Inside Track
Clintons Shutter Global Initiative as Donations Dry Up
The Clinton Global Initiative (CGI) filed a Worker Adjustment and Retraining Notification with New York State’s Department of Labor on January 12, announcing that, effective April 15, 2017, it would be closing its doors and laying off 22 employees. The CGI’s stated reason: “Discontinuation of the Clinton Global Initiative.”
Following the election, foreign governments that had been regular donors began cutting their contributions to the Clinton Foundation, some severely. For example, news.com.au stated November 28 that the Australian government “has not renewed any of its partnerships with the scandal-plagued Clinton Foundation, effectively ending 10 years of taxpayer-funded contributions worth more than $88 million.” The government of Norway, which had been contributing as much as $20 million a year to the foundation, cut its contribution by nearly 90 percent, according to a January 15 New York Observer article.
As the Observer noted, these cuts indicate that “the organization’s clout was predicated on donor access to the Clintons, rather than its philanthropic work.”
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