https://www.cnn.com/2018/12/18/politics/trump-foundation-dissolve/index.html

President Donald Trump’s personal charitable foundation has agreed to dissolve under judicial supervision amid an ongoing lawsuit concerning its finances, according to a document filed Tuesday in Manhattan Supreme Court by the New York state Attorney General’s office.
The dissolution of the Donald J. Trump Foundation resolves one element of the attorney general’s civil lawsuit against the foundation, which includes claims that the President and his three eldest children — Don Jr., Ivanka and Eric — violated campaign-finance laws and abused its tax-exempt status. Rather than operating it as a genuine charity, the lawsuit alleges, they instead allowed it to be used “as little more than a checkbook to serve Mr. Trump’s business and political interests.”
The agreement to dissolve, signed by both an attorney for the foundation and Attorney General Barbara Underwood’s office, also allows the attorney general’s office to review the recipients of the charity’s assets. The foundation’s most recent tax return listed its net assets at slightly more than $1.7 million.