In another example that there are consequences for losing elections, the Clinton Foundation took another major financial hit last year.
According to tax records, the organization lost $16.8 million in 2018; a continuation of fading fortunes after the 2016 election put a serious hurt on the Clintons that still hasn’t worn off.
It was the third consecutive down year for the nonprofit and the lowest revenue brought in since shortly after the Arkansas couple left the White House.
The Clinton Foundation has been seen by some as a massive global influence-peddling clearinghouse but has run into tough times without Mrs. Clinton inside the government.
Clinton Foundation Continues To Hemorrhage Money Following Hillary’s Loss https://t.co/i1ae4qOpN9
— Daily Caller (@DailyCaller) November 19, 2019
Via The Daily Caller, “Clinton Foundation Continues To Hemorrhage Money Following Hillary’s Loss”:
The Clinton Foundation’s revenue dropped to a 16-year low in 2018 and reported a third-straight year of losses, a trend that began in 2016 when Hillary Clinton was defeated by President Donald Trump.
The Clinton Foundation reported $30.7 million in revenues in its recently-released 2018 Form 990 tax return, the lowest figure posted by the charity since 2002 when it raised $25.6 million.
The foundation’s 2018 revenue was just 12% of the $249 million it raised in 2009, the first year of Clinton’s tenure as secretary of state under former President Barack Obama.
The Clinton Foundation also posted its third straight year of losses of $16 million or more in 2018, bringing its total losses since 2016 to $49.6 million.
The Clinton Foundation is in the red for the second straight year.
— OpenSecrets.org (@OpenSecretsDC) November 18, 2019
Additional details from political watchdog OpenSecrets.org:
The Clinton Foundation’s $30.7 million revenue last year is less than half the $62.9 million it raised in 2016 as Clinton was at the height of her presidential campaign. Each of the two years since Clinton’s loss in the 2016 election has seen the organization’s revenue drop to record lows, raising less than any fiscal year in more than a decade — a sharp contrast to the $249 million raised during Clinton’s first year as secretary of state.
The foundation received less money from fundraising events and its service programs last year compared to previous years but kept investing tens of millions in the programs. Paid speeches accounted for $369,899 of the foundation’s intake, a mild uptick from the $297,976 it received in 2017 but a huge drop from $3.6 million in 2014.
The foundation continued to chip away at its savings, burning more cash than it raised in 2018. With revenue of $30.7 million, it spent $47.5 million last year on payroll, grants and promotion, among other items. It also scaled back spending on domestic grants and foreign activities compared to the prior year, but spent more in 2018 on advertising, promotions and fundraising efforts.
It is the best of times and the worst of times for Bill and Hillary with the vengeful sore loser on the brink of jumping into the woeful Democrat presidential field for a rematch with President Trump for all the marbles.
The Clintons also benefited greatly from the mysterious death of billionaire pedophile and alleged sexual blackmailer Jeffrey Epstein who was found “hanged” in a high-security New York City jail cell in August.
Epstein’s demise was a great relief for the former (and perhaps future) first couple and now Bill’s numerous trips on the infamous Lolita Express along with his visits to the dead billionaire’s private orgy island will remain secret.
There was likely much jubilation at the Clinton compound in Chautauqua, NY along with the sound of popping champagne corks when the news of Epstein’s death hit and just like that, an impediment to Hillary’s ambition has been removed.
When she does jump into the race it could be just what the Clinton Foundation needs as a tourniquet to stop the bleeding.