Clinton Foundation Faces Imminent Collapse As Corporations Stop Donations

The Clinton Foundation (founded in 1997 as the William J. Clinton Foundation), and from 2013 to 2015, briefly renamed the Bill, Hillary & Chelsea Clinton Foundation, is a non-profit organization under section 501(c)(3) of the U.S. tax code. It was established by former President of the United States Bill Clinton with the stated mission to "strengthen the capacity of people in the United States and throughout the world to meet the challenges of global interdependence." Its offices are located in New York City and Little Rock, Arkansas. Through 2016, the foundation had raised an estimated $2 billion from U.S. corporations, foreign governments and corporations, political donors, and various other groups and individuals. The acceptance of funds from wealthy donors has been a source of controversy. The foundation "has won accolades from philanthropy experts and has drawn bipartisan support". Charitable grants are not a major focus of the Clinton Foundation, which instead uses most of its money to carry out its own humanitarian programs. This foundation is a public organization to which anyone may donate and is distinct from the Clinton Family Foundation, a private organization for personal Clinton family philanthropy. According to the Foundation's website, neither Bill Clinton nor his daughter, Chelsea Clinton (both are members of the governing board), draw any salary or receive any income from the Foundation. When Hillary Clinton was a board member she reportedly also received no income from the Foundation.









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