![]() ![]() ![]() 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).Īccording to the Bill, Hillary & Chelsea Clinton Foundation consolidated audit of Decem(Note 19, Risks and uncertainties): William Jefferson Clinton is reported as the Board Chair of the Clinton Foundation Chelsea V. Clinton have a family relationship" (IRS Form 990, Schedule O re: Form 990, Part VI, Section A, line 2). 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 grant expense."Īccording to the Bill, Hillary & Chelsea Clinton Foundation 2020 tax filing: "William Jefferson Clinton and Chelsea V. 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. "On January 30, 2020, the Clinton Foundation and 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. "In addition, during 2020, the Clinton Foundation received $520,403 from Elevate and made additional cash grant payments to Elevate totaling $520,600."Īccording to the Bill, Hillary & Chelsea Clinton Foundation consolidated audit of Decem(Note 6, Programmatic investment): ![]() valued at approximately $41,000 and fixed assets valued at approximately $47,000. 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. As discussed in Note 6, 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. Neither entity controls the other however, they share a common board member. Elevate makes grants from time to time to the Clinton Foundation to carry out Elevate's and the Clinton Foundation's charitable goals. "The Clinton Foundation through its CGEP initiative engages in certain charitable activities that are funded by Elevate. All intercompany balances and transactions have been eliminated upon consolidation in the audit.Īccording 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).Īccording to the Bill, Hillary & Chelsea Clinton Foundation consolidated audit of Decem(Note 16, Related party): ![]() 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 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. ![]()
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