WASHINGTON—YouTube has agreed to pay $24.5 million to settle a 2021 lawsuit that President Trump brought against the company and its chief executive over its suspension of Trump’s account after that year’s riot at the U.S. Capitol, according to court papers.

The settlement makes YouTube, which is owned by Alphabet’s Google, the final Big Tech company to settle a trio of lawsuits Trump brought against social-media platforms in the months after he left the White House. Meta Platforms agreed in January to pay $25 million, most of it to a fund for Trump’s presidential library, and X agreed to pay $10 million, much of it going directly to Trump, The Wall Street Journal previously reported.

Google executives were eager to keep their settlement smaller than the one paid by rival Meta, according to people familiar with the matter. Trump’s share of the settlement—$22 million—will go to the nonprofit Trust for the National Mall, earmarked for the construction of a Mar-a-Lago-style ballroom Trump is building at the White House, according to the court documents. The White House has said the ballroom, expected to cost $200 million, would be funded by donations from Trump and “other patriot donors.”

A further $2.5 million will go to the other plaintiffs on the case, a group that includes the American Conservative Union and writer Naomi Wolf. The settlement doesn’t mention attorney fees.