The Clinton Foundation’s revenue dropped again and reported a third-straight year of losses, according to news reports.
In 2013, the foundation had reported another $392.2 million in revenue. It raised another $344.4 million between 2014 and 2016.
“The foundation received less money from fundraising events and its service programs last year compared to previous years but kept investing tens of millions in the programs. Paid speeches accounted for $369,899 of the foundation’s intake, a mild uptick from the $297,976 it received in 2017 but a huge drop from $3.6 million in 2014,” Open Secrets wrote.
It added, “The foundation continued to chip away at its savings, burning more cash than it raised in 2018. With revenue of $30.7 million, it spent $47.5 million last year on payroll, grants, and promotion, among other items. It also scaled back spending on domestic grants and foreign activities compared to the prior year, but spent more in 2018 on advertising, promotions, and fundraising efforts.”
The foundation in 2015 amended tax returns before the 2016 elections, the report noted.
“The foundation’s disclosure of foreign government money from countries such as Qatar and Saudi Arabia as well as significant gifts from controversial donors such as Ukrainian oligarch Victor Pinchuk raised concerns about the influence of foreign powers on her 2016 presidential run,” Open Secrets said.
In 2017, the Clinton Global Initiative laid off most of its staff of about 100.
In 2018, a Trump administration official said that the FBI is investigating the Clinton Foundation.
The investigation into the Clinton Foundation, which is being led by U.S. Attorney John Huber, is ongoing.