Oversight of Nonprofit Organizations: A Case Study on the Clinton Foundation [NOTES]
https://www.youtube.com/watch?v=qUYYxm0UF9A
Moynihan:
engaged in investigation of 501c3 - Clinton Foundation
'we are apolitical'
501c3 are vulnerable to abuse
has submitted probable cause to the IRS [AUG 11 2017]
Foundation operated outside the bounds of its approval from the IRS
-
Foundation acted as agent of foreign gov, wasn't reg with FARA
CF misrepresented themselves to donors
Euro country in dialog with CF for cashflow to support programs in 2002.
Average % of revenue for average 501c3: you hope no more than 15% admin costs
CF admin cost % of revenue: 60% (not complete number due to lack of subpoena)
Grants and allocation- 12%
Compensation, salary, benefits- 26%
travel- 8%
Other- 12%
Donations to CF went down once not in political power position
Did you come across pay to play? Yes, came across instances
Unit Aid formed in 2006, Mr Clinton and Gates on board, was biggest donor to CF
CF is private foundation/ public charity hybrid, modeled after global fund in Geneva
—- Mr Meadows gets serious
IS there probably cause of wrongdoing? YES
Mr. Clinton mixed and matched personal business with that of the foundation
Mr. Andy Kessel: "I know where all the bodies are buried"
Co mingling of funds
Interviewed another higher up in CF: "she stated funds were used as piggybank"
Initial approval was for a library, there was no modification.
Was there ever Quid Pro Quo? Yes
Dolye:
1.75mm not for profits in our nation
2/3rds are 501c3
Annual 1.74 TRILLION dollars (250% increase in the last 20 years)
Less that 1/10th of 1% gave 80% of the donations (to CF)
Email exchanges with foreign governments
Intentional misuse of donated funds.
CF was closely held family partnership to advance personal interest of its principles. Not a charity
FOLLOW THE MONEY
CF talking about health related activities when they were approved for a library
Email statement: "this is not a Clinton Foundation program per say"
So many examples of CF working with Foreign govs. Plainly obvious.
CF brokering money and pharmaceuticals.
CF was agent of money
—- Mr Meadows gets serious
IS there probably cause of wrongdoing? HUGELY
Interviewed Mr. Andy Kessel(sp?) on Nov 30 2016
Interviewed another higher up in CF: Referenced relationship BC and BGates who said they needed formal approval from IRS from activities from 2002 to 09. They lied on the application (schedule G) that it's not a successor org from previous
Open Criminal Investigation out of Little Rock, Arkansas
Maybe thats why HUBER didn't show
They sent docs to Sat Lake City Utah, contacted on 11/30/18
Sent letter to inform Horowitz of their submission to IRS