by Cassandra Fairbanks, The Gateway Pundit:
Donations to the Clinton Foundation have plummeted since Hillary Clinton’s failed presidential campaign, according to newly released tax records.
The records indicate that the organization has reported net losses of over $16 million for the last two years in a row.
The Free Beacon reports that “the foundation reported total revenue of just $30.7 million, including $24.2 million worth of grants and contributions, a record low for the alleged ‘charity.’ That figure was well short of the foundation’s total expenses for the year—$47.5 million— resulting in a net loss of $16.8 million.”
“The previous year, the Clinton Foundation reported a net loss of $16.1 million. In total, the organization has lost a staggering $32.9 million since Hillary Clinton’s lifelong quest for the presidency crumbled to dust in November 2016,” the report continued.
The organization was raking in big bucks, unsurprisingly, during Clinton’s time as Secretary of State from 2009 to 2013, as well as during her run in 2016.
“The Clinton Foundation posted its highest revenue haul ($249 million) in 2009, the year Hillary was sworn in as President Barack Obama’s secretary of state. By 2013, the foundation had reported an additional $392.2 million in revenue, and went on to raise $344.4 million between 2014 and 2016,” the Free Beacon notes.
In 2016, then-Republican Representative Marsha Blackburn of Tennessee, who was the vice-chairman of the House Energy and Commerce Committee, told the Daily Caller that “reports have shown that the Clinton Foundation has failed to accurately report tens of millions of dollars in foreign government grants, including some while Hillary Clinton was secretary of state.”