Hillary Clinton’s family’s charities are refiling at least five annual tax returns after a Reuters review found errors in how they reported donations from governments, and said they may audit other Clinton Foundation returns in case of other errors.
The foundation and its list of donors have been under intense scrutiny in recent weeks. Republican critics say the foundation makes Clinton, who is seeking the Democratic presidential nomination in 2016, vulnerable to undue influence. Her campaign team calls these claims “absurd conspiracy theories”.
The charities’ errors generally take the form of under-reporting or over-reporting, by millions of dollars, donations from foreign governments, or in other instances omitting to break out government donations entirely when reporting revenue, the charities confirmed to Reuters.
The errors, which have not been previously reported, appear on the form 990s that all nonprofit organisations must file annually with the Internal Revenue Service to maintain their tax-exempt status. A charity must show copies of the forms to anyone who wants to see them to understand how the charity raises and spends money.
The unsettled numbers on the tax returns are not evidence of wrongdoing but tend to undermine the 990s’ role as a form of public accountability, experts in charity law and transparency advocates told Reuters.
“If those numbers keep changing – well, actually, we spent this on this, not that on that – it really defeats the purpose,” said Bill Allison, a senior fellow at the Sunlight Foundation, a government transparency advocacy group.
For three years in a row beginning in 2010, the Clinton Foundation reported to the IRS that it received zero in funds from foreign and US governments, a dramatic fall-off from the tens of millions of dollars in foreign government contributions reported in preceding years.
OH, IT GETS BETTER, KEEP READING:
Clinton Foundation Gets A “Do-Over” After Reuters Exposes HUGE “Errors”