Clinton Foundation pledged this week that it would no longer take donations from big businesses and foreign donors if Hillary Clinton becomes president. But the problem is that over half of the charity’s key donors would be barred from putting in their contribution under the new ban.
The findings confirm a widespread concern that the Democratic presidential nominee’s foundation is running on money from businesses and overseas interests which may affect her integrity.
The foundation has been often criticized by rival politicians and some liberals for condoning conflict of interests for a probable commander-in-chief. The recent analysis was based on the documents posted on the charity’s website.
According to the documents, 53 percent of donors with a $1-million-plus contribution are either corporations or foreign individuals or entities, including interest groups and governments.
Among the most controversial contributors to the foundation’s financials are Australian and Saudi Arabian governments, the Coca-Cola Company, U.K.-based bank Barclay’s, and gas and oil giant Exxon Mobil.
This Friday’s announcement, however, was met with a large dose of skepticism. Critics of both political orientations slammed the group for not taking a similar decision during Hillary’s tenure as secretary of state and for waiting until after the election to fulfill the promise.
When Mrs. Clinton was secretary of state, restrictions on who could make a donation to her foundation were very few or nonexistent. For instance in theory, there was a requirement to get the State Department’s approval first if you were a foreign government, but in practice, donations were accepted from wealthy interests and governments from all corners of the planet.
When Mrs. Clinton announced her bid for presidency, she promised to no longer accept funding from overseas governments, but placed no restrictions on corporate and private donors.
Back then, her critics said that she should have done this a long time ago. On Friday, Republican National Committee Chairman Reince Priebus stated that if the foundation continues to accept dollars from corporate and foreign entities, we’re talking about a “massive, ongoing conflict of interest.”
Other critics questioned the Clintons’ reasoning. They noted that there was absolutely no problem to accept corporate or foreign government money when Mrs. Clinton was America’s top diplomat, but it would be no longer acceptable to get the same dollars if she happens to become the country’s president.
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