Kevin Spacey was already removed from his namesake organization in November, but now the entire foundation has been shuttered.
The Kevin Spacey Foundation, a British non-profit that aimed to help young people in the performing arts, announced Tuesday that it will cease operations effective Wednesday.
"The Trustees have reached the conclusion that the work of the Kevin Spacey Foundation UK is no longer viable and as such the Foundation will be closing on the 28 February 2018," a statement on the company's web site reads.
"The Trustees would like to thank all their partners, artists and organisations for the great work that has been done in association with the Foundation. The Trustees hope that the objects of the charity will be taken forward by other organisations."
The Kevin Spacey Foundation was opened in 2008, while the Oscar winner was serving as artistic director of The Old Vic theatre in London.
Over the past several months, Spacey has been accused of sexual misconduct by more than a dozen men, beginning with Anthony Rapp, who claims the actor sexually assaulted him when he was just 14.
Spacey has since been fired from "House of Cards" and was replaced in Ridley Scott's "All the Money in the World."
He is currently under investigation by Scotland Yard.
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