The Clinton Foundation is described as being a charitable organization. Charitable to whom?
According to an Investor’s Business Daily editorial page review of the Clinton Foundation’s 2013 IRS form 990, the “charity” spent 87 percent of its money on salaries, conferences, travel and other overhead. Nearly 30 percent was spent on compensation. The Clintons spent more on travel and conferences than they did on grants.
The CEO was paid nearly $400,000 and a director was paid nearly $500,000.
Meanwhile, The Wall Street Journal points out the double standard being applied to the Clintons. The paper repeats the facts about how the chairman of a Canadian company donated more than $2 million to the Clinton Foundation while Hillary Clinton was secretary of state and the company was seeking State Department approval of a sale of stock to a Russian company while a Kremlin bank was paying Bill Clinton a $500,000 for a speech in Moscow.
No quid pro quo here. Move along. Nothing to see.
Foreign Corrupt Practices Act, WSJ notes, prohibits gifts that are essentially “a vehicle to conceal payments made to corruptly influence foreign officials.”
Companies have paid millions in fines for relatively small gifts to overseas charities run by people with the power to return the favor. WSJ cites examples.
Bill Allison, a senior fellow at the Sunlight Foundation, a government watchdog group, is quoted as saying by the New York Post, “It seems like the Clinton Foundation operates as a slush fund for the Clintons.”