The Clinton Foundation’s revenues have finally begun to catch up with the misleading, demoralizing (to actual nonprofits) and obviously corrupt unreality of its 5-star, Platinum, top-rated “recognition” from every charity rating organization on the planet. Which is to say, as of March, 2017, according to its recently published audited financial statements and 2017 IRS Form 990 tax return: Clinton Foundation is no longer financially associated with the Clinton Health Access Initiative (CHAI).
That means that Clinton Foundation, with stated revenues of $38,439,854 for 2017 is just like the program it’s featuring on its website right now: “Too Small to Fail.”
Oh, how the mighty have fallen. Oh, how the vaunted revenue of over $150 million a year has shrunk from the fascinating “anonymous” donors, and oh how the administrative and fundraising percentage, even calculated with every accounting and allocation trick in the book including some ridiculous ones (100% of “supplies” allocated to “programs”) has bloated to an official 25%.
The reality is: in 2017, the Clinton Foundation paid its top “executives” a total of more than $3.2 million and few perform any program-related activities, much less offer measurable, quantifiable deliverables. As I’ve written many times before, the Clinton Foundation’s programs are words and photos on a web page with minimal, or no, tangible results.
The unhappy recipients of the $400,000 audit and tax contract for the Clinton Foundation for 2017 were Cohn/Reznick. Knowing what I do about charitable operations, I both pity and blame every one of this Foundation’s accountancy firms, from Little Rock, AR-based BKD, LLP (who are actually blamed on the website and in the current Cohn/Reznick statements for ‘inaccuracies’) to PriceWatershouseCooper (PwC) which issued the much-examined statements during the 2016 Presidential campaign. There is no way $400,000 would compensate for the bloody trainwreck these statements and tax returns represent.
To those familiar with the CF’s long, shameful saga, it looks like Ira Magaziner may well be Bill Clinton’s “former BFF” because CHAI, the only part of the organization that ever did anything, as mediocre and questionable as it was, has broken off as of March 2017 to attempt to survive. Magaziner’s AFS (audited financial statements) and 990s show he earns well over $400,000 as head of CHAI so he has a motive to fight to survive.
So, of course, do the Clintons.
Good old “Too Small to Fail,” the amazing “initiative” … words on a web page, photo ops at the Library paid for by our taxpayer dollars.
I would *love* to be paid over $200,000 a year to read children’s books to school kids one day a year. Wouldn’t you?
As to “Jumpstart,” they do not list the Clinton Foundation on their website as a supporter or a “partner.” Their (legitimate, volunteer-based) program “reaches” about 13,000 children a year (so 600 of them were in the library on October 25, supposedly), primarily through college student literacy volunteers.
Now check this out — as always, Clinton Foundation is “partnering” with somebody or something. In this case: laundromats.
Now as to the Coin Laundry Association, this is what they’re up to (the most recent posts before this were from a trade show in 2016).
Near as I can figure, Clinton Foundation gave its remaining “executive” employees raises of up to 50% (excluding Bruce Lindsay, whose salary hasn’t changed) while its revenues plummeted by more than 80%.
Now? Something’s “Too Small to Fail” … the Clinton Foundation.
What, at this point, does it matter?
Oh! I know everyone will want to visit the Clinton Foundation website and give more: look how much good they are doing for Haiti!
CHAI is a Boston-based nonprofit organization which negotiated HIV/AIDS drugs agreements for a variety of nations in Africa, South America, and Asia. Oft-credited by Clinton spokespeople on various news outlets as “having cured child AIDS worldwide,” in reality, CHAI takes guaranteed cash from UNITAID, levies upon European air travel to pay for HIV/AIDS assistance in poor nations. In a scheme somewhat similar to the Clinton Foundation Narcan scheme, the poor nations received some medication free but need to use their own funds to purchase more. The reality is: some of the drugs were always substandard and it is far from “charity” or a “cure for HIV/AIDS.” Now health threats like malaria and infant mortality receive some form of “assistance” from the plane ticket levies.