February 2015: Clinton Foundation Chief Development Officer Dennis Cheng Left The Foundation And Was Expected To Become Hillary Clinton’s Finance Director Ahead Of A 2016 Presidential Campaign. “Dennis Cheng, the Clinton Foundation's chief development officer, is leaving the philanthropic organization this week to join Hillary Clinton's nascent pre-campaign. Cheng, who is expected to serve as Clinton's finance director once the campaign officially kicks off, is currently pulling double duty for the Clintons by finishing his role at the foundation and starting to build a 2016 campaign fundraising team, according to a source.” [CNN, 2/9/15] Bloomberg: Clinton Foundation “Raised $200 Million In 10 Months For Their Foundation’s Endowment.” “Bill, Hillary and Chelsea Clinton raised $200 million in 10 months for their foundation’s endowment, positioning the nonprofit to survive even if its cash-collecting namesakes engage in a 2016 presidential run.” [Bloomberg, 6/6/14] 2012: Clinton Foundation Endowment Was $292,000. “Bill Clinton, advised by longtime aide Doug Band, created the Clinton Foundation shortly after leaving the White House in 2001. In 2012, it took in $54.7 million in revenue and ended the year with $183.6 million in assets. Its endowment, though, was just $292,000.” [Bloomberg, 6/6/14] CLINTON FOUNDATION RELIED ON LARGE DONORS FOR MOST OF ITS ENDOWMENT DRIVE Bloomberg: “With Four-Fifths Of Their $250-Million Target In The Bank” The Clintons Changed “Fundraising Strategies To Include Small Donors.” “With four-fifths of their $250-million target in the bank, they are also changing fundraising strategies to include small donors -- a tactic that would create a list that could be politically useful, as well.” [Bloomberg, 6/6/14] Bloomberg: In Building The Endowment, “The Clintons’ Initial Appeals For Foundation Money Were To Contributors Who Could Give $1 Million Or More.” “The Clintons’ initial appeals for foundation money were to contributors who could give $1 million or more. Those answering that call included Irish cell phone billionaire Denis O’Brien, and Bill Austin, owner of Minnesota’s Starkey Laboratories. Others were charities founded by Mexican billionaire Carlos Slim Helu -- the world’s second richest man -- and one run by Chicago venture capitalist J.B. Pritzker and his wife.” [Bloomberg, 6/6/14] Those Who Contributed At Least $1 Million To The Clinton Foundation Endowment Included Denis O’Brien, Bill Austin, Carlos Slim Helu’s Charity, And J.B. Pritzker’s Charity. “The Clintons’ initial appeals for foundation money were to contributors who could give $1 million or more. Those answering that call included Irish cell phone billionaire Denis O’Brien, and Bill Austin, owner of Minnesota’s Starkey Laboratories. Others were charities founded by Mexican billionaire Carlos Slim Helu -- the world’s second richest man -- and one run by Chicago venture capitalist J.B. Pritzker and his wife.” [Bloomberg, 6/6/14] 2014: Clinton Foundation Officials Were “Compiling A List Of Investment Management Firms To Maintain The [Endowment] Fund” And Getting Ready To “Put Out A Request For Proposals.” “The foundation’s officials are compiling a list of investment management firms to maintain the fund, and will soon put out a request for proposals, a foundation official familiar with the strategy said.” [Bloomberg, 6/6/14] CLINTON FOUNDATION PLANNED TO INCLUDE ENDOWMENT SUPPORTERS IN ANNUAL PUBLIC DISCLOSURES Bloomberg: “The Backers Of The Endowment Will Be Listed Along With Other Supporters In Annual Public Disclosures Going Forward.” [Bloomberg, 6/6/14] FEDERALLY INSURED LIMITS
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