Although "skim" is too mild a description of the vast funds collected but never quite making their way to actually helping those in need. Millions spent on private jets/5 star hotel at glitzy help-the-poor international conferences, etc. And only 9 to 15% of Foundations' funding actually donated to charity - depending on which source is reporting. Is there a term for the inverse of skimming? The relatively small amounts actually distributed to charities are more like skimming, with the vast majority of the funds tightly clutched to the Clinton Foundation bosom.
Oh and, by the by, the foundation’s $250 million was invested with a firm called Summit Rock Advisers, where Chelsea Clinton’s best friend Nicole Davison Fox is managing director. The two were classmates at Sidwell Friends School, and Davison Fox interned in the Clinton White House. She later served as matron of honor in Clinton’s wedding, and her husband was a founding employee of the hedge fund started by Clinton’s husband, Marc Mezvinsky.
https://nonprofitquarterly.org/philanthropy/25752-hillary-clinton-s-philanthropic-controversy-the-clinton-foundation.html
Pay Attention, Folks! That's two degrees of separation between the Clinton Foundation's hundreds of millions of unspent "donations" and Chelsea's husband's hedge fund. Gee, I wonder if Nicole's firm has parked Clinton Foundation funds in her husband's hedge fund?That would be Eaglevale Partners,noted by the Wall Street Journal to be vastly underperforming. https://in.finance.yahoo.com/news/nytimes-wrote-brutal-takedown-chelsea-140710252.html The answer to that query makes no difference to true believers, of course.
Meanwhile, Charity Navigator put the Clinton Foundation on its “watch list,” which warns potential donors about investing in problematic charities. The 23 charities on the list include the Rev. Al Sharpton’s troubled National Action Network, which is cited for failing to pay payroll taxes for several years.http://www.charitynavigator.org/index.cfm?bay=search.watchlist
We don't evaluate Bill Hillary & Chelsea Clinton Foundation.
Why not? We have determined that this charity's atypical business model cannot be accurately captured in our current rating methodology.
https://www.charitynavigator.org/index.cfm?keyword_list=Clinton+Foundation&Submit2=Search&bay=search.results
Also meanwhile,
Clinton charity refiles tax return after errors
Hillary Clinton’s family charity has said that it will refile its tax returns after failing to identify tens of millions of dollars donated by foreign governments, in a fresh embarrassment at the start of her presidential campaign.
The Clinton Foundation was already under scrutiny over suggestions that overseas entities showered it with cash while Mrs Clinton was US secretary of state from 2009 to 2013, hoping to win her favour.
The Foundation has now admitted that money from foreign governments was mistakenly combined with other donations in US tax filings over the course of serveral years.
http://www.thetimes.co.uk/tto/news/world/americas/article4424036.ece
Other nonprofit experts are asking hard questions about the Clinton Foundation’s tax filings in the wake of recent reports that the Clintons traded influence for donations.
“It seems like the Clinton Foundation operates as a slush fund for the Clintons,” said Bill Allison, a senior fellow at the Sunlight Foundation, a government watchdog group where progressive Democrat and Fordham Law professor Zephyr Teachout was once an organizing director.
Sunlight is a nonprofit transparency watchdog group funded in part since its founding in 2006 by George Soros' Open Society Institute, Ford Foundation, Omidyar Network and the John L. and James S. Knight Foundation, among many others.
https://sunlightfoundation.com/
In July 2013, Eric Braverman, a friend of Chelsea Clinton from when they both worked at McKinsey & Co., took over as CEO of the Clinton Foundation. He took home nearly
$275,000 in salary, benefits and a housing allowance from the nonprofit for just five months’ work in 2013, tax filings show. Less than a year later, his salary increased to $395,000,
In December 2014, the board of the Bill, Hillary and Chelsea Clinton Foundation approved a salary of more than $395,000, plus bonus, for its Yale-educated CEO, Eric Braverman, while voting to extend his board term through 2017, according to sources familiar with the arrangement.
Braverman, who had worked with Chelsea Clinton at the prestigious McKinsey & Company consultancy, had been brought in with the former first daughter’s support to help impose McKinsey-like management rigor to a foundation that had grown into a $2 billion charitable powerhouse. But in January, 2015,
only weeks after the board's show of support and just a year and a half after Braverman arrived, he abruptly resigned. Why? The back story is it was after a falling-out with the old Clinton guard over reforms he wanted to impose at the charity. Last month, 74 year old Clinton loyalist, Donna Shalala, a former secretary of health and human services under President Clinton, was hired to replace Braverman.
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