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Clintons Come Under Fire For New Revelations About Foundation Donations

Since it was founded in 2001, the Clinton Foundation has raised $2 billion. In 2013, $144.3 million was raised but only a small portion of that went to "life-saving work."

According to The Bill, Hillary and Chelsea Clinton Foundation, 88 percent of the money they raise goes to actual charity work. Yet, experts who have looked at the books say the number is actually 10 percent while the rest goes to salaries, benefits, travel and fund-raising.

Sean Davis, co-founder of The Federalist, a conservative online magazine, said “That claim is demonstrably false, and it is false not according to some partisan spin on the numbers, but because the organization’s own tax filings contradict the claim."

The soon-to-be-released book “Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich,” by Peter Schweizer has prompted several investigations into the relationship between Hillary Clinton's time as Secretary of state, the foundation's receipts of foreign donations and the ex-president's high-paying speaking engagements around the world.

Clinton spokesman Brian Fallon defended the foundation by saying there "isn't a shred of evidence" that Hillary did anything to benefit Clinton Foundation donors while in office. Davis said that The Clinton Foundation’s own IRS tax filings show the organization spent $8.5 million, or 10 percent of all 2013 expenditures, on travel, and another $4.8 million -- or 5.6 percent of all expenditures -- on office supplies.

Even CharityNavigator.org has added The Clinton Foundation to its "watch list" because the organization officials "have since determined that this charity's atypical business model cannot be accurately captured in our current rating methodology."

In 2012, the Better Business Bureau reported the Clinton Foundation did not meet the standards of an accountable charity, failing on six counts, largely because of a lack of transparent financial reporting. Bill Allison, a senior fellow at the government watchdog group, Sunlight Foundation, told the New York Post “It seems like the Clinton Foundation operates as a slush fund for the Clintons."

Moreover, while Clinton was secretary of state, the charity accepted millions of dollars from the head of Uranium One while the Russians sought approval from U.S. agencies to take over the company. Hillary Clinton had to approve the sale because it gave the Russians control of 20 percent of the uranium production in the U.S. During ongoing negotiations, Uranium One's chairman donated $2.3 million to the Clinton Foundation and Bill Clinton received $500,000 from a Russian firm promoting the company's stocks for a speech in Moscow.

None of these transactions appear in Clinton Foundation disclosures. A Washington Post investigation reveals Bill Clinton earned close to $100 million for speeches while his wife headed the State Department. Last week, the Clinton Foundation said they would redo their tax returns for the last five years.

Photo: Weekly Times of India.com

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