I can’t say I’m terribly surprised to be informed that the Clinton Foundation accounting appears to be more than a little shady:
The Bill, Hillary & Chelsea Clinton Foundation filed Its 2016 Annual Report to California on Form RRF-1 seven days past the final deadline on Nov. 22, 2017. This key document was subsequently rejected.
That means the best-known Clinton charity has not been operating in full compliance with California laws for months, an adverse fact that should have been disclosed in other U.S. states where Clinton charities solicit donations, especially including New York.
Another glaring problem with the rejected California filing is that the total revenues of $77 million declared for the whole of the Clinton Foundation are much less than the $217 million in combined grants and contributions claimed on its 2016 external audit, which is available on page 5.
The calculation is: Total contributions of $135,445,489 plus total grants of $81,153,172 equal combined revenues of $216,598,561, which rounds up to $217 million. This large discrepancy is only part of the problems facing the Clinton Foundation in California.
On Feb. 22, 2018, Becerra demanded receipt of information concerning “all government funding, including grants from foreign governments” received by the foundation during 2016. The deadline for receipt is March 24, 2018.
California charity laws are tougher than those in many other U.S. states. In California, for example, charities must disclose particulars concerning all government grants, including those by foreign government entities.
These particulars, including amounts, are available to state regulators because California also requires that charities disclose (confidentially) the names of all donors giving 2 percent or more of total revenues in a given year, as listed on Schedule B of their federal tax filings.
The Clinton Foundation’s 2016 federal filing poses additional problems. Total revenues declared in Part VIII, line 1h, were just $63 million, or $14 million less than the amount declared on the California RRF-1 filing — and a whopping $154 million less than the figure independently confirmed by auditor CohnReznick.
It’s also a little remarkable that the Clintons continue on their rapacious mission to rake in more and more money… and for what? They both look like death mildly reheated these days. Hillary can’t even navigate a simple set of stairs. What on Earth will another million, or ten million, do to improve their quality of life one iota?