Could the Clinton Foundation's prodigious fundraising ability suffer a similar fate as Hillary Clinton's dashed political ambitions?
During her bid for the White House, the nonprofit bearing the names of Clinton, the former president and their daughter came under withering scrutiny for its fundraising and management practices. The foundation, which operates a range of philanthropic projects around the world and pulled in more than $200 million in revenue in 2014, has raised around $2 billion since its founding—but that money has come with a cost.
Despite scoring relatively high in accountability and transparency by nonprofit watchdogs, the foundation nonetheless became a flash-point in the 2016 election. It was dogged by accusations of influence peddling, self dealing and conflicts of interests, due in large part to hefty contributions from foreign governments and other influential donors. Since the organization's inception, tens of millions from big donors have flowed to the organization, according to the Foundation's public database.
As emails disclosed by WikiLeaks laid bare internal concerns about how the Clinton Foundation's funding might impact the former Secretary of State's run for the Oval Office, former President Bill Clinton announced in August that the nonprofit would reject corporate and foreign donations if Hillary Clinton prevailed in her campaign.