Clinton's nonprofit foundation raises 135 million dollars last year

Clinton's nonprofit foundation raised more than $135 million (92.22 million EUR) last year.

Photo: Clinton's nonprofit foundation raises 135 million dollars last year

The William J. Clinton Foundation reported Thursday more than $208 million (142.1 million EUR) in assets in its annual tax return and more than $91 million (62.16 million EUR) in expenses. The Little Rock-based foundation raised more than $80 million in 2005, past returns show.

The nonprofit funds Clinton's efforts on HIV/AIDS prevention and environmental policy as well as programs at his presidential library in Little Rock.

The foundation is not required by law to release donor information and the tax forms did not identify contributors by name. Officials said when Clinton's presidential library opened in 2004 that it would include a wall recognizing contributors. So far, that wall has not been installed.

Presidential candidate Hillary Rodham Clinton has faced questions over whether her husband's foundation should reveal the names of donors as she seeks the Democratic party's nomination.

The foundation reported $7.6 million (5.19 million EUR) in liabilities, including a $1.8 million (1.23 million EUR) mortgage from Metropolitan National Bank for the museum store. The foundation paid off the $14.9 million (10.18 million EUR) remaining on a $26.5 million (18.1 million EUR) loan it took from the Bank of America for library construction.

The library raised $1.5 million (1.02 million EUR) from its museum store, which sells Clinton-related souvenirs and books about the 42nd president.

The foundation also reported paying $30 million (20.5 million EUR) in grants to the Bush-Clinton Katrina Fund, an organization formed by former presidents George H.W. Bush and Clinton to help victims of Hurricane Katrina.