Earlier this week, a rather dim Hillary Clinton fluffer named Kurt Eichenwald (to get the full effect you need to pronounce the last name with the ‘ch’ sounding like you are hacking up a loogie and a ‘v’ for the ‘w’ because what follows could has its spiritual ancestry in the Völkischer Beobachter) wrote an impassioned defense of the Clinton Foundation (a tax subsidized operation) while criticizing the business ties of Donald Trump’s various businesses:
The financials audited by PricewaterhouseCoopers, the global independent accounting company, and the foundation’s tax filings show that about 90 percent of the money it raised went to its charitable programs. (Trump surrogates have falsely claimed that it was only 10 percent and that the rest was used as a Clinton “slush fund.”) No member of the Clinton family received any cash from the foundation, nor did it finance any political campaigns. In fact, like the Clintons, almost the entire board of directors works for free.
The “Trump surrogate” Eichenwald quotes here is none other than the notorious Trumpkin at The Federalist, Sean Davis. (I hope you can see the ‘sarcasm’ tag there because Sean is as far from a Trump surrogate as you can be.)
Back in April of 2015, Sean did a report, based on public financial statements filed by the Clinton Foundation, that showed a pittance of the money they vacuum in is used for anything other than enriching the Clintons and providing jobs for otherwise unemployable leftwing activists.
Between 2009 and 2012, the Clinton Foundation raised over $500 million dollars according to a review of IRS documents byThe Federalist (2012,2011, 2010, 2009, 2008). A measly 15 percent of that, or $75 million, went towards programmatic grants. More than $25 million went to fund travel expenses. Nearly $110 million went toward employee salaries and benefits. And a whopping $290 million during that period — nearly 60 percent of all money raised — was classified merely as “other expenses.” Official IRS forms do not list cigar or dry-cleaning expenses as a specific line item. The Clinton Foundation may well be saving lives, but it seems odd that the costs of so many life-saving activities would be classified by the organization itself as just random, miscellaneous expenses.
Now Sean has followed up on his original report using more recent data and the picture is even worse:
The Clinton Foundation spent less than 6 percent of its budget on charitable grants in 2014, according to documents the organization filed with the Internal Revenue Service (IRS) in 2015.
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.
The Clinton Foundation spent more on rent and office supplies than it did on program delivery. And when it gave grants, it gave them to other non-profits run by Clinton cronies:
Supplemental tables within the Form 990 filed with the IRS show that the Clinton Foundation’s largest charitable grant was a $2 million payment to the Alliance for a Healthier Generation (AHG), a joint project founded by the Clinton Foundation and the American Heart Association. Bruce Lindsey, the board chairman for the Clinton Foundation in 2014, also served on AHG’s board that year, according to the organization’s 2014 tax filings. Of the $16.3 million AHG organization spent in 2014, only $349,022, or 2.1 percent, was spent on charitable grants, the group’s tax filings show.
The Clinton Foundation’s largest single charitable grant to an organization not founded by the Clinton Foundation or managed by one of its board members was a $700,000 check to the J/P Haitian Relief Organization, a non-profit founded by actor Sean Penn. That organization reportedly spent more than $126,000 on first-class flights for the actor. Other charitable grants from the Clinton Foundation included $200,000 for the Tiger Woods Foundation and $37,500 for the Sesame Workshop in New York City.
It is pretty incredible that this ongoing criminal conspiracy and money laundering operation has been allowed to flourish. While the press has been obsessed with the chump change Donald Trump’s charity manages, it has ignored the hundreds of millions of dollars the Clinton Foundation has turned into the property of the Clintons and their close associates while paying no taxes.