| Entity | Document Type | Tax ID |
|---|---|---|
| Bill, Hillary & Chelsea Clinton Foundation | Audited Consolidated Financial Statements | multiple |
| Bill, Hillary & Chelsea Clinton Foundation | IRS Form 990 | 31-1580204 |
|
Entity: Bill, Hillary & Chelsea Clinton Foundation Document Type: Audited Consolidated Financial Statements Tax ID: multiple |
|
Entity: Bill, Hillary & Chelsea Clinton Foundation Document Type: IRS Form 990 Tax ID: 31-1580204 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Kevin Thurm | CEO | $469,733 |
| 2 | Bruce R. Lindsey | Counselor to the Chair | $420,708 |
| 3 | Amy Sandgrund-Fisher | General Counsel/HR Director | $319,153 |
|
1 Name: Kevin Thurm Title: CEO Compensation: $469,733 |
|
2 Name: Bruce R. Lindsey Title: Counselor to the Chair Compensation: $420,708 |
|
3 Name: Amy Sandgrund-Fisher Title: General Counsel/HR Director Compensation: $319,153 |
CharityWatch's rating of the Clinton Foundation includes the accounts consolidated in the Foundation's audited financial statements for the fiscal year ended December 31, 2020, "including the accounts of all programs operating offices of the Clinton Foundation," as well as "the entities [in] which the Clinton Foundation maintains an economic interest in and financial control over including...Acacia Development Co.," according to Note 1 of the Foundation's 2020 consolidated audit. All intercompany balances and transactions have been eliminated upon consolidation in the audit. |
According to the Bill, Hillary & Chelsea Clinton Foundation 2020 tax filing, the Foundation reports receiving donated in-kind goods on which it placed total a value of $442,188 (IRS Form 990, Schedule M). [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the Bill, Hillary & Chelsea Clinton Foundation consolidated audit of December 31, 2020 (Note 16, Related party): "The Clinton Foundation through its CGEP [Clinton Giustra Enterprise Partnership] initiative engages in certain charitable activities that are funded by Elevate [Social Businesses ('Elevate')]. Elevate makes grants from time to time to the Clinton Foundation to carry out Elevate's and the Clinton Foundation's charitable goals. Neither entity controls the other; however, they share a common board member. As discussed in Note 6 [cited separately, below], the Clinton Foundation and Elevate entered into a grant and transfer agreement to effectuate a transition of CGEP and its associated entities, Acceso Fund LLC and Acceso Worldwide Fund, Inc., to Elevate. The value of the grant and transfer was $1,520,000, comprised of interest in Acceso Fund, LLC valued at $1,405,000, interest in Acceso Worldwide Fund, Inc. valued at approximately $41,000 and fixed assets valued at approximately $47,000. "In addition, during 2020, the Clinton Foundation received $520,403 from Elevate and made additional cash grant payments to Elevate totaling $520,600." |
According to the Bill, Hillary & Chelsea Clinton Foundation consolidated audit of December 31, 2020 (Note 6, Programmatic investment): "On January 30, 2020, the Clinton Foundation and Elevate [Social Businesses ('Elevate')] entered into a grant and transfer agreement to effectuate a transition of Clinton Giustra Enterprise Partnership ('CGEP'), a program of the Clinton Foundation, including Acceso Fund, LLC, to Elevate. At the time of the transfer the value of the programmatic investment in Acceso Fund, LLC was accounted for using the equity method of accounting and was not subject to the fair value measurement requirements in Accounting Standards Codification 958-320 as the investment did not meet the definition of an equity security with readily determinable fair value. At the time of the transfer of Acceso Fund, LLC to Elevate, the investment had a value of $1,405,000 and is reported as [a] grant expense..." |
According to the Bill, Hillary & Chelsea Clinton Foundation 2020 tax filing: "William Jefferson Clinton and Chelsea V. Clinton have a family relationship" (IRS Form 990, Schedule O re: Form 990, Part VI, Section A, line 2). William Jefferson Clinton is reported as the Board Chair of the Clinton Foundation; Chelsea V. Clinton is reported as a Director (IRS Form 990, Part VII, Section A). The Foundation reports having nine voting members on its governing body at the end of 2020, with eight members being independent (IRS Form 990, Part VI, Section A, lines 1a & 1b). |
According to the Bill, Hillary & Chelsea Clinton Foundation consolidated audit of December 31, 2020 (Note 19, Risks and uncertainties): "The COVID-19 pandemic, whose effects first became known in January 2020, has had a significant negative impact on commerce around the world. The extent of the impact of COVID-19 on Clinton Foundation operational and financial performance will depend on certain developments, including the duration and spread of the outbreak and its impacts on donors, customers, employees, and vendors, all of which at present, cannot be determined. Accordingly, the extent to which COVID-19 may impact Clinton Foundation's financial position and changes in net assets and cash flows is uncertain and the accompanying [audited] consolidated financial statements include no adjustments related to the effects of this pandemic." |
