Saturday, September 17, 2016

Does this raise any questions?

Clinton Foundation Spent Less Than 6 Percent On Charitable Grants In 2014
During the 2014 tax year, the tax-exempt foundation spent a total of $91.2 million, but less than $5.2 million of that money, or 5.7 percent, was granted to charitable organizations, the group’s tax filings show. The Clinton Foundation raised nearly $178 million in 2014. The organization’s charitable grants also declined significantly when compared to its donations in 2013. Compared to its 2013 charitable grants of $8.8 million, the Clinton Foundation’s grants in 2014 declined by more than 40 percent, even as its revenue over the same period increased by 20 percent. According to the tax filings, the Clinton Foundation is currently sitting on $354 million in assets, including $125 million in cash or cash equivalents and $108 million in property or equipment.

Oddly, if you visit some of the Charity rankings, they are claiming that the Clinton Foundation spends 86% of their money on charity programs. Looks to me that if you are sitting on over $125 million in cash, it's pretty much obvious that you cannot be spending 86% of revenues on Charity.

A couple of years ago, these same Charity rankings did not include the Clinton foundation as a charity, because they did not fit enough of the profile to even qualify. One has to wonder how they went from not qualifying to getting four stars and a determination that 86% of the money raised goes to charity.

6 comments:

Loretta said...

"One has to wonder how they went from not qualifying to getting four stars and a determination that 86% of the money raised goes to charity."

The good people of Haiti would like to know the same thing.

Coldheartedtruth Teller said...

http://www.politifact.com/punditfact/statements/2016/sep/01/hilary-rosen/democrat-pundit-clintons-get-no-personal-benefit-f/

Our ruling

Rosen said, "The Clinton Foundation is a charity where President and Secretary Clinton and their daughter, they take no salary, they get no money from it, they take no personal benefit from it."

Rosen’s claim is correct on its face. The Clintons do not take any sort of paycheck, bonus or fees from the Clinton Foundation.

It is possible the foundation has boosted the Clintons’ public image since Bill Clinton left office, and this has helped them command hefty speaker fees and book advances, and it’s also given them extra opportunities to mingle with the global elite. But they may have gotten these benefits even without the Clinton Foundation. Their celebrity primarily comes from their track record in politics.

We rate her claim Mostly True.

The tax report is included at the link.

wphamilton said...

The question is what exactly does the Charity Navigator include in the Clinton Foundation "Program Expenses"? On the site it explains it as "spent on the programs and services it delivers". Charitable grants are 9%. IRS form 990

From other sources, the "programs and services" for the most part aren't directly charities, but are instead efforts to influence policy. So for all we know the 87% goes to lobbyists and gifts.

Anonymous said...

Rosen’s claim is correct on its face. The Clintons do not take any sort of paycheck, bonus or fees from the Clinton Foundation.
_________________________________________________________________________________________________________________________________________

no, they just bill every fucking expense under the sun to the crime family foundation.

rosen knows this and chooses to play a semantics game that liberals will fall for but intelligent people will not.



Myballs said...

Stop leaning on politifact as if it's unbiased and objectives. It is not.

Commonsense said...

Actually Rosen (and Politifact) believes that people are too stupid to see through the semantics game.

And judging from the last presidential election they are about half-right.