Clinton Foundation is hemorrhaging cash now that there’s not a Clinton in office

This is pretty funny. The Center for Responsive Politics (which runs the Open Secrets website, tracking political donations) has posted the latest round of tax returns for the Clinton Foundation.

When Hillary Clinton was Secretary of State, the Clinton Foundation posted $249 million in revenues. Many of these donors were people who just happened to have business before the State Department.

See this Vox article, which lists 181 Clinton Foundation donors that lobbied Clinton’s State Department.

And this Associated Press article on how many Clinton Foundation donors showed up for meetings at the State Department:

At least 85 of 154 people from private interests who met or had phone conversations scheduled with Clinton while she led the State Department donated to her family charity or pledged commitments to its international programs, according to a review of State Department calendars released so far to The Associated Press. Combined, the 85 donors contributed as much as $156 million. At least 40 donated more than $100,000 each, and 20 gave more than $1 million …

The 154 did not include U.S. federal employees or foreign government representatives. Clinton met with representatives of at least 16 foreign governments that donated as much as $170 million to the Clinton charity, but they were not included in AP’s calculations because such meetings would presumably have been part of her diplomatic duties.

Folks on the left used to lose their minds if you suggested that the Clintons were using their foundation to sell influence. In fact, this was the central point of the controversy of Clinton’s server. (No, the email scandal was not actually about email. It was about why she felt she needed to have a separate line of communications while at the State Department in violation of laws regarding the retention of government records. Did she not want people doing business with the foundation to be archived through public records laws, where their correspondence would then be made available to journalists and other political observers?) Incidentally, Clinton’s legal team negotiated an agreement with James Comey that any communications related to the Clinton Foundation would be exempt from the FBI’s review. Comey negotiated this agreement even as several FBI field offices were investigating the foundation. Thus, if the Clintons were selling influence, the government would not have known. And yet the Clintons still hate James Comey.

At any rate, now that there is not a Clinton in any government position, the foundation has posted three straight years of financial losses and is raising about a tenth of the revenues at its peak. The latest is a loss of $16.8 million on revenue of $30.7 million in 2018. The foundation director continues to be paid $362,000 despite the rapid decline in fundraising.

Here is their latest tax return.

Whereas the Clinton Foundation was raking in money from countries and business leaders with global interests during her tenure in government, most of the money donated to the foundation now comes from only 9 donors.

Probably all a strange coincidence, however, and has nothing to do with selling influence.

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