Clinton Foundation files four years of revised tax returns

Earlier this month, the initiative backtracked from an earlier promise to refile its returns to correct the errors, which were made when the charity failed to comply with a conflict-of-interest pledge in place when Hillary Clinton was secretary of state.

The Clinton Foundation has amended four years of tax forms to include information about foreign government donations that had previously been omitted, Reuters reported.

The worldwide law firm that conducted the review of the Clinton Foundation’s inaccurate tax returns is a major donor to Hillary Clinton’s presidential campaign, records show. Shalala said the charity’s accountants said the organization was not legally required to amend its taxes, but that if it did “it would be important for us to correct error in the review”. But separate lists of donors provided annually by the charity show that at least seven governments funded Clinton Foundation projects during those years: Kuwait, Qatar, Oman, Algeria, Norway, Australia and the Dominican Republic.

The Clinton Foundation raised almost $178 million in 2014, according to Monday’s filing. “There is no change in our bottom-line numbers: assets, liabilities, and net assets; and we do not owe any taxes”, she said.

The foundation has amended its returns for 2010, 2011, 2012 and 2013, saying it “inadvertently” rolled donations from foreign governments into a general category that included all grant money.

“There is nothing to suggest that the Foundation meant to hide the receipt of government grants, which we report on our website”, Shalala wrote.

“The Foundation’s decision to file amended returns reflects an extraordinary commitment to disclosure and thoroughness”, Keneally said. The revelations about inaccuracies came just as Hillary Clinton, a Democratic candidate for president, endured scrutiny for the millions of dollars that her family foundation has received from foreign governments. Revenue from these grants & from speeches given by former President Bill Clinton have been improperly lumped in with different revenue.

Clinton severed all formal ties with the foundation upon announcing her presidential run this past April, but her husband and daughter remain on the board of directors.