Inhouse charity... right on. Commonly known as... say it with me: Slush fund.
Since you are ineducable I am well aware that I am probably wasting my time, but here's the truth:
The Clinton foundation is an 'operating foundation'.
Definition of Private Operating Foundation
You lefties are out of sync. In post
#49 Care4all also lectured me about what Clinton Foundation actually is:
If you and others actually did your homework, you WOULD KNOW that the Clinton Foundations is a public OPERATING Charity and not a Private Charity....
Even without my input, either Care4all or you is obviously wrong. I'll let two of you decide on that.
Now back to your claim. First of all, you lefties think you know everything by default and you can just talk someone down without being challenged. Well, thanks for "educating" me, and making a fool of yourself.
Second, did you actually check links within your link?
According to IRS, in order to qualify as Private Operation Foundation, it must meet certain requirements and pass one of qualifying tests, then they provided explanation for each. Every link leads to more links that give further explanation of subcategories. And what are they saying? Lets see:
Private Operating Foundation is:
Nongovernmental -
check
Nonprofit organization -
check
Managed by its own trustees or directors -
check
Charitable organization -
let's say check (it seems charitable to Clinton own benefits)
Financial support came from one source (usually an individual, family, or company) -
nope
Annual expenditures are funded out of earnings from investment assets -
nope
Makes grants to other organizations for charitable purposes, rather than to its own programs -
check
I'll let you and Care4all discuss which one of you is wrong and give you time to do some reading, and then come back to re-educate the ineducable.
It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. - Ronald Reagan