Clinton Foundation bleeding money with no Clintons in high office
The Bill, Hillary and Chelsea Clinton Foundation can no longer raise enough money to cover its expenses, ever since Hillary Clinton’s presidential campaign failed to propel her into an office from which she could dispense political favors. Clinton Foundation reports to the IRS for the last two tax years have demonstrated that without anyone to grant boons, fewer donors are interested in supporting it.
Andrew Stiles reports for the Free Beacon:
The Clinton Foundation reported a loss of more than $16 million in 2018, according to newly released tax records, marking the second consecutive year of losses since Hillary Clinton’s humiliating defeat to President Donald J. Trump in 2016.
The foundation reported total revenue of just $30.7 million, including $24.2 million worth of grants and contributions, a record low for the alleged “charity.” That figure was well short of the foundation’s total expenses for the year—$47.5 million— resulting in a net loss of $16.8 million.
The previous year, the Clinton Foundation reported a net loss of $16.1 million. In total, the organization has lost a staggering $32.9 million since Hillary Clinton’s lifelong quest for the presidency crumbled to dust in November 2016.
The contrast with previous years when political favors were a lure is striking:
The Clinton Foundation posted its highest revenue haul ($249 million) in 2009, the year Hillary was sworn in as President Barack Obama’s secretary of state. By 2013, the foundation had reported an additional $392.2 million in revenue, and went on to raise $344.4 million between 2014 and 2016.
Between 2008 and 2016, the Clinton Foundation reported total revenue in excess of $1.1 billion, or an annual average of $130.4 million. Needless to say, Clinton’s stunning failure to defeat Donald Trump in the 2016 election appears to have had a significant impact on the foundation’s ability to raise money.
US Attorney for Utah, John Huber, has been tasked with investigating the Clinton Foundation. So far there has not been a single leak out of his office over its work. That could mean either that they have turned up nothing, or that the investigation and grand jury are proceeding with the secrecy that the law demands.