Foundation’s Board Gave Clintons Lifetime Rule Over $109M Non-Profit
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Title : Foundation’s Board Gave Clintons Lifetime Rule Over $109M Non-Profit
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Title : Foundation’s Board Gave Clintons Lifetime Rule Over $109M Non-Profit
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newstoday-ok.blogspot.com ~Clinton Foundation officials created lifetime “Category A” positions for the former first family on the controversial non-profit’s board of directors in November 2013 that appear to violate IRS regulations barring individuals from using tax-exempt groups for their private benefit, according to documents reviewed by The Daily Caller News Foundation’s Investigative Group.
The amended bylaws for the foundation’s Articles of Incorporation in the state of Arkansas created the unpaid permanent board positions for former President Bill Clinton, former Secretary of State Hillary Clinton and Chelsea Clinton, their daughter. Mrs. Clinton resigned from the board in April 2015 in her unsuccessful pursuit of the presidency.
“Category B” directors, who make up the majority of the current 11-member board, serve terms of up to three years, according to the amendment text provided by the foundation to officials in Georgia, Michigan and Pennsylvania.
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“Category B” directors, who make up the majority of the current 11-member board, serve terms of up to three years, according to the amendment text provided by the foundation to officials in Georgia, Michigan and Pennsylvania.
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