A review of financial documents for the Clinton Giustra Enterprise Partnership (Canada) shows the charity’s revenue dropped substantially in 2013, the year Hillary Clinton resigned as Secretary of State.
For the first time since it was registered to accept donations in 2007, CGEP spent more on salaries and office supplies in 2013 than it did on charitable giving.
The NY Times revealed Wednesday that the Canadian charity collected about $33 million between 2008 and 2013 of which $25 million was passed across the border to the U.S. based Clinton Foundation. However there was a sharp drop in giving in 2013, the last year for which figures are currently available. The Canadian charity’s total revenue that year was just $308,067 compared to $2.2 million in 2012 and $4.8 million in 2011.
The total amount the charity passed on to the Clinton Foundation in 2013 was $314,437. That amount is a small fraction of the $4.7 million the Canadian charity delivered to the Clinton Foundation in 2012 or the $4.6 million it gave in 2011.
By comparison, the Canadian charity spent $322,759 on salaries for its four full-time employees in 2013, that’s about $8,000 more than its total charitable expenditures that year. The charity also spent $466,796 on office supplies in 2013 (roughly triple what it spent in any previous year).
The Clinton Giustra Enterprise Partnership was registered as a Canadian charity in late 2007. As the NY Times reported yesterday, the charity acted as a bundler for the similarly named Clinton Giustra Sustainable Growth Initiative, which is one part of the Clinton Foundation.
It appears donations to the Canadian charity were high during the time period when Hillary was Secretary of State and then dropped off the year she resigned. Hillary’s formal resignation took place on Feb. 1, 2013 but she announced her pending resignation the day after President Obama’s reelection, November 7, 2012.
ABC News reported last week that Bill Clinton’s speaking fees doubled and even tripled after Hillary became Secretary of State. The International Business Times published a list of ten companies that paid Bill Clinton several million in speaking fees even as they had business pending with the State Department.
The Clinton Giustra Enterprise Partnership’s revenues and charitable donations for 2014 have not yet been published on the Canada Revenue Agency’s website.
These investigations by establishment media come as the result of a new book from Breitbart News Senior Editor-at-Large Peter Schweizer, titled Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich. The corruption allegations documented in Clinton Cash have set a host of reporters on the trail of the Clinton Foundation and its business dealings while Hillary Clinton served as Secretary of State.
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