Clinton Foundation
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| Founded | 1997 |
|---|---|
| Founder | Bill Clinton |
| Purpose | Humanitarian |
| Location |
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Area served
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Worldwide |
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Key people
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Bill Clinton (2001–present)
Hillary Clinton (2013–15) Chelsea Clinton (2011–present) Donna Shalala (president, 2015–present) Eric Braverman (president, 2013–2015) Bruce Lindsey (president, 2004–2011) Skip Rutherford (president, 1997–2004) Ira Magaziner (head of Clinton Health Access Initiative) Doug Band (originator of Clinton Global Initiative) |
|
Revenue
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$223 million (2015) |
|
Employees
|
2,000 (2015) |
| Mission | "To bring people together to take on the biggest challenges of the 21st century" |
| Website | www.clintonfoundation.org |
The Clinton Foundation (founded in 1997 as the William J. Clinton Foundation), and from 2013 to 2015, briefly renamed the Bill, Hillary & Chelsea Clinton Foundation) is a nonprofit corporation 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 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, too, received no income from the Foundation.
The origins of the foundation go back to 1997, when then-president Bill Clinton was focused mostly on fundraising for the future Clinton Presidential Center in Little Rock, Arkansas.
Bill founded the William J. Clinton Foundation in 2001 following the completion of his presidency. Longtime Clinton advisor Bruce Lindsey became the CEO in 2004. Later, Lindsey moved from being CEO to being chair, largely for health reasons. Other Clinton hands who played an important early role included Doug Band and Ira Magaziner. Additional Clinton associates who have had senior positions at the foundation include John Podesta and Laura Graham.
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