It does, however, require the foundation to provide a list of other nonprofits to which it will donate its remaining assets within the next 30 days.
The state attorney general filed a lawsuit against the Trump Foundation in June, accusing it of "persistently illegal conduct".
New York Attorney General Barbara Underwood led the battle against the Trump Foundation and celebrated Tuesday's news.
When Underwood's office filed its lawsuit during the summer, Trump tweeted that the complaint was "ridiculous" and "I won't settle this case!"
Futerfas said that the attorney general's office was giving a misleading account of what led to the charity's dissolution in a "further attempt to politicize this matter" and that the state's resistance was "depriving those most in need of almost $1.7 million".
Underwood said the foundation's decision to shutter was "an important victory for the rule of law". So what did the Trump Foundation spend money on?
Suspected Strasbourg Shooter Reportedly Killed By Police
Police are now focusing their investigation on whether Chekatt had any help in carrying out his attack or while on the run. Chekatt was a Strasbourg-born man with a lengthy criminal record who also had been identified as a security risk.
Donald Trump presents a mock check from the Trump Foundation representing $100,000 to members of the Puppy Jake Foundation, which provides military veterans with trained service dogs, in Davenport, Iowa, on January 30, 2016.
As part of the agreement, the Trump Foundation will dissolve under judicial supervision. Trump had boycotted a Republican presidential debate and held what he described as a fundraiser for veterans instead.
At one point, Trump used the charity's money to make a $25,000 political donation to Florida Attorney General Pamela Bondi (R).
"The Donald J. Trump Foundation has abused the rules governing non-profit charitable foundations and admitted to breaking the law", Citizens for Responsibility and Ethics in Washington (CREW) Executive Director Noah Bookbinder said in a statement on Tuesday. The money also was used to benefit Trump's business interests by settling legal claims against it, for example, Underwood said. Fahrenthold won a Pulitzer Prize in 2017 for his reporting on the foundation and Trump's charitable contributions. "It is good to see this fraud is finally over".
Underwood referred the office's findings to the IRS and the Federal Election Commission.
State investigators asked Weisselberg what the foundation's policies were to determine whether its payments were proper.
The foundation has never had more than a few million dollars in the bank, peaking at $3.2 million in 2009, according to WaPo.
[T] he Parties agree that the Foundation should be dissolved and agree to the entry of an order...dissolving the Foundation, annulling its Certificate of Incorporation, and terminating the corporate existence of the Foundation.