2016 Postmortem
Related: About this forumIn 2008 and 2013 Most of Clinton's "charity" Donations went to Clinton Foundation
The campaign made sure to emphasize that Hillary's charitable givings "represented 10.8 percent" of her total income in 2014, however, more than half of that money - $1.8 million - was sent to the Clinton Foundation.
http://www.hngn.com/articles/116271/20150805/the-clintons-sent-half-of-their-charitable-donations-to-their-own-charity-in-2014.htm
Most of Clintons' Charitable Donations Went to Family Foundation
By Matthew Mosk
Washington Post Staff Writer
Sunday, April 6, 2008; Page A09
Bill Clinton's book "Giving" devotes a great deal of space to the charitable habits of the world's wealthiest inhabitants, and it details some of his own efforts on behalf of AIDS patients and victims of natural calamities.
This Story
TAX WRITE-OFFS ON $109 MILLION: Most of Clintons' Charitable Donations Went to Family Foundation
What Would $109 Million Buy?
But it was only on Friday afternoon, when his wife's presidential campaign released family tax returns for the past eight years, that the world got a glimpse at how he and Sen. Hillary Rodham Clinton (D-N.Y.) have managed the tough kitchen-table decisions about how to parcel out their own wealth -- including the $6.3 million Bill Clinton received as his "Giving" advance.
After earning more than $109 million over eight years, the Clintons took tax write-offs for $10.2 million in charitable contributions. In most of those years, that money was donated to the Clinton Family Foundation...
http://www.washingtonpost.com/wp-dyn/content/story/2008/04/05/ST2008040502593.html
Stallion
(6,474 posts)I'm sure Warren Buffett and Bill Gates primarily donated to their Foundations too. Actually Buffett gave the largest gift in History to the Gates Foundation BUT he is one of the 3 Trustees of the Gates Foundation. Bill Gates gave his own Foundation 26 Million by 2006
http://www.gatesfoundation.org/Who-We-Are/General-Information/Foundation-FAQ
choie
(4,111 posts)Both she and Bill don't have to pay income taxes and instead get a tax deduction for donating to their own foundation; a foundation from which they can exchange donations from other rich donors for political and financial deals! Yay!!!!God bless America!!
Stallion
(6,474 posts)So it does not make any difference tax-wise if they gave donation to the Clinton Foundation or any other qualified charity
choie
(4,111 posts)Clearly not.
Stallion
(6,474 posts)All Foundations expend funds to achieve their charitable purposes.
immoderate
(20,885 posts)Any clearer? You say it's fair because anybody rich enough can take advantage of the same feature.
--imm
Stallion
(6,474 posts)then that would be legal. There are numerous federal regulations that define and outline what can and can not be done and the expenditure of Foundation funds has to be public disclosed in forms reported to the IRS. Example, foundation funds could be expended to promote an initiative in Africa that might require travel and lodging by foundation representatives who might be the Clintons or say their daughter on behalf of the foundation. The foundation may need an attorney to comply with the laws of foreign nations for work conducted in that foreign nation-just pulling name out of a hat but say Sidney Blumenthal. If responding to famine in a foreign country, the Foundation has to pay some entity to purchase humanitarian aid, transport the assistance to the affected zone and distribute aid to the people. Could be a multi-million dollar contract to perform the services-and it would probably be an entity that the Clinton's have confidence to do the job. The scope of a Foundation promoting International charitable work is similar to the structure of a corporation with a similar organization, employees and representatives needed to accomplish the foundation's charitable purpose. Its not simply writing a check its a non-profit business like organization that performs the actions that a corporation would to accomplish its goals. In the end, it was their money in the first place-now because of their generous gift- fully authorized by Federal tax law-its assets are owned by the public subject to compliance with Federal tax law. If you don't like charitable Foundations and the policy of the Tax Code to reward private gifts to charities then that's another question. But there is nothing morally or legally wrong with what the Clinton have done with their own assets
Skink
(10,122 posts)There are all kinds of tax avoidance schemes.
Cheese Sandwich
(9,086 posts)Response to Cheese Sandwich (Reply #3)
artislife This message was self-deleted by its author.
pandr32
(11,582 posts)The Clinton Foundation has done so much important work. Hillary uses much of the income she receives from the paid appearances and speeches she gives to companies that use them for PR purposes, to charity.
And before any outrage, I will just drop this here:
http://www.factcheck.org/2015/06/where-does-clinton-foundation-money-go/
choie
(4,111 posts)Just one of the many examples:
http://harpers.org/blog/2016/02/nor-a-lender-be/
Lord Magus
(1,999 posts)Why wouldn't they send their donations to the charity they know best?
immoderate
(20,885 posts)No scam here.
--imm
Lord Magus
(1,999 posts)immoderate
(20,885 posts)--imm
MineralMan
(146,302 posts)for their charitable donations. That way, they can administer their donations in a way they can control. It's a pretty darned common thing to do. Often, it leads to a larger percentage of the donation being used for specific purposes. In addition, a foundation can accept charitably donations from others as well, who think the foundation is doing good work.
I have no problem with such private foundations. Many are doing great things around the world.
Response to amborin (Original post)
artislife This message was self-deleted by its author.
Lord Magus
(1,999 posts)Response to Lord Magus (Reply #17)
artislife This message was self-deleted by its author.