The Clinton Foundation, which has raised nearly $2 billion since Bill Clinton left office in 2001, has long been seen as a potential source of embarrassment for Mrs Clinton as she prepares to run for the White House in 2016.
Yes, true, the money’s in the foundation, not Chelsea’s pocket. But the rules of these foundations are pretty porous. She’ll essentially have control of that money (and the income derived from it) for her lifetime and that control will pass on down the generations. The basic tax rule is that it must spend 5% of the endowment each year. But that 5% includes paying nice incomes to those that run it.