The Clinton Foundation was formed by the former President of United States Bill Clinton. The organization is a non-profit organization under section 501(c) (3) of the U.S. tax code. The Clinton Foundation provides funds for resolving global issues related to health, natural calamities, women and children issues, poverty, and more. Anyone can donate to the organization that is one of the 100 largest US Charities. Continue reading to find the net worth of the Clinton Foundation as of 2018.
In 1997, then-President of the United States, Bill Clinton was fundraising for Clinton Presidential Centre in Little Rock, Arkansas. In 2001, after his term as President of the US, Bill Clinton founded the William J. Clinton Foundation. In 2004, Bruce Lindsey, Clinton’s advisor, was appointed as the CEO of the Clinton Foundation.
The William J Clinton Foundation was renamed to the Bill, Hillary & Chelsea Clinton Foundation (2013-2015). The offices were in New York City and Little Rock, Arkansas. While serving as board members, Bill, Hilary, and Chelsea Clinton did not take any salary from the Clinton Foundation.
Since 2007, the Clinton Foundation provides ‘Clinton Global Citizen Awards’ to outstanding individuals. They show leadership and good citizenship qualities.
In August 2006, Bill Clinton began the Clinton Foundation’s Climate Initiative (CCI) to fight global climate changes. CCI globally prevents deforestation and promotes forestation. CCI helps in preventing soil erosion and helps in maintaining landscapes. CCI helps in keeping the air clean and fresh. CCI provides aid to countries threatened to go underwater due to the rise of ocean levels.
The same year, CCI joined Large Cities Climate Leadership Group for saving energy, supporting technologies and communication. In May 2007, CCI helped large cities to remove greenhouse gas emissions. In 2007, during the Clinton Global Initiative, Bill Clinton’s 1Sky campaign raised funds for preventing global warming. This would reduce climate pollution by 80% by 2050.
In 2006, The Clinton Foundation joined Hunter Foundation of Sir Tom Hunter (the Scottish philanthropist) and formed Clinton Development Initiative (CDI). CDI focuses on removing poverty in Africa by improving their economy.
In January 2010, the Clinton Foundation formed Clinton Health Access Initiative (CHAI) that became a separate non-profit organization. The Clinton Foundation still supplies anti-malarial drugs to Africa and other affected regions.
The Clinton Foundation along with the American Heart Association worked to eradicate child obesity epidemic in the USA by 2010. Clinton Health Matters Initiative (CHMI) was founded in 2012 for removing childhood obesity worldwide.
In 2013, Hillary Clinton joined the Clinton Foundation after her tenure as Secretary of State. Hence, the Clinton Foundation was named Bill, Hilary and Chelsea Foundation. Hilary joined Bill and Melinda Gates Foundation to complete the Non-Ceiling Project. This meant they had to gather information on the progress of women and girls worldwide. The project commenced in Beijing (1995) as part of United Nations Fourth World Conference on Women. This project continued till March 2015.
The Clinton Foundation provides funds for various natural calamities. Already, it provided funds for 2004s Indian Ocean earthquake, 2005s Hurricane Katrina, 2010s Haiti earthquake.
As per Forbes magazine, the Clinton Foundation is at no.48 on the list of 100 largest US Charities.
Net Worth & Earnings:
The net worth of Clinton Foundation is somewhere around $500 Million. Most of the fortune for net worth comes from various donations. The Clinton Foundation raised funds over $2 billion (2016). Funds come from US and foreign corporations, governments, political donors and others. The Clinton Foundation is a public organization so anyone interested can donate.
In 2014, Chelsea raised funds after charging $65,000 for her speech at the University of Missouri in Kansas City for opening Starr Women’s Hall of Fame.
The Clinton Foundation uses its money for various humanitarian programmes. The Clinton Foundation has offices in New York City and Little Rock, Arkansas.