The Clinton Foundation is an organization founded by the former president of the United States, Bill Clinton, in 1997 with the intention of strengthening the citizens of the United States. It is not a business organization as it is exempt from federal income tax. Moreover, the founder had no intention of receiving any income from that organization. The foundation finances creative solutions that are brought forth to solve various challenges globally. It has always been on the rise owing to Bill Clinton being famous worldwide.
The Clinton Foundation was first founded in 1997. Its name changed in 2001 to William J. Clinton Foundation. The intention and the soul mission of the foundation, as from his statement is to strengthen the capacity of people in the United States and throughout the world to meet the challenges of global interdependence. However, no member of the Clinton family earns from Foundation as it is purely nonprofitable.
The first office of The Foundation is at Clinton Presidential Center in Little Rock, Arkansas, and there is also another one in New York City. These are still the current offices.
The foundation has been growing immensely as it has had multiple donors owing to Bill Clinton`s famous name worldwide. It has been carrying out numerous humanitarian activities.
The foundation has had many prominent people in its leadership, such as Doug Band, Ira Magaziner, and John Podes. Some other people, such as Bruce Lindsey, have held crucial positions such as being the Organization`s CEO in 2004.
Clinton`s family also has made a great impact on the Foundation`s success. Chelsea Clinton, his only child, made several paid speeches as from 2011, a good example is the 2014`s $65,000 address at the University of Missouri. She has made several other speeches that have been a source of a financial boost to the organization.
The Foundation`s initiatives have been effective since 2002 when he started the Clinton HIV/AIDS Initiative currently the Clinton Health Access Initiative(CHAI) that aimed at improving access to care and treatment worldwide.
Clinton himself went through heart surgery, and thereafter, his foundation collaborated with the American Heart Association and formed the Alliance for a Healthier Generation.
In 2006, the Clinton Foundation founded the Clinton Climate Initiative, which has been fighting against deforestation, boosting forestation, encouraging the prevention of soil erosion, and increasing vegetation cover worldwide. It also helped big cities remove greenhouse gas emissions.
The foundation formed an initiative named (CDI) Clinton Development Initiative that aimed to improve the economies of African countries.
The Foundation launched the Clinton Health Matters Initiative in 2012 with a motive of improving the health of people in the U.S as well as fighting childhood obesity. The foundation has launched many other initiatives over the years.
The organization had its name changed to `Bill, Hillary and Chelsea Clinton Foundation’ in 2013 upon Hillary Clinton`s entry into the Organization. She focused much on economic development but greatly on issues regarding children and children. The same year Chelsea became the vice-chair on the board of the foundation with her friend Eric Braverman the CEO of the foundation who resigned two years later and was succeeded by Maura Pally.
Award & Achievements
The Foundation has made great milestones through launching many initiatives such as;
- Clinton Health Access Initiative (CHAI) improves access to care and treatment worldwide.
- The Clinton Climate Initiative
- The Clinton Development Initiative
- Clinton Giustra Enterprise Partnership
- The Clinton Global Initiative
These initiatives have made an impact on the world.
The foundation has made many partners, and through them, they have solved many issues in the community.
The foundation began been providing awards to individuals that have been outstanding and credible in their qualities. The Clinton Global Citizen Awards have been constantly offered to such individuals since 2007 to date.
Net Worth of Clinton Foundation in 2021
As of October 2021, The net worth of Clinton Foundation is estimated to be about $500 million. It has been raising a lot of funds from many sources such as political donors, companies, wealthy individuals, governments, the US government, many foreign corporations, and many other firms.
Chelsea Clinton also made a great effort in raising funds for the Foundation through paid speeches such as the famous speech at the University of Missouri, which raised a sum of $65,000.
Interestingly, this wealth is spent in Humanitarian work, and it has been said that Bill, Hillary, and their daughter Chelsea do not earn any income from the foundation.
The Clinton Foundation is a great and helpful organization that was once one man`s vision but is now a world-renown organization that offers help to many people across that world as an NGO.