Clinton Foundation Donations Plunge by $36 Million, Federal Tax Filings Reveal
$36 million drop comes after House Republicans announced a full investigation
The Clinton Foundation has been abandoned by a massive chunk of its donors, losing $36 million, according to organization’s newest federal tax filings.
The filings received by the New York Post on Saturday revealed that donations to the foundation plummeted by $36 million over the last year.
Published contributions took a massive nose dive, falling from $62,912,331 in 2016 to $26,566,825 in 2017.
The eye-watering $36 million drop comes after House Republicans announced a full investigation into the Foundation with the aid of whistleblowers.
The foundation is currently under investigation by the DOJ, FBI, and IRS for a mixture of allegations - including accusations of "pay for play" favors while Hillary Clinton was Secretary of State.
Donations fell 37 percent in 2017 following allegations that Hillary Clinton used charity to solicit millions of dollars in donations from foreign governments to give 'special treatment' to certain entities.
Just before Clinton ran for the White House, news of how she approved a sale which allowed 20 percent of U.S. uranium to be sent to the Russian government, the New York Times reported.
Despite eight Obama administration agencies overseeing the deal, Clinton was the only one who benefited from the sale.
The foundation received $145 million from its donors involved in the sale, according to The New York Times.
The deal was exposed by Breitbart News Editor-at-Large Peter Schweizer in a book called Clinton Cash.
The foundation announced $3.6 million in revenue collected from Clintons’ speeches in 2015, but reported a massive drop in 2017 making only $300,000 from those speaking engagements, according to tax filings.
Executives of the Clinton Foundation rubbished the foundation’s revenue plummeting as a result of 'organizational restructuring' - despite the foundation laying off 22 staffers and shut down the Clinton Global Initiative.
“We anticipated a decline in both revenue and expenses for 2017, largely attributable to the absence of sponsorship and membership contributions for CGI,” a spokesman for the Clinton Foundation told the Post.
The Arkansas FBI investigation was launched in January, and directed its probe into the pay-for-play schemes and tax code violations, the Hill reports.
Law officials and witnesses providing information wish to remain anonymous.
Officials who would only speak under the condition of anonymity, state the investigation is considering whether the Clintons contracted or performed any policy favors in return for largesse to their 'charitable efforts.'
Or whether donors engaged in commitments of donations expecting to secure a government outcome - The Hill.