday, Dec 10.
The eight charities entitled to the funds are the Army Emergency Relief, the Children’s Aid Society, Citymeals-on-Wheels, Give an Hour, Martha’s Table, the United Negro College Fund, the United Way of National Capital Area, and the U.S. Holocaust Memorial Museum. Each received $476,14 said James.
Initially, James’s office pressed for $2.8 million in compensation and a $5.6 million fine.
President Trump was ordered to reimburse the foundation $11,525 for champagne and “sports paraphernalia” bought at a charity gala. He was also forced to admit his offense in misusing the foundation funds and agreed to comply with limitations and restrictions on future charitable work.
The AG also announced the Trump Foundation that was closed last December would be dissolved under supervision.
The lawsuit that was filed in June 2018 accused President Trump and his three eldest children of using the Donald J. Trump Foundation for political benefits. The suit by New York State alleged that President Trump and his three oldest children infringed the charitable foundation’s tax-exempt status to serve Trump’s business.
As part of the settlement, Donald Trump Jr., Ivanka Trump, and Eric Trump were ordered to satisfy mandatory training requirements that all three had completed.
James had timed her announcement of President Trump’s $2 million fine to divert attention from her office’s Tuesday loss against Exxon Mobil lawsuit, according to Trump Foundation lawyers Marc Mukasey and Alan Futerfas, who informed Fox News in an email statement.
James, who is a Democrat, had vowed last year to probe all business dealings of President Trump and his family when she assumed office.
The 61-year-old AG intended to use every area and aspect of the law to scrutinize President Trump and his business connections and that of his family. James stated that she wanted to “investigate anyone in his [President Trump] orbit who has, in fact, violated the law.”
Trump Foundation attorneys contended that the lawsuit was politically motivated, although a judge denied that. President Trump stated last month that James had intentionally mischaracterized the settlement for political motives.