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CLINTON FOUNDATION AMENDS TAX RETURNS, DISCLOSES MILLIONS IN FOREIGN CONTRIBUTIONS


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clinton-foundation-amends-tax-returns-discloses-millions-foreign-contributionsBrietbart:

The Clinton Foundation will “amend” its tax returns for the last four years, to correct “errors in the report of donations from foreign governments,” as reported by Fox News.

 

Foundation President Donna Shalala said in a statement that the returns were revised after a voluntary review of the charity’s past tax returns. She added that the corrections were not required by law.

 

“There is no change in our bottom line numbers: assets, liabilities, and net assets,” Shalala wrote in a statement to the foundation’s supporters that was obtained by Reuters. “There is nothing to suggest that the Foundation intended to conceal the receipt of government grants, which we report on our website.”

 

The amended Form 990 tax returns were for the years 2010, 2011, 2012, and 2013. An affiliated charity, the Clinton Health Access Initiative, also amended its returns for 2012 and 2013.

 

The foundation now reports receiving $20 million in government funds between 2010 and 2013, most of it from foreign governments. The foundation had neglected to state its government funding separately from other funding sources in its original returns.Scissors-32x32.png

 


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No big deal. Foreign governments giving money to the sitting Secretary of State's (or possible future President's) foundation. They are just generous.

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No big deal. Foreign governments giving money to the sitting Secretary of State's (or possible future President's) foundation. They are just generous.

I'm sure it's just generosity - my badwink.png

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Clinton Foundation Running Private Equity Fund in Colombia

 

The Clinton Foundation is operating a $20 million private equity firm in Colombia, raising concerns from government and consumer watchdog groups who say the practice is unusual and could pose a significant conflict of interest.

 

The Bogota-based company, Fondo Acceso, could also lead to uncomfortable questions for Hillary Clinton as she criticizes the private equity industry on the campaign trail.

 

Fondo Acceso was founded by Bill Clinton, Mexican billionaire Carlos Slim, and mining magnate Frank Giustra in 2010, financed with a $20 million joint contribution from the Clinton Foundation’s Clinton-Giustra Sustainable Growth Initiative and the SLIM Foundation.

 

According to the firm’s Spanish-language website, Fondo Acceso is “a Private Equity Fund that seeks investment opportunities in the small and medium Colombian compan[ies] with the purpose of obtaining economic and social returns.”

 

However, the line between the firm and the Clinton’s nonprofit world is hazy. Fondo Acceso is run out of the Clinton Foundation’s Bogota office and staffed by foundation employees, a representative at the office told the Washington Free Beacon on Tuesday.Scissors-32x32.png

 

http://freebeacon.com/politics/clinton-foundation-running-private-equity-fund-in-colombia/

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