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Response to stopbush (Reply #56)

Mon Jun 27, 2016, 05:21 PM

76. The primary reason for that is that unlike most charities, the Foundation has foreign gov'ts, huge

multinationals and a network of politically-connected donors and thus doesn't have to pay substantial advertising costs to raise funds. While it receives many small donations, it has a network of huge donors, including nation-states such as Saudi Arabia which contribute tens of millions of dollars.

Cumulatively, that has added up to some $3 billion over 41 years, much of that in recent years since Hillary left the State Department. According to a recent Washington Post article: https://www.washingtonpost.com/graphics/politics/clinton-money/

The grand total raised for all of their political campaigns and their family’s charitable foundation reaches at least $3 billion, according to a Washington Post investigation.

Their fundraising haul, which began with $178,000 that Bill Clinton raised for his long-shot 1974 congressional bid, is on track to expand substantially with Hillary Clinton’s 2016 White House run, which has already drawn $110 million in support.



The Washington Post observed a year earlier: https://www.washingtonpost.com/politics/clintons-raised-nearly-2-billion-for-foundation-since-2001/2015/02/18/b8425d88-a7cd-11e4-a7c2-03d37af98440_story.html

Foundation tax records show that it reported raising $1.69 billion in cash and pledges between 2001 and 2013, the last year for which documents are available. As of the end of 2014, donations reached nearly $2 billion, foundation officials confirmed. The scope of the foundation’s finances show the unparalleled fundraising power of one of the world’s most important political brands.

“To be raising $250 million a year, certainly puts them in the top ranks of U.S. nonprofits in terms of fundraising,” said Steven Lawrence, director of research for the Foundation Center, which studies philanthropy. Lawrence said the Clintons’ ability to draw support from overseas — a coveted goal for many U.S. charities and university endowments — was especially unusual.


. . .

The donor list shows that the foundation has relied most heavily on seven donors that have each given more than $25 million, including a foundation established by a Canadian mining magnate, Frank Giustra; the national lottery of Holland; and Chicago-based Democratic donor Fred Eychaner. Other major donors giving at lower levels run the gamut of industries and interests, such as the investment banking firm Goldman Sachs, beverage giant Coca-Cola, and the governments of Oman, Kuwait and the United Arab Emirates.



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