The Clinton Foundation reported a loss of more than $16 million in 2018, according to newly released tax records, marking the second consecutive year of losses since Hillary Clinton’s humiliating defeat to President Donald J. Trump in 2016.
The foundation reported total revenue of just $30.7 million, including $24.2 million worth of grants and contributions, a record low for the alleged “charity.” That figure was well short of the foundation’s total expenses for the year—$47.5 million— resulting in a net loss of $16.8 million.
The previous year, the Clinton Foundation reported a net loss of $16.1 million. In total, the organization has lost a staggering $32.9 million since Hillary Clinton’s lifelong quest for the presidency crumbled to dust in November 2016.
Shockingly, the foundation’s revenues have plummeted compared to the massive figures reported during Hillary’s tenure as secretary of state (2009 to 2013), and during her campaign as the Democratic Party’s essentially unchallenged presidential nominee in 2016.
The Clinton Foundation posted its highest revenue haul ($249 million) in 2009, the year Hillary was sworn in as President Barack Obama’s secretary of state. By 2013, the foundation had reported an additional $392.2 million in revenue, and went on to raise $344.4 million between 2014 and 2016.
Between 2008 and 2016, the Clinton Foundation reported total revenue in excess of $1.1 billion, or an annual average of $130.4 million. Needless to say, Clinton’s stunning failure to defeat Donald Trump in the 2016 election appears to have had a significant impact on the foundation’s ability to raise money.
The foundation’s financial prospects will presumably look much brighter after Hillary inevitably declares her candidacy for the Democratic Party’s presidential nomination in 2020.