- Wed Apr 29, 2015 12:37 pm
#57408
New York Times - The charity run by the Clintons has raised $2 billion since it was founded in 2001 -- $144.3 million in 2013 alone -- but only a small fraction of the take went to its “life-saving work,” according to IRS analysts who monitor non-profits.So let me get this right. They argue that the audit is wrong because they lied on their IRS returns over the last five years so that makes everything OK. When does the oooops, my bad ever end with the Clintons?
The Bill, Hillary and Chelsea Clinton Foundation claims 88 percent of the money it raises goes to actual charity work, but experts who have looked at the books put the number at about 10 percent. The rest, they say, goes mostly to huge salaries, benefits, luxury office buildings including $10 million for Chelsea's apartment, travel and fund-raising.
The Clinton foundation claims the audit is wrong because it's based upon their tax filings to which they've admitted are wrong for the last five years and will have to be refilled. They defended the expenditure of $10 million for Chelsea's apartment as a legitimate operating cost since she is key to the charity's success and it allows her to be near their main office.
