Clinton Foundation's Lifetime Board Positions for Clinton Family Spark Regulatory Concerns

The Clinton Foundation established lifelong 'Category A' board positions for former President Bill Clinton, former Secretary of State Hillary Clinton, and their daughter Chelsea in November 2013. These unpaid roles appeared to breach IRS regulations designed to prevent tax-exempt organizations from benefiting private individuals. The amended bylaws, filed in Arkansas, created these permanent positions, with Hillary Clinton resigning from the board in April 2015 during her presidential campaign. The majority of the current 11-member board comprises 'Category B' directors, serving terms of up to three years, as per the foundation's amendments shared with officials in several states. IRS rules emphasize the importance of independence among nonprofit board members to ensure they serve the public interest and prevent misuse of charitable assets. Despite claims from the foundation that most members are independent, recent disclosures show longstanding Clinton associates and political allies occupying key positions. The foundation's 2015 revenue was approximately $109 million, marking a significant decline from the previous year. Critics question whether the foundation's governance stru...