The little-known Haiti Development Fund, an LLC incorporated in Delaware in August 2010, was created by the Clinton Foundation with an initial endowment of $20 million from shady Canadian mining mogul Frank Giustra and Mexican billionaire Carlos Slim.
The Fund was supposed to supply desperately needed seed money to Haitian entrepreneurs after an earthquake devastated the country in January 2010.But The Post found only one project that it funded with a fraction of the start-up cash.
Since the Fund is incorporated as a private entity and not a non-profit, it is not subject to the same disclosure rules as a public charity.
And the Clinton Foundation never disclosed the Fund as a “related entity” on its tax filings as required by IRS rules. It was only after the Clinton Foundation, under mounting scrutiny and media pressure, “voluntarily” decided to refile five years’ worth of tax returns in 2015 that the Fund appears on the forms.
Source: The Clinton Foundation’s $20 million off-the-books mystery | New York Post
