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Clinton Foundation and Health Affiliate Refile Tax Returns
The foundation refiled its Form 990 tax returns from 2010, 2011, 2012 and 2013.
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Further, the foundation raised $177 million in 2014 ahead of Hillary Clinton’s announced presidential campaign.
In a three-page letter to friends of the Clinton Foundation, President Donna Shalala emphasized that the errors did not require amended returns; there is no change to the assets, liabilities or net assets of the foundation; and, the foundation does not owe any tax.
The Clinton Foundation’s fundraising efforts, particularly those involving foreign governments, has come under scrutiny as Clinton moves toward the Democratic presidential nomination.
“Our reviewers advised us the Foundation has no legal obligation to file amended returns, but that if we did file an amended return it would be important for us to correct errors found in the review”, she added.
The conservative opposition research group America Rising on Tuesday sent an email claiming the new filings revealed $20 million in “unreported donations, largely from foreign governments”. Hillary Clinton left the Foundation in April as she prepared to run for president. While the firm, the tax division of law firm DLA Piper, found several types of errors, none of them were substantive, Shalala wrote.
“The Foundation’s decision to file amended returns reflects an extraordinary commitment to disclosure and thoroughness”, Keneally said. “There is nothing to suggest that the Foundation meant to hide the receipt of government grants, which we report on our website”. Critics have said that the foundation’s dealings during her tenure as secretary of state represented a conflict of interest.
Shalala also stressed that the charity is “committed to transparency and accountability”.
The Clinton Foundation has been the subject of controversy this election season. As part of an agreement between the foundation and Obama Administration, CGI operated as a separate, affiliated nonprofit from 2010 to 2013.
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The Foundation indicated that the amended forms also better denoted millions in income to the foundation that came as a result of speeches given to benefit the organization by Bill Clinton, as well as Chelsea Clinton. The foundation is required to consolidate CHAI finances into the audited financial reporting.