The Kevin Spacey Foundation is set to be shut down following the sexual assault allegations made against the star.<br /><br />The 58-year-old disgraced actor was accused of several counts of sexual misconduct late last year, <br />and it has now been revealed that his charitable foundation – <br />which aimed to encourage young people in the performing arts<br /> will close after keeping the organisation running is "no longer viable".<br />The charity organisation was officially founded in 2008 in London, <br />during the former 'House of Cards' star's tenure as artistic director of the Old Vic theatre in the English capital from 2004 to 2015.<br />The organisation worked with young people in film, theatre and dance, <br />offering scholarships and awards, mentorships and educational programs for emerging talent.<br /><br />
