Clinton Foundation Expected to Amend Tax Returns
The Clinton Foundation is reportedly planning to re-file five years’ worth of tax returns after questions arose over donations by foreign governments to the charitable foundation run by Bill, Hillary and Chelsea Clinton.
Hillary Clinton resigned from the board of the foundation earlier this month after officially announcing her candidacy for the 2016 presidential election. However, the finances of the foundation have come under renewed scrutiny in recent months amid reports of extensive donations by foreign governments to the foundation while the former First Lady was Secretary of State in the Obama administration.The foundation engages in charitable work around the world, including disaster relief.
Upon becoming Secretary of State, the Clintons had announced they would stop accepting donations from foreign governments. Starting in 2010, the foundation reported for three consecutive years on its Form 990 that it received no donations from foreign government sources, after reporting tens of millions of dollars in such donations in the years prior to that, according to Reuters. After Clinton resigned as Secretary of State, the foundation again began accepting donations from foreign governments, although it has now pledged to stop accepting them.
On Thursday, Reuters reported that the foundation is now planning to re-file at least five years’ worth of tax returns after under-reporting or over-reporting millions of dollars in donations from foreign government sources and in some cases failing to distinguish the donations from other revenues.
"We are prioritizing an external review to ensure the accuracy of the 990s from 2010, 2011 and 2012 and expect to re-file when the review is completed," foundation spokesman Craig Minassian told Reuters.
The Clinton Health Access Initiative, which is one of the foundation’s main programs and provides more affordable drugs for people with HIV, also plans to re-file its Form 990 for 2012 and 2013 after incorrectly breaking out some of the goverment grant money it received.