The Clinton Foundation – Grease two

Chelsea Clinton got her Masters in Public Health Education. That means you work on health education – to the public, as in explaining how it works. Ironically, she goes to work for McKinsey and Company, a company that specializes in business acquisitions and management consulting performing quantitative and qualitative consulting including restructuring and downsizing. Odd, but I don’t see what that has to do with ‘Public Health’. Because, it doesn’t.

She then goes on to work for Avenue Capital Group – a Hedge Fund that focuses on distressed debt and equity securities. Not exactly sure how that matches ‘Public Health’ education.

From there she worked for the “Clinton Foundation”, no surprise. Then NBC suddenly hires her as a ‘special correspondent’... with absolutely NO experience at a whopping starting salary of $600,000 which was more than many of the seasoned ‘journalists’!  Whoa!

Okay, so maybe her Bachelors Degree was something of worth…. Nah, it was in History. As in I want to be researcher or librarian, or some such thing. So now we have a history major with a switcheroo to Public Health working in one of the largest and most prestigious business acquisition companies, then in a hedge fund company and finally as a journalist given obvious preferential treatment – but the Clinton’s are just your “Average Family, Guy Girl”… Certainly, no strings pulled there…  Awwww, how sweet….

Her esteemed husband just tanked his hedge fund losing 90% of its value in just a few short years. The value loss is purported to be in excess of $25 million. Oops. Like father – like son…

According to the latest Clinton Foundation Form 990 filed for 2014, Chelsea is now considered a part and parcel of the foundation – although she receives no salary or compensation as an officer or director because those individual salaries are required to be specifically illustrated.   SURPRISE!  A total of $2.2 million was reported, in contrast to the official ‘other category’ of wages reported as a whopping $24.9 million for which delineation is not required. Hmmmm, do you think that’s where her salary was hidden? Hello?  Hello?  Gee whillakers, can’t imagine…

Again, total salaries, benefits and such amounted to about $34.5 million, IT expenses – as in Hillary’s email server – amounted to over $2 million, travel and conferences were over $20.4 million (that’s for ONE year people), office rent was $4.6 million (that’s $383,333 per MONTH), and some ambiguous expenses listed as ‘Other’ totaling about $4.3 million – as in not representative or worthy of discussion.

After all was said and done – they spent $5.1 million on actual grants – as in their total charitable contributions, on total expenditures of $91 million. That equates to about 5.5% on expenses and about 2.8% on revenues, which were $177.8 million… Yeehah!! Included in revenue was government grants of about $15.2 million – as in which governmentz??… The Saudis and Qataris??  Hello?

Yawn. They lost money on ‘program related investments’, as in they invested money and lost it so they decided to call it a Foundation investment instead of a personal investment which would be subject to an annual cap on losses of $3000. Whohooo!   Now it is 100% a write-off.

They lost money on fundraising, to the tune $1.1+ million, and lost money on their CDI Farming Program, which of course is one of their mainstay definitions for their 501(c)(3) status as a Foundation.

However, they did spend $12.3 million on the Clinton Presidential Center, more than TWICE as much as they spent on Grants, and a fancy way of saying a museum for Bill and Hillary, against feeble revenues of just $3.5 million. Another loss. Tch. Tch.

Their fundraising events showed a net Loss of about $1.1 million. Their largest Grant, $2 million, was to the Alliance For A Healthier Generation which is chaired by Chelsea Clinton. Oops..  Again, no conflict of interest there. Oddly, this organization is apparently also funded by The Department of Defense Healthy Base Initiative. What’s that?  Sounds like a Clinton arm twist to me.

Endowment Funds have gone from a minimal $250,000 just three years prior to $150,791,965 as of 2014. WOW! That’s a 600% increase in three years!  Gimme!

About $55 million in contributions to the Foundation came from just 8 ‘unnamed’ individuals. Ewww, we can guess who these unnamed are – Saudi Arabia, Qatar, Kuwait – come to mind… Soros, of course.

They had $3.6 million in ‘speech revenues’ that went to the tax free Foundation as opposed to Bill and Hillary individually. Huh, how does that work? I think it’s called “tax evasion”.

Most importantly, they took a whopping $177.8 million in revenue and spent just $91 million leaving a nice tax free package of $86.5 million or about 50%. Gee, for a charitable organization, they sure aren’t very ‘charitable’.    But then – they believe government should fund welfare, not silly wealthy, mainstream wealthy – individuals… Unless, of course, they are running for office, and then any guy, person, who has more money than them – is subject to defamation and denigration and should be anteing up or be ridiculed hence forth!  Oh, but that only applies to those making more than ummmm  $250 million per year – as in the “Middle Class”.

Because it isn’t about wealth, it’s about how pissed they are that someone else has – more!