Clinton foundation foreign donors


CLINTON FOUNDATION INVESTMENTS SUMMARY



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CLINTON FOUNDATION INVESTMENTS




SUMMARY




Year1

Total Investments

Equity securities

Certificates of deposit

Endowment funds

Programmatic investments

Other


Investment Return

Investment Income

2013

18,369,258

0

1,545,585

14,649,160

2,174,513




719,260

159,457

2012

3,449,166

7,500

1,811,109

292,3022

1,363,066




521,106

487,358

2011

2,640,096

7,500

200,000

267,491

2,165,105




164,826

68,423

2010

645,630







304,026







238,026

52,088

2009

468,304







260,804







204,096

196,780

2008

1,460,988







233,301







2,576,4563

2007

6,484,9374

57,8875

1,200,0006

07




227,0508

3,024,4769

2006

1,422,056

200,000

1,000,000

168,806




53,25010

1,060,759

2005

384,564

181,750

100,000

102,814







294,343


In 2004, Clinton Foundation Changed Its Method Of Accounting, As Described Below Under “Investment Definitions And Values.”


Year11

Total Investments

Equity securities

Certificates of deposit

Endowment funds

Programmatic investments

Other


Investment Return / Income

2004

648,723

648,72312

0

0







-275,316

2003

227,09513

227,095
















2002

191,41014

191,410


















INVESTMENT DEFINITIONS AND VALUES



2013-2012: “Cash Equivalents Consisted Primarily Of Money Market Accounts With Brokers.” “The Clinton Foundation considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2013 and 2012, cash equivalents consisted primarily of money market accounts with brokers.” [Clinton Foundation, IRS Form 990, 11/19/14]

  • 2012-2011: “Cash Equivalents Consisted Of Money Market Accounts Held With Brokers And A Repurchase Agreement With A Financial Institution.” [Clinton Foundation, IRS Form 990, 9/10/13]


Clinton Foundation Investments In Securities Were Calculated At Fair Value Or Cost. “Investments in equity securities having a readily determinable fair value and in all debt securities are carried at fair value. Other investments are valued at the lower of cost (or fair value at time of donation, if acquired by contribution) or fair value.” [Clinton Foundation, IRS Form 990, 11/19/14]
Clinton Foundation: “Investment Return Includes Dividend, Interest And Other Investment Income; Realized And Unrealized Gains And Losses On Investments Carried At Fair Value; And Realized Gains And Losses On Other Investments.” [Clinton Foundation, IRS Form 990, 11/19/14]
Clinton Foundation: All Securities Held By The Clinton Foundation As Of 2013 Were “Money Market Funds, Equity Securities And Mutual Funds.” “Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include money market funds, equity securities and mutual funds. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. The Clinton Foundation did not have any Level 2 or Level 3 measurements at December 31, 2013 or 2012.” [Clinton Foundation, IRS Form 990, 11/19/14]

ENDOWMENT AND 2013 UPTICK



CLINTON FOUNDATION RECONSOLIDATED WITH CLINTON GLOBAL INITIATIVE IN 2013, BOOSTING REVENUE AND EXPENSES
Clinton Foundation Chief Financial Officer Andrew Kessel: “In 2013 The Foundation Reconsolidated The Clinton Global Initiative Into Its Operations…Tax Document Shows A Corresponding Increase In Both Revenue And Expenses.” [Associated Press, 11/19/14]
CLINTON FOUNDATION BEGAN ITS ENDOWMENT DRIVE IN FY2013
Clinton Foundation: “The Clinton Foundation Endowment Was Created During The 2013 Fiscal Year.” [Clinton Foundation, IRS Form 990, 11/19/14]
Associated Press: Clinton Foundation “In 2013 Began Raising Money For An Endowment To Benefit Current Programs And Expand Into New Areas.” “‘In 2013 the Foundation reconsolidated the Clinton Global Initiative into its operations. As such, the ... tax document shows a corresponding increase in both revenue and expenses,’ the foundation's chief financial officer, Andrew Kessel, said in a statement. Kessel also said the foundation in 2013 began raising money for an endowment to benefit current programs and expand into new areas.” [Associated Press, 11/19/14]
Clinton Foundation: Through 2013, The Clinton Foundation Had Not “Used Or Invested Any Of The Endowment Funds Received” Because An Investment Committee Had Not Yet Adopted Policies And Procedures. “During 2014, the Foundation’s newly formed Investment Committee will approve and adopt investment policies and procedures to ensure that endowment funds and their related returns are spent in accordance with UPMIFA and donor’s intent and maintain the appropriate amount of risk and return for the Foundation’s purposes. The Foundation has not used or invested any of the endowment funds received (or any net appreciation from these funds classified in temporarily restricted net assets) during 2013 and will not do so until the Investment Committee approves and adopts the appropriate investment policies. For this reason, all endowment funds received during 2013 are held in cash and cash equivalents.” [Clinton Foundation, IRS Form 990, 11/19/14]
CLINTON FOUNDATION HAD RAISED $248 MILLION FOR ITS ENDOWMENT AS OF FEBRUARY 2015
CNN: Between 2011-2015, “Cheng Has Raised $248 Million For The Foundation Endowment.” “Since joining in 2011, Cheng has raised $248 million for the foundation endowment and worked diversify the group's priorities. Foundation Spokesman Craig Minassian said ‘Dennis... expanded our ability to support programs that are strengthening health systems and improving access to lifesaving medicines in the developing world, helping communities confront the effects of climate change, creating economic opportunity, empowering women and girls and reducing childhood obesity and other preventable diseases in the United States.’” [CNN, 2/9/15]
February 2015: Clinton Foundation Chief Development Officer Dennis Cheng Left The Foundation And Was Expected To Become Hillary Clinton’s Finance Director Ahead Of A 2016 Presidential Campaign. “Dennis Cheng, the Clinton Foundation's chief development officer, is leaving the philanthropic organization this week to join Hillary Clinton's nascent pre-campaign. Cheng, who is expected to serve as Clinton's finance director once the campaign officially kicks off, is currently pulling double duty for the Clintons by finishing his role at the foundation and starting to build a 2016 campaign fundraising team, according to a source.” [CNN, 2/9/15]
Bloomberg: Clinton Foundation “Raised $200 Million In 10 Months For Their Foundation’s Endowment.” “Bill, Hillary and Chelsea Clinton raised $200 million in 10 months for their foundation’s endowment, positioning the nonprofit to survive even if its cash-collecting namesakes engage in a 2016 presidential run.” [Bloomberg, 6/6/14]
2012: Clinton Foundation Endowment Was $292,000. “Bill Clinton, advised by longtime aide Doug Band, created the Clinton Foundation shortly after leaving the White House in 2001. In 2012, it took in $54.7 million in revenue and ended the year with $183.6 million in assets. Its endowment, though, was just $292,000.” [Bloomberg, 6/6/14]
CLINTON FOUNDATION RELIED ON LARGE DONORS FOR MOST OF ITS ENDOWMENT DRIVE
Bloomberg: “With Four-Fifths Of Their $250-Million Target In The Bank” The Clintons Changed “Fundraising Strategies To Include Small Donors.” “With four-fifths of their $250-million target in the bank, they are also changing fundraising strategies to include small donors -- a tactic that would create a list that could be politically useful, as well.” [Bloomberg, 6/6/14]
Bloomberg: In Building The Endowment, “The Clintons’ Initial Appeals For Foundation Money Were To Contributors Who Could Give $1 Million Or More.” “The Clintons’ initial appeals for foundation money were to contributors who could give $1 million or more. Those answering that call included Irish cell phone billionaire Denis O’Brien, and Bill Austin, owner of Minnesota’s Starkey Laboratories. Others were charities founded by Mexican billionaire Carlos Slim Helu -- the world’s second richest man -- and one run by Chicago venture capitalist J.B. Pritzker and his wife.” [Bloomberg, 6/6/14]
Those Who Contributed At Least $1 Million To The Clinton Foundation Endowment Included Denis O’Brien, Bill Austin, Carlos Slim Helu’s Charity, And J.B. Pritzker’s Charity. “The Clintons’ initial appeals for foundation money were to contributors who could give $1 million or more. Those answering that call included Irish cell phone billionaire Denis O’Brien, and Bill Austin, owner of Minnesota’s Starkey Laboratories. Others were charities founded by Mexican billionaire Carlos Slim Helu -- the world’s second richest man -- and one run by Chicago venture capitalist J.B. Pritzker and his wife.” [Bloomberg, 6/6/14]
2014: Clinton Foundation Officials Were “Compiling A List Of Investment Management Firms To Maintain The [Endowment] Fund” And Getting Ready To “Put Out A Request For Proposals.” “The foundation’s officials are compiling a list of investment management firms to maintain the fund, and will soon put out a request for proposals, a foundation official familiar with the strategy said.” [Bloomberg, 6/6/14]
CLINTON FOUNDATION PLANNED TO INCLUDE ENDOWMENT SUPPORTERS IN ANNUAL PUBLIC DISCLOSURES
Bloomberg: “The Backers Of The Endowment Will Be Listed Along With Other Supporters In Annual Public Disclosures Going Forward.” [Bloomberg, 6/6/14]




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