Clinton Foundation officials were able to attract only five new donors between July 1 and September 30 — the controversial charity’s third quarter — The Daily Caller News Foundation’s Investigative Group has learned.
From Daily Caller
Foundation officials delayed release of the quarterly report of its latest donors on its website until the after the Nov. 8 presidential election, which former Secretary of State Hillary Clinton lost to Republican rival Donald Trump.
The low number of new donors may indicate potential contributors were frightened away by repeated news reports that the Clinton charity is under FBI investigation regarding multiple allegations of “pay-to-play” influence-peddling schemes involving both Hillary Clinton and former President Bill Clinton, as well as their key political aides.
“A lot of questions have been raised, and I think donors are understandably cautious about getting involved with this deeply troubled charity,” Charles Ortel, a Wall Street analyst and philanthropy expert, told TheDCNF.
Cleta Mitchell, a Washington, D.C., attorney who specializes in nonprofit foundations, told TheDCNF, “Since the Clinton Foundation was all built on influence peddling with, by and for the Clintons, in order to enrich them, the question is: who will the Clintons now be able to influence? What will the influence seekers now get for their money?”
Mitchell said the foundation should shut its doors because it is a “sham charitable organization.” The foundation has been at the center of virtually continuous controversies about its funding and programs since its 1997 founding, thanks in great part to its accepting contributions from foreign governments, politically powerful billionaires and troubled banks.
Among the foundation’s newest institutional donors is Banc of California, which is embroiled in a scandal that unfolded in the summer about the same time it gave between $1 to $5 million to the Clinton charity. The foundation only reports ranges for donor amounts.
The Los Angeles Times reported Nov. 16 that the bank — a favorite of West Coast liberals — has been “been rocked by allegations that it is connected to a convicted con artist.” The bank notified the SEC the same day that its third quarter report was delayed “to allow for completion of a review into certain purported improper relationships and related party transactions.”
Another new foreign donor was British financier Sir Evelyn de Rothschild, who gave between $1 to $5 million through his U.K.-based Eranda Rothschild Foundation. It has $6.3 million in assets.
Rothschild, an heir to the Rothschild fortune, married Lynn Forester, whose previous husband was Andrew Stein, former Democratic Manhattan Borough President. The Clintons invited the newly married couple to sleep as their guests in the White House
Lynn Rothschild hosted a $100,000-per-couple fundraiser for Hillary Clinton’s ill-fated 2016 campaign at the couple’s posh Martha’s Vineyard home. Thirty couples reportedly attended.
Another new third quarter foreign donor was billionaire Frank Rainieri, who is one of the 10 richest people in the Dominican Republic. Since 2000, the Clinton’s have called Rainieri’s Punta Cana DR resort, “one of their favorite resorts.”
Bill, Hillary and Chelsea Clinton spent Easter at a Rainieri resort. It is unknown if the Clintons pay for their vacations at Rainieri’s resorts.
Rainieri was invited in December 2014 to participate in the Clinton Foundation’s “Future of the Americas” conference in Miami. He contributed between $250,000 and $500,000 to the foundation.
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