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November 17, 2015

Clinton Foundation and Health Affiliate Refile Tax Returns

The Clinton Foundation and the Clinton Health Access Initiative said Monday that they have submitted revised Form 990s to the Internal Revenue Service to correct errors in six years' worth of past filings, Reuters and Politico write. The foundation amended returns for 2010 through 2013 and its largest affiliate for 2012 and 2013.

The charities agreed to refile in April following media reports that their original 990s did not fully distinguish government grants from other revenue, although the health group briefly backed off the pledge earlier this month.

The new returns break out nearly $20 million in funds from governments, mostly foreign ones, as well as income from speeches by Bill, Hillary, and Chelsea Clinton to corporations. The foundation's fundraising from interests abroad has become controversial amid Hillary Clinton's presidential campaign.

Foundation President Donna Shalala said the refiling was voluntary and that an external review of the organization's past returns did not turn up any substantive errors. "There is no change in our bottom-line numbers: assets, liabilities, and net assets; and we do not owe any taxes," she said.