How Much Money Has The Clinton Foundation Raised

Hillary, Chelsea and Bill Clinton attend the Clinton Global Initiative in New York in September 2013. (AFP/AFP/Getty Images)

Since its cosmos in 2001, the Neb, Hillary and Chelsea Clinton Foundation has raised shut to $ii billion from a vast global network that includes corporate titans, political donors, strange governments and other wealthy interests, according to a Washington Post review of public records and newly released contribution data.

The total, representing cash and pledges reported in tax filings, includes $262 million that was raised in 2013 — the year Hillary Rodham Clinton stepped down as secretary of state and began to devote her energies to the foundation and to a likely second run for president.

The fiscal success of the foundation, which funds charitable piece of work around the globe, underscores the highly unusual nature of some other Clinton candidacy. The organization has given contributors entree, outside the traditional political loonshit, to a possible president. Foreign donors and countries that are likely to have interests earlier a potential Clinton administration — and still are ineligible to give to U.Southward. political campaigns — accept affirmed their support for the family'due south work through the charitable giving.

The Post review of foundation data, updated this month on the group's Web site to reflect giving through 2014, found substantial overlap between the Clinton political mechanism and the foundation.

Virtually one-half of the major donors who are backing Ready for Hillary, a grouping promoting her 2016 presidential bid, besides as nearly half of the bundlers from her 2008 entrada, have given at least $ten,000 to the foundation, either on their own or through foundations or companies they run.

The Clintons have relied heavily on their close ties to Wall Street, with donations from the financial services sector representing the largest share of corporate donors.

And many of the foundation's biggest donors are foreigners who are legally barred from giving to U.Southward. political candidates. A third of foundation donors who have given more than $1 million are foreign governments or other entities based outside the United States, and strange donors make up more than half of those who have given more than $5 million.

The prevalence of financial institutions, both foreign and domestic, equally major donors is probable to stir more unease in the Autonomous Party'south liberal base of operations, which is pushing Hillary Clinton to adopt a more populist and less Wall Street-focused economic calendar. The function of interests located in countries such as Saudi arabia, Qatar and Argentina may spur questions virtually the independence of a potential commander in primary who has solicited money from foreign donors with a stake in the deportment of the U.S. authorities.

'A philanthropy, catamenia'

Foundation officials said the organization's fundraising success reflects its rail record of achievement. They said many other foundations have a similar international donor base.

"The Clinton Foundation is a philanthropy, menstruation," said Craig Minassian, the group's principal communications officeholder. "We accept pride in our programs, our efficiency, and our transparency. Equally with other global charities, the Clinton Foundation receives the back up of individuals, organizations and governments from all over the world because our programs are improving the lives of millions."

Minassian said it was a "fake option to suggest that people who may be interested in supporting political causes wouldn't also support philanthropic piece of work."

Nick Merrill, a spokesman for Hillary Clinton, declined to comment.

The foundation, which Bill Clinton created presently afterwards leaving the White House in 2001, has become one of the world'due south fastest-growing philanthropies.

It consists of multiple charitable initiatives that deal with climate change, HIV drug access and economic evolution in poor areas. One program, led by Hillary and Chelsea Clinton, seeks to better the lives of women and girls.

The foundation has won accolades from philanthropy experts and has fatigued bipartisan support, with members of the George Westward. Bush-league administration often participating in its programs. Major donations take come from figures such as Christopher Ruddy, the chief executive of the bourgeois Spider web site Newsmax.com and a erstwhile critic of Bill Clinton.

Foundation revenue enhancement records show that it reported raising $i.69 billion in greenbacks and pledges between 2001 and 2013, the final year for which documents are available. As of the end of 2014, donations reached virtually $2 billion, foundation officials confirmed.

The scope of the foundation'due south finances testify the unparalleled fundraising ability of one of the world's almost important political brands.

"To be raising $250 meg a year, certainly puts them in the top ranks of U.South. nonprofits in terms of fundraising," said Steven Lawrence, director of research for the Foundation Eye, which studies philanthropy.

Lawrence said the Clintons' ability to describe back up from overseas — a coveted goal for many U.S. charities and university endowments — was specially unusual.

"Information technology's all about building networks and connections," Lawrence said, calculation that donors are probable attracted both personally to the Clintons and to the highly regarded philanthropic work of their foundation.

The donor listing shows that the foundation has relied virtually heavily on 7 donors that have each given more $25 one thousand thousand, including a foundation established by a Canadian mining magnate, Frank Giustra; the national lottery of Kingdom of the netherlands; 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, drink giant Coca-Cola, and the governments of Oman, Kuwait and the United Arab Emirates.

Foundation officials say some of their public back up comes from competitive grants that are too available to other charities.

Concerns in late 2008

The foundation's fundraising sparked concerns in belatedly 2008 when President-elect Barack Obama was preparing to nominate Hillary Clinton to be secretarial assistant of land. Some Republicans, raising the prospect of conflicts of interest, criticized the fact that the foundation's donors were kept secret.

The Clintons struck a deal with the Obama administration to brainstorm posting lists of its contributors online and to accept some restrictions on support from foreign governments.

As part of the deal, the Clinton Global Initiative, which brings together world leaders, industries and charities to discuss global issues, was split from the foundation during Hillary Clinton'due south tenure at the Land Section. In 2013, after she stepped downward as secretarial assistant of state, the foundation and the global initiative were reintegrated. The newly published donor list is the first to provide a public accounting of the cumulative giving to both groups.

In posting its donor data, the foundation goes beyond legal requirements, and experts say its transparency level exceeds that of well-nigh philanthropies.

Merely that transparency has limits. The foundation identifies its donors inside wide ranges — $i million to $5 meg and greater than $25 million, for instance. And the foundation tallies the giving of each donor only cumulatively, making it difficult to track trends in giving over time.

Every bit a result, it is not possible to determine how much particular donors contributed in the months since Hillary Clinton joined the foundation in 2013.

Even so, the arrangement has stepped up its solicitation efforts in apprehension of soon losing one of its principal fundraisers to the entrada trail — building a $250 meg endowment designed to provide some long-term stability.

The recent efforts have at times looked like a political entrada. A contest offered foundation donors the chance to win a free trip to New York to attend a Clinton gala and have a photo taken with the former offset couple.

Hillary and Chelsea Clinton hosted a "Millennium Network" event in 2013 aimed at cultivating a younger generation of philanthropists. According to an invitation, there were vi tiers of donations, ranging from $150 for individuals to $fifteen,000 for a couple seeking a photograph with Hillary Clinton.

The Post review found that the foundation provided another way for the Clintons' longtime political donors to support the family's endeavors between election campaigns. The analysis relied on a list of bundlers compiled by the advocacy group Public Citizen using campaign disclosures and news reports. Each donor had by and large raised at least $100,000 for her 2008 campaign.

Susie Tompkins Buell, for case, a shut Clinton friend and 2008 fundraiser who has given to Prepare for Hillary, has donated as much every bit $x million to the foundation from her charitable fund.

Haim Saban, the billionaire creator of the Mighty Morphin Power Rangers and 1 of the Clintons' most-prolific political givers, has donated as much as $25 million to the foundation.

Buell and Saban did not respond to requests for comment.

The overlap betwixt the Clintons' political network and their charitable piece of work was apparent Friday, when Dennis Cheng stepped down as the foundation's chief development officer ahead of his expected role as a key fundraiser for Hillary Clinton's 2016 campaign.

U.Southward.-regulated donors

Some major foundation donors are corporations that are regulated by the U.South. government.

Tenet, a wellness-care giant that has been investigated in the past for overbilling Medicare, has given $ane.75 million to the Clinton Foundation since 2012 to fund local health programs, such as ane promoting more HIV testing in the Palm Springs, Calif., area, where the visitor has a major infirmary.

"We really believe in their health-intendance model — the community-based model," said Daniel Waldmann, Tenet's senior vice president for public diplomacy.

The newly updated foundation donor list shows that, despite the restrictions on foreign-government back up imposed during Hillary Clinton's tenure as secretary of state, the foundation continued to rely heavily on non-U.S. sources. The Wall Street Periodical reported Wednesday that the foundation has now lifted the foreign-government restrictions.

The data shows that some major donors represent international interests that accept faced scrutiny from the U.Due south. authorities.

All three Clintons, for case, have attended meetings and individual events with Victor Pinchuk, a Ukrainian steel magnate who has faced formal complaints in the United states for unfair trade practices. Spokesmen for the Clintons and Pinchuk waved away whatever suggestion of a conflict between the donor'due south regulatory concerns and the charitable contributions to the foundation.

"No aid with any business concern issues has now or ever been sought from the Clinton Foundation or its principals," said Thomas Weihe, a spokesman for the Kiev-based Pinchuk Foundation.

He said Pinchuk supported the Clinton effort because of the foundation'due south tape and the "unique capacity of its principals to promote the modernization of Ukraine."

Source: https://www.washingtonpost.com/politics/clintons-raised-nearly-2-billion-for-foundation-since-2001/2015/02/18/b8425d88-a7cd-11e4-a7c2-03d37af98440_story.html

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