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Trump Foundation reaches deal to dissolve

NEW YORK — New York’s attorney general and Trump Foundation lawyers filed a joint stipulation in a court Tuesday laying out a process for shutting down the charity and distributing its remaining assets to other nonprofit groups.

New York’s Attorney General Barbara Underwood alleged in a lawsuit last spring that Trump had illegally operated the foundation as an extension of his businesses and his White House campaign. That lawsuit will continue.

Trump had long pledged to dissolve the foundation and donate its remaining funds to charity, but his lawyers said they were thwarted by the attorney general’s office, which wanted oversight over the process.

Foundation officials first announced their intention to shut down more than a year ago.

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