Clinton Foundation Spends $226M for 2012 Projects

by Chuck Bartels, The Associated Press  on Thursday, Dec. 26, 2013 8:56 am  

A view of the Clinton Presidential Library from the Presidential Park Bridge. (Photo by Lance Turner)

LITTLE ROCK — Former President Bill Clinton's foundation spent $226 million in 2012 on programs that range from providing medicine to AIDS patients in Africa to curbing childhood obesity in the U.S., according to financial information released by the organization.

The foundation released tax documents for 2012 to The Associated Press that show the organization finished the most recent year with a $7 million surplus across its various entities.

Comparatively little of the organization's money goes toward bringing in more cash. The foundation devoted $7.8 million to fundraising, equal to 3.5 percent of its budget. Nearly 90 percent of foundation money went into its programs, while 6.5 percent went toward management and general expenses.

In 2013, the organization altered its scope and changed its name to the Bill, Hillary & Chelsea Clinton Foundation, which it could do because Hillary Clinton was no longer serving as secretary of state.

Now, that she is part of the foundation, it is adding emphasis to programs geared toward helping women and girls. Hillary Clinton has said she'll decide in 2014 whether to run for president in 2016.

The documents don't include updated donor lists. In past years, the foundation has in January released names of donors and what they gave, after the Dec. 31 close of the foundation's fiscal year. As with many nonprofits, the foundation has been making a holiday push for donations.

The foundation is based in New York but also has a presence in Little Rock, where Clinton's presidential library is located.

The documents and annual reports show that the foundation's Clinton Health Access Initiative commanded the most money in 2012, spending $136.4 million.

The initiative works with governments to make affordable drugs and diagnostics available for treatment of HIV and AIDS and to generally improve health care infrastructure. The program also helps provide vaccines and treatments of diseases including malaria, tuberculosis and diarrhea, which the foundation says kills 700,000 children annually.

The foundation spent $18.4 million on the Clinton Global Initiative, which works to involve public and private organizations with individuals to bring about better health, opportunities for women and new entrepreneurship.

In the United States, Bill Clinton has worked to combat childhood obesity through the Clinton Health Matters Initiative. The foundation has pushed for lower-calorie drinks in schools and has also worked to provide information to families about healthier eating and increasing physical activity.

At a foundation event last week at the Clinton Presidential Center in Little Rock, Bill Clinton noted that childhood obesity rates in the United States have leveled off, and he said that he hopes to see the numbers trend downward.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, rewritten, broadcast or distributed.)

 

 

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