Posted on 09/28/2005 5:36:30 PM PDT by wagglebee
Former President Bill Clinton’s charitable foundation failed to meet at least six of 19 accountability standards established by the Better Business Bureau.
A report by the watchdog group said the Clinton Foundation lacks policies requiring performance reviews for its chief executive officer and for the foundation as a whole.
Also, the organization’s annual reports and Web site do not contain detailed financial statements or information about the group’s board of directors, the New York Sun reports.
"There are a number of concerns here,” said Bennett Weiner, head of the Better Business Bureau’s charity evaluation service.
"We didn’t get a copy of the audited financial statement.”
He said nonprofit organizations that solicit money on the Internet should post detailed financial reports online.
"One would have hoped to have seen an organization like this, a charity like this, living up to the highest standards of disclosure,” said Marion Fremont-Smith, a senior research fellow at Harvard University’s Center for Nonprofit Organizations.
The foundation, which was established in 1997, has been focused on raising funds to build and endow Clinton’s $165 million presidential library in Arkansas, which opened last November 18.
Clinton spokesman Jay Carson said some of the procedures recommended by the bureau, such as program reviews, will be facilitated as the foundation turns greater attention to ongoing projects such as efforts to provide HIV/AIDS drugs, according to the Sun.
The Clinton Foundation’s latest report, released on September 23, showed the organization took in $57.7 million in donations last year, and borrowed nearly $38.5 million to cover expenses related to the library.
Donors to the foundation have included the Saudi Royal Family, the governments of Dubai, Kuwait and Qatar and director Steven Spielberg.
Last year’s borrowings included an unsecured, low-interest $10 million loan from Titanium Acquisition Corporation, a firm connected to entertainment industry executive Haim Saban, a close friend of Clinton.
Yeah, whatever.
fyi
Yes, but they tried really hard. Isn't that what really matters.
It's Bush's fault.
Oh, yes, of course, it's always about the good intentions - I almost forgot there for a minute and held them to real world standards.
Sure wish it wasn't the scam known as the BBB saying this. It would give it more credibility.
This is just another vast right wing conspirecy out to expose the Clinton persona to the cruel light of truth.
Is this a surprise to ANYONE in America?
This story has been on all the news programs tonight.
Clinton unethical???? Who knew?
Not to worry, Hitlery will find it on an end table about two years after the grand jury subpoenas it.
I am so shocked! Not to worry, the records will be found in Hillary's office within two years.
do I REALLY have to say it???
I am so shocked! Not to worry, the records will be found in Hillary's office within two years.
-----
These people are the epitome of perversion, crime, powerlust, and just simply A LIVING LIE onto themselves.
This country will be paying dearly for a long time for what these two criminal charlatans have done....
Lets get Ronnie Earl on it right now. Oh , thats Texas. Right! Ronnie Earls in Arkansas are stopped with Arkancide.
I think the IRS needs to get in on this.
Karl Rove did it!... with the approval of Bush!!
I see the corrupt rapist, staying true to form, is hiding his money laundering behind HIV/AIDS.
And it all depends on what the word "facilitates" means.
Bttt...
Where? I missed it. What did they say???? Cover for Clinton and trash Delay?
Prolly tried harder than anyone in HISTORY!!!!!zzzzzz
Even at the breakfast table with *his next mistress, were there ever any standards expected? Really?
I'll say it then:
"We'll have our Paris, dahlink!"
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.