The Clinton Foundation is a Huge Slush Fund for the ClintonsPrivate foundations are generally financially supported by one or a small handful of sources—an individual, a family, or a corporation. There are a few different kinds of private foundations: independent, family, and corporate. These categories are not legally defined. Rather, they are commonly used in the field of philanthropy to distinguish the different kinds of private foundations. Private foundations must pay out at least five percent of their assets each year in the form of grants and operating charitable activities. A private operating foundation is a kind of private foundation and must operate under similar rules. However, it does not have to pay out 5 percent or more of its assets each year in grants. Instead, it must carry out its own charitable purposes. All private foundations are 501(c)(3) organizations. Under the Internal Revenue Code, a charity is presumed to be a private foundation unless it can prove that it is a public charity. [Council on Foundations]
The Clinton foundation only donates 5.6% of their earnings to charity [the minimum required by law], despite Hillary knowingly and blatantly lying to the American people by claiming they donated 90% at the last debate, but she is counting on you to not do research, and her mainstream media to not report it.
The Clintons make all their charitable contributions to their private foundation, the Clinton Family Foundation. It is basically a pass-through, the kind of charity commonly used by many wealthy people. It does no direct charitable work but passes money to others. Hillary and Bill Clinton passed $23.2 million between 2001 and 2015 to their foundation. That figure comes from the Clintons’ joint tax returns, which the Democratic nominee has released. In that 15-year period — the years since the Clintons left the White House — they earned about $237 million in adjusted gross income, much of it from speaking fees and book royalties. So Clinton and her husband donated about 9.8 percent of their adjusted gross income to their slush fund to spend as they wish. [Source]
From "The Top 100 Most Damaging Wikileaks":
24. "Bill Clinton Inc." How millions of dollars were raised for the Clintons. Blurred lines between personal and Foundation money
https://wikileaks.org/podesta-emails/emailid/32240 (in attachments)
- “Throughout the past 11 years since President Clinton left office, I have sought to leverage my activities, including my partner role at Teneo, to support and raise funds … to support the Clinton Foundation and President Clinton personally."
- "We also have solicited and obtained, as appropriate, in-kind services for the president and his family – for personal travel, hospitality, vacation and the like.”
- "...more than $50 million in for-profit activity...”
- "We appreciate the unorthodox nature of our roles."
The Clinton Foundation even hired a law firm to find out if their pay-to-play scheme would jeopardize their charitable status with the IRS.
Doug Band (who was to Bill what Huma Abedin is to Hillary) described his work as running "Bill Clinton Inc." Essentially, the memo describes Teneo as the revenue-generating arm of Clinton, Inc. - for Clinton speeches, foundation money, etc. It also details quite a bit of offshore money that came in.
Band was selling his clients on idea that giving to the Foundation was a way to bolster their influence.
19. Clinton Foundation schemed with Big Pharma: keep the price of AIDS drugs high in America and NO to cheaper generic versions124 references to "quid pro quo" and "pay to play" across WikiLeaks Clinton, Podesta & DNC emails https://t.co/qjGQHgomYN— WikiLeaks (@wikileaks) October 27, 2016