Clinton Charities

[DangerDave921]

Can someone tell me how family-run foundations work? I've read that nearly all of the Clintons' $10 million in charity has been given to their own foundation, and that nearly half of that has not been passed on to any actual charities.

[readmoreoften]

1. Please move his to GDP

We don't want any of this primary bickering crap in here.

[DangerDave921]

5. What?

How is this primary bickering crap? I was just asking a question how family foundations worked. Period. So I intentionally did not post in the Primary forum.

Awfully sensitive aren't we????

[Tesha]

2. A foundation isn't required to give all its money away.

They're simply required to give away (more-or-less) enough
money each year that absent new capital inflows, they would
continue to give away money in perpetuity and not grow their
endowment balance.

That is, they can't "profit" from their investments over
the long term; they have to give away the profits.

Tesha

[Marrah_G]

3. The foundations are a way to continue charitable donations indefinitely

If you spend all the money it is gone. If you spend a portion of it, the rest is left to gain interest and that interest is in turn used to make donations.

They cannot take the money out of the foundation for their own use.

Once given to the foundation it is no longer "theirs".

[stillcool]

4. There is a book...

that is available for free down-load due to it's copyright expiration. It is called 'The Rich and the Super-Rich' by Ferdinand Lundberg, and it has a chapter on philanthropy. There is also other good stuff available..
http://www.soilandhealth.org/03sov/0303critic/0303socialcriticism.html