Condi Rice taking reins of Jeb Bush’s education foundation

[NYC_SKP]

5. Foundations are often just money laundering and influence peddling machines.

I was studying a few IRS Form 990s today and the IRS instructions for completing the forms and Schedules.

A foundation can pay anyone any salary and benefits it likes.

It can buy every employee a Ferrari, a condo in different cities around the world, and travel and dinners and pay lobbyists.

And the requirements for publicly reporting the details are very loose.

Jeb Bush's Form 990 here: http://static.excelined.org/wp-content/uploads/ExcelinEd-2013-990.pdf

Clinton Family Foundation here: https://www.clintonfoundation.org/sites/default/files/clinton_foundation_report_public_11-19-14.pdf

Form 990 filing instructions: http://www.irs.gov/pub/irs-pdf/i990.pdf