Clinton Foundation legal form 501(c)(3) organization
The Clinton Foundation (founded in 2001 as the William J. Clinton Presidential Foundation, and renamed in 2013 as the Bill, Hillary & Chelsea Clinton Foundation) is a nonprofit organization under section 501(c)(3) of the U.S. tax code. It was established by former president of the United States Bill Clinton with the stated mission to "strengthen the capacity of people in the United States and throughout the world to meet the challenges of global interdependence." Its offices are located in New York City and Little Rock, Arkansas.
Through 2016, the foundation had raised an estimated $2 billion from U.S. corporations, foreign governments and corporations, political donors, and various other groups and individuals. The acceptance of funds from wealthy donors has been a source of controversy. The foundation "has won accolades from philanthropy experts and has drawn bipartisan support". Charitable grants are not a major focus of the Clinton Foundation, which instead uses most of its money to carry out its own humanitarian programs.This foundation is a public organization to which anyone may donate and is distinct from the Clinton Family Foundation, a private organization for personal Clinton family philanthropy.According to the Clinton Foundation's website, neither Bill Clinton nor his daughter, Chelsea Clinton (both are members of the governing board), draws any salary or receives any income from the foundation. When Hillary Clinton was a board member, she reportedly also received no income from the foundation.Beginning in 2015, the foundation was accused of wrongdoing, including a bribery and pay-to-play scheme, but multiple investigations through 2019 found no evidence of malfeasance. The New York Times reported in September 2020 that a federal prosecutor appointed by attorney general Bill Barr to investigate the origins of the 2016 FBI Crossfire Hurricane investigation had also sought documents and interviews regarding how the FBI handled an investigation into the Clinton Foundation.
type of business organization corporate structure incorporation legal entity type business registration