Do you remember during the months before the 2016 election, when many people were claiming that the Clinton Foundation was nothing more than a way for the Clintons to sell influence?
Reality seems to have confirmed this suggestion.
Now that the Clintons have no influence to sell, donations to their foundation have gone way down.
The Washington Free Beacon reports:
Clinton Foundation Reports $16.8 Million Loss in 2018
The Clinton Foundation reported a loss of more than $16 million in 2018, according to newly released tax records, marking the second consecutive year of losses since Hillary Clinton’s humiliating defeat to President Donald J. Trump in 2016.
The foundation reported total revenue of just $30.7 million, including $24.2 million worth of grants and contributions, a record low for the alleged “charity.” That figure was well short of the foundation’s total expenses for the year—$47.5 million— resulting in a net loss of $16.8 million.
The previous year, the Clinton Foundation reported a net loss of $16.1 million. In total, the organization has lost a staggering $32.9 million since Hillary Clinton’s lifelong quest for the presidency crumbled to dust in November 2016.
Shockingly, the foundation’s revenues have plummeted compared to the massive figures reported during Hillary’s tenure as secretary of state (2009 to 2013), and during her campaign as the Democratic Party’s essentially unchallenged presidential nominee in 2016.
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Open Secrets has more on this:
Clinton Foundation cash flow continues to drop years after 2016 election loss
Cash flow to the Clinton Foundation continues to plummet, leaving the organization in the red for a second straight year after Hillary Clinton’s unsuccessful bid against President Donald Trump in the 2016 presidential election, newly released tax returns reveal…
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.
The gravy train is over.
With no Clintons in office, there’s nothing left to sell.
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