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Bill Clinton raised $1.5 for Charity then pockets $450,000 of it [View All]

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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-10-08 12:30 PM
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Bill Clinton raised $1.5 for Charity then pockets $450,000 of it
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Talks not cheap for Bill Clinton

Chicago Tribune
April 10, 2008

When London socialite Renu Mehta sought to urge Britain's super-rich to give more to charity, she threw a fundraising dinner headlined by former President Bill Clinton, who has used his global star power to encourage large-scale philanthropy that stresses accountability.

Mehta declared the first gathering of her Fortune Forum, held Sept. 26, 2006, a rousing success. The event raised about $1.5 million and brought together dozens of billionaires, celebrities and activists to network about tackling such problems as global warming, water shortages and disaster relief.

But success came with a steep price. Fundraising costs consumed more than half of the proceeds, with $450,000 going to Clinton as a speaking fee, one of the largest he has collected as personal income.

Clinton's fee for his Fortune Forum appearance dwarfed the $280,000 the former president charged for a speech earlier in the day in London sponsored by a for-profit partnership and the $280,000 he received the next day for a speech in Dublin.>>>>snip

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