Clinton Foundation officials repeatedly skirted or ignored federal laws and regulations while converting the controversial non-profit from its tax-exempt purpose of building a presidential library in Little Rock, Arkansas, into a $2 billion global machine selling political influence and access on an unprecedented scale, according to documents reviewed by The Daily Caller News Foundation.
Non-profit foundations are required by the IRS to conduct activities that support the officially approved tax-exempt purpose for which the federal agency allows them to offer donors the ability to deduct contributions. Officials must report annually via the IRS Tax Form 990 to show their non-profit’s compliance with its exempt purpose.
It was during the foundation’s first six full years of existence from 1998 to 2004 when the tight-knit circle of Clinton insiders progressively mis-represented in annual tax filings the non-profit’s activities and compliance with its exempt purpose.
In the IRS’s 1997 determination letter granting exemption, the federal tax agency instructed foundation officials that to retain the prized exempt status they must inform the government if you “change your sources of support, your purposes, character or method of operation … so we can consider the effect of the change on your exempt status and foundation status.”
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