Society

Clinton Foundation Oversaw $2M Pledge To Friend's Firm

| by Reve Fisher

The charity foundation owned by Bill Clinton arranged for a generous $2 million contribution to be given to a company owned in part by a family friend.

The financial commitment was revealed at the Clinton Global Initiative 2010 conference, according to The Wall Street Journal. During the initiative, government and industry sponsors commit to projects geared towards good causes. The Clinton Foundation oversaw a $2 million donation to Energy Pioneer Solutions, of which 54-year-old Julie Tauber McMahon has a 29 percent ownership.

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McMahon, who lives near the Clinton household in Chappaqua, New York, has been rumored to be a frequent visitor to the Clinton house and has been given the nickname “Energizer,” according to Radar Online. Although she has denied being involved in a romantic relationship with Bill Clinton, a family member reportedly alleged that the rumors were true.

“It became a running joke in the family,” the relative said in a 2011 interview. “If Clinton traveled to London, we'd learn Julie was also visiting London. When Clinton went to France, we'd discover Julie was also in France.”

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The proposal granted by the Clinton Foundation “commits $2 million to support the work of Energy Pioneer Solutions, a company founded to deliver energy savings to communities in rural America,” the charity wrote in a 2010 statement, as noted by the New York Post.

Craig Minassian, a spokesman for the Clinton Foundation, stated that there was nothing wrong with people who know the Clintons making such substantial pledges.

"If President Clinton knows people can they not make a CGI commitment?" he said to the Daily Mail. "He's not telling them what to do […] A CGI member makes a commitment either to partner with other people or to invest. That is not a foundation commitment. The whole idea of CGI is a marketplace. We put forward hundreds of commitments a year."

Under federal law, tax-exempt nonprofits are not supposed to act in the private interest of any person or organization, according to The Wall Street Journal. 

Sources: New York Post, The Wall Street JournalDaily Mail, Radar Online / Photo credit: Independent Journal Review

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