When it comes to politics, you don’t have to open many doors to find a skeleton left by a Clinton. One only needs to type “Clinton” and “scandal” into your favorite search engine and wait for the results to come flooding in. According to some newly released financial documents, Bill Clinton received $16.46 million in payments from a for-profit educational organization backed by George Soros. In other words, the Clintons are profiting off of education, something that shouldn’t cost anything, at least according to liberal dialogue.
The organization in question is called Laureate Education and is America’s largest for-profit educational organization that takes in a reported $4 billion in annual revenue. As it turns out, from 2010 until a few days prior to the release of Clinton Cash,a book by Peter Schweizer released in 2015, Bill served as Laureate’s honorary chancellor. Oddly enough, when the Clinton campaign received a copy of the book, Bill abruptly resigned.
Coincidence? I don’t think so.
Douglas Becker, a longtime Clinton supporter and Laureate’s chairman also happens to own a nonprofit sister organization called the International Youth Foundation or IYF. As it turns out, shortly after Laureate gave Bill the position of honorary chancellor, Hillary made Laureate part of her State Department Global Partnership. Are you seeing how the pieces are connected?
With $4 billion in annual revenue, Laureate Education is America’s largest for-profit college company. From 2010 until just days before the 2015 release of Clinton Cash, Bill Clinton served as Laureate’s “honorary chancellor.” When the Clinton campaign team obtained a copy of the book and its Clinton-Laureate connection revelation, Bill Clinton abruptly resigned.
Laureate’s chairman and longtime Clinton crony, Douglas Becker, is also the chairman of a nonprofit sister organization called the International Youth Foundation (IYF). Indeed, IYF’s offices are less than a mile from Laureate’s in Baltimore. Shortly after Laureate made Bill Clinton its honorary chancellor in April 2010, Hillary Clinton made Laureate part of her State Department Global Partnership. IYF received USAID funds before Hillary’s tenure at the State Dept. But the grants the group received exploded after Bill Clinton was put on the Laureate payroll.
According to a Bloomberg analysis of the Clinton Cash revelation: “In 2009, the year before Bill Clinton joined Laureate, the nonprofit received 11 grants worth $9 million from the State Department or the affiliated USAID. In 2010, the group received 14 grants worth $15.1 million. In 2011, 13 grants added up to $14.6 million. The following year, those numbers jumped: IYF received 21 grants worth $25.5 million, including a direct grant from the State Department.”
Laureate is the leader of the for-profit college industry has come under fire and investigation several times over the past few years for monetizing education. However, that hasn’t stopped the Clintons from excepting $16 million from them, and Hillary from giving tax money to Laureate’s sister group.