Clinton Charities conducting Review of Tax Returns amid Scrutiny
The Clinton family's namesake foundation and signature health initiative have started reviewing several years of tax returns after questions were raised over charities’ reporting that foreign governments provided tens of millions of dollars in grants, said foundation officials on Friday.
The nod for the review has been given at the time of ongoing scrutiny of the foundation's donors and their political and business relationships with Hillary Rodham Clinton, a Democratic presidential candidate, and her husband, former President Bill Clinton.
The main focus of the scrutiny is on Clinton's tenure as secretary of state. It was a period when the foundation had vowed to restrict donations from foreign governments, get State Department clearance for new foreign donations and disclose all its donors.
It appears that the foundation did ignore those voluntary agreements in some instances, if not all. However, the foundation is no different than other nonprofit organizations, and thus required by law to file publicly available tax returns and provide details of broad categories of revenue and expenses. These also include the total financing it received from government entities.
Foreign governments have provided grants of heavy financing to Clinton Foundation and its work. The foundation also reported substantial income from government entities as recently as 2009, when more than $122 million in government grants has been indicated by tax returns.
The foundation did not report any financing at all for the next three years. According to Craig Minassian, a foundation spokesman, the foreign grants have been mistakenly showed into a different category, listing other grants, gifts and large contributions.
“We are in the midst of conducting a voluntary external review process and will determine whether to refile after that process is completed”, said Minassian.
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