“Some of these transactions have put millions in their own pockets.” “During Hillary’s years of public service, the Clintons have conducted or facilitated hundreds of large transactions,” writes author Peter Schweizer, according to The New York Times, which first reported the story. They raise questions about shady foreign money flowing into the Clinton Foundation - and what actions Hillary took in her official capacity in exchange for the cash. The claims in “Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich” come just a week after she launched her presidential campaign. Records show that of the $105 million the former president raked in from speeches over 12 years, about half came during his wife’s four-year tenure at the State Department. Hillary Rodham Clinton used her clout as secretary of state to do favors for foreign donors who gave millions to her family foundation - and who paid millions more to her husband, Bill, in speaking fees, a new book charges. Some of the tens of millions in administrative costs finance more than 2,000 employees, including aid workers and health professionals around the world.īut that’s still far below the 75 percent rate of spending that nonprofit experts say a good charity should spend on its mission. In all, the group reported $84.6 million in “functional expenses” on its 2013 tax return and had more than $64 million left over - money the organization has said represents pledges rather than actual cash on hand.
None of the Clintons are on the payroll, but they do enjoy first-class flights paid for by the Foundation. On its 2013 tax forms, the most recent available, the foundation claimed it spent $30 million on payroll and employee benefits $8.7 million in rent and office expenses $9.2 million on “conferences, conventions and meetings” $8 million on fund-raising and nearly $8.5 million on travel. The group spent the bulk of its windfall on administration, travel, and salaries and bonuses, with the fattest payouts going to family friends. The Clinton family’s mega-charity took in more than $140 million in grants and pledges in 2013 but spent just $9 million on direct aid. The Clinton Foundation’s finances are so messy that the nation’s most influential charity watchdog put it on its “watch list” of problematic nonprofits last month. Charity Watchdog: Clinton Foundation A ‘Slush Fund’įacebook 0 Twitter 55 livefyre 2006 Email Print
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