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Clinton family speeches raise $12m

22 May 2015, 13:35

Portsmouth - The Clinton Foundation said on Thursday that Bill, Hillary and Chelsea Clinton have raised at least $12m to support the family's philanthropy since 2002 by delivering paid speeches to an assortment of corporations, universities and foreign entities.

The speeches may have brought in as much as $26.4m to the foundation, which released a list of nearly 100 speeches and a broad range of the fees the Clintons received for delivering them.

The fees benefited the Clinton Foundation, the global charity the former president started after he left the White House. The foundation's finances have come under heavy scrutiny as Hillary Rodham Clinton seeks the White House for a second time.

Also Read: Clinton: Baltimore shows justice system 'out of balance'

The foundation's voluntary release of the speaking fees followed last week's filing of the former secretary of state's financial disclosure at the start of her presidential campaign. Bill and Hillary Clinton reported they earned more than $30m combined in personal income since January 2014, with most of it coming from paid speaking engagements around the globe.

Most of the fees paid to the foundation were for speeches by former President Bill Clinton, who raised between $8.7m and $19.35m by delivering 72 speeches during the past decade.

The foundation received between $500 000 and $1m in fees from speeches by the former president to Hanwha, a business conglomerate in South Korea; the Nigerian ThisDay newspaper group; and Dublin-based DMC Communications Ltd on behalf of the All Ireland Scholarships.

Bill, Hillary speeches

Bill Clinton also delivered lectures on behalf of the foundation to the Beijing Huaduo Enterprise Consulting Company, the China Real Estate Development Group, the Thailand Ministry of Energy, the Qatar First Investment Bank and the US Islamic World Conference. The fees for those speeches were between $250 000 and $500 000.

Hillary Clinton brought in between $2.95m and $6.25m for 16 speeches on the foundation's behalf. Financial institutions such as Citibank, Goldman Sachs, JP Morgan Chase and Carlyle Investment Management paid at least $250 000 to the foundation for speeches by the former New York senator and first lady.

Also Read:Hillary Clinton hires Google executive as tech chief

Telmex Foundation, one of several charitable organisations under the umbrella of Mexican billionaire Carlos Slim, a longtime Clinton friend, also paid the foundation at least $250 000 for a Hillary Clinton speaking engagement.

The Democratic presidential hopeful also brought in money to the foundation from speeches at several colleges and universities, including Colgate University, the University of California, Los Angeles, Hamilton College, the University of Miami and the foundation for the University of Nevada, Las Vegas.

Daughter Chelsea Clinton generated between $370 000 and $800 000 during that period, the records show.

Craig Minassian, a spokesperson for the foundation, noted that the foundation has listed more than 300 000 donors on its website and "posting these speeches is just another example of how our disclosure policies go above and beyond what's required of charities."

- AP


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