Economy

Clinton Foundation Donors Expected ‘Benefits In Return For Gifts’

An independent “governance review” conducted by a prominent law firm that specializes in philanthropic issues concluded in December 2010 that the Clinton Foundation had a weak, rubber stamp board of directors and that many of its donors had “an expectation of a quid pro quo benefits in return for gifts.”


The blistering review — made public Thursday by WikiLeaks — described a tax-exempt public foundation with none of the independent oversight required under federal charity law. The Clinton Foundation reported $187 million in net assets in 2011.


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Categories: Economy, Politics