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The Clinton Foundation is a ‘slush fund’ for the Clintons, says watchdog

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Unread 04.28.15, 08:24 AM
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The Clinton Foundation is a ‘slush fund’ for the Clintons, says watchdog

04.27.15 11:54 AM

The Clinton Foundation operates under an “atypical business model” and serves as a “slush fund for the Clintons,” according to a pair of nonprofit watchdog groups.

In the midst of a series of revelations that the Clinton Foundation failed to appropriately report controversial donations from foreign governments to both the White House and to the IRS, one group has watchlisted the Clinton family’s charity organization; another has dismissed the Clinton Foundation as a back avenue for the Clintons to enrich themselves.

“It seems like the Clinton Foundation operates as a slush fund for the Clintons,” Sunlight Foundation senior fellow Bill Allison told the New York Post recently for a piece on the Clinton Foundation’s tax scandal. The Sunlight Foundation, notes the Post, is a government watchdog with progressive roots.

Meanwhile, philanthropy watchdog group Charity Navigator won’t even rate the Clinton Foundation as a nonprofit entity because the foundation’s “atypical business model…doesn’t meet our criteria,” the Post reports:
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.

Some of the tens of millions in administrative costs finance more than 2,000 employees, including aid workers and health professionals around the world.

But that’s still far below the 75 percent rate of spending that nonprofit experts say a good charity should spend on its mission.

… Charity Navigator put the foundation on its “watch list,” which warns potential donors about investing in problematic charities. The 23 charities on the list include the Rev. Al Sharpton’s troubled National Action Network, which is cited for failing to pay payroll taxes for several years.

Warning donors away from outfits like the National Action Network and the Clinton Foundation might count as a service to good-hearted wealthy folks looking for a place to invest their conscience. But no amount of watchlisting is going to dissuade foreign governments from taking Hillary Clinton up on her invitation to essentially bribe the State Department by giving to her family’s charity.

The post The Clinton Foundation is a ‘slush fund’ for the Clintons, says watchdog appeared first on Personal Liberty.

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