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In reply to the discussion: Clinton Foundation gets 'A' rating for spending 88-89% of funds on charity [View all]leveymg
(36,418 posts)76. The primary reason for that is that unlike most charities, the Foundation has foreign gov'ts, huge
multinationals and a network of politically-connected donors and thus doesn't have to pay substantial advertising costs to raise funds. While it receives many small donations, it has a network of huge donors, including nation-states such as Saudi Arabia which contribute tens of millions of dollars.
Cumulatively, that has added up to some $3 billion over 41 years, much of that in recent years since Hillary left the State Department. According to a recent Washington Post article: https://www.washingtonpost.com/graphics/politics/clinton-money/
The grand total raised for all of their political campaigns and their familys charitable foundation reaches at least $3 billion, according to a Washington Post investigation.
Their fundraising haul, which began with $178,000 that Bill Clinton raised for his long-shot 1974 congressional bid, is on track to expand substantially with Hillary Clintons 2016 White House run, which has already drawn $110 million in support.
Their fundraising haul, which began with $178,000 that Bill Clinton raised for his long-shot 1974 congressional bid, is on track to expand substantially with Hillary Clintons 2016 White House run, which has already drawn $110 million in support.
The Washington Post observed a year earlier: https://www.washingtonpost.com/politics/clintons-raised-nearly-2-billion-for-foundation-since-2001/2015/02/18/b8425d88-a7cd-11e4-a7c2-03d37af98440_story.html
Foundation tax records show that it reported raising $1.69 billion in cash and pledges between 2001 and 2013, the last year for which documents are available. As of the end of 2014, donations reached nearly $2 billion, foundation officials confirmed. The scope of the foundations finances show the unparalleled fundraising power of one of the worlds most important political brands.
To be raising $250 million a year, certainly puts them in the top ranks of U.S. nonprofits in terms of fundraising, said Steven Lawrence, director of research for the Foundation Center, which studies philanthropy. Lawrence said the Clintons ability to draw support from overseas a coveted goal for many U.S. charities and university endowments was especially unusual.
. . .
The donor list shows that the foundation has relied most heavily on seven donors that have each given more than $25 million, including a foundation established by a Canadian mining magnate, Frank Giustra; the national lottery of Holland; and Chicago-based Democratic donor Fred Eychaner. Other major donors giving at lower levels run the gamut of industries and interests, such as the investment banking firm Goldman Sachs, beverage giant Coca-Cola, and the governments of Oman, Kuwait and the United Arab Emirates.
To be raising $250 million a year, certainly puts them in the top ranks of U.S. nonprofits in terms of fundraising, said Steven Lawrence, director of research for the Foundation Center, which studies philanthropy. Lawrence said the Clintons ability to draw support from overseas a coveted goal for many U.S. charities and university endowments was especially unusual.
. . .
The donor list shows that the foundation has relied most heavily on seven donors that have each given more than $25 million, including a foundation established by a Canadian mining magnate, Frank Giustra; the national lottery of Holland; and Chicago-based Democratic donor Fred Eychaner. Other major donors giving at lower levels run the gamut of industries and interests, such as the investment banking firm Goldman Sachs, beverage giant Coca-Cola, and the governments of Oman, Kuwait and the United Arab Emirates.
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Clinton Foundation gets 'A' rating for spending 88-89% of funds on charity [View all]
Triana
Jun 2016
OP
The Clintons have had more lies told about them than any couple in the history of the world.
MohRokTah
Jun 2016
#11
But ... Are they really lies, if one really wants to believe it AND ...
1StrongBlackMan
Jun 2016
#29
remember all the political dramaists who would shake their heads sadly at the mention of the Clinton
MariaThinks
Jun 2016
#12
K&R. Thank you, thank you so much for posting this! This is who the Clintons really are
lunamagica
Jun 2016
#22
They are in line with some of the best charities that keeps overhead very low
Sheepshank
Jun 2016
#28
What help did Peterson provide provide? ... Or, did you just make that up?
1StrongBlackMan
Jun 2016
#32
Okay ... I read the page and saw that the Peterson Foundation gave money to CGI-America ...
1StrongBlackMan
Jun 2016
#39
Yes you did ... you made up the lie that the Peterson Foundation help the Clinton Foundation ...
1StrongBlackMan
Jun 2016
#66
reliance on the Post hoc ergo prompter hoc fallacy to better reinforce a deeply treasured bias.
LanternWaste
Jun 2016
#57
I know who Peterson is and what he represents; but, again, how is his contribution ...
1StrongBlackMan
Jun 2016
#52
Yes ... It's best to keep that practice in the safety that online line toughness allows.
1StrongBlackMan
Jun 2016
#75
A primary goal of the Peterson Foundation. Not of the Clinton Foundation.
Midnight Writer
Jun 2016
#92
Exactly, I am quiet proud of President Carter and Clinton, they continued to work for
Thinkingabout
Jun 2016
#58
Once again, there is no scandal...but that won't stop the GOP from lying over and over.
Rex
Jun 2016
#38
Having checked on a few charities in the past, 89% is excellent, about as good as it gets
bhikkhu
Jun 2016
#43