Form Charitable Activities Section Oregon Department of Justice C T - 1 2 F 1515 SW 5th Avenue, Suite 410 Portland, OR 97201-5451 Emaii: charitable.activ!ties@doj.state.or.us Website: http://wvw.doi.state.or.us For Foreign Charities Section I. For Accounting Periods Beginning in VOICE (971)673-1880 TTY (800) 735-2900 FAX (971) 673-1882 2014 General Information 1. Cross Through incorrect items and Correct Here: Registration #: 26661 (See instructionsforchange of name or accounting period.) Bill, Hillary & Chelsea Clinton Foundation 1200 President Clinton Ave Littie Rocl< AR 72201 Phone: (501)371-9544 Period Beginning: 1/1/2014 Registration ft RECEIVED Organization Name: Fax: (501)371-9992 Period Ending; 12/31/2014 NOV 23 2015 Address: City. State, Zip; DEPARTMENT OF JUSHCE POffEW!ND LEGAL Phone: Email: Period Beginning: / / • / Period Ending: m Yes • Yes [ X ] N O Has the organization or any of Its officers, directors, trustees, or key employees ever signed a voluntary agreement with any government agency, such as a state attorney general, secretary of state, or local district attorney, or been a party to legal action in any court or administrative agency regarding charitable solicitation, administration, management, or fiduciary practices? If yes, attach explanation of each such agreement or action. See instmctlons • Yes [X]ND During this reporting period, did the organization amend its articles of incorporation, bylaws, or trust documents, OR did the organizatiofl receive a determination letter from the Internal Revenue Service relating to its tax-exempt status? If yes, attach a copy of the amended document or letter. • Yes I No I ] Yes No Did a certified public accountant audit your financial records? - If yes, attach a copy of the auditor's report, financial statements, accompanying notes, schedules, or other documents supplementing the report or financial statements. Is the organization a party to a contract involving person-to-person, advertising, vending machine or telephone fund-raising in Oregon? If yes, vwite the name of the fund-raising flrm(s) who conducts the campaign(s): 6. Is the organization ceasing operations in Oregon and is this the final report? (If yes, see instmctlons on how to close your registration.) 7. Provide contact information for the person responsibleforretaining the organization's records. Name Position Andrew Kessel 8. Amended Report? CFO Phone 501-748-0471 EH No /Wailing Address & Emaii Address 610 President Clinton Ave, 2nd F l Little Rock. A R 72201 List of Officers, Directors, Tmstees and Key Employees - List each person who held one of these positions at any time during the year even if they did not receive compensation. Attach additional sheets if necessary. If an attached IRS form includes substantially the same compensation information, the phrase "See IRS Fonn" may be entered in lieu of completing that section. (A) Name, mailing address, daytime phone number and email address Name; See I R S Form Address; Phone; L ) L ) L J Email; Name: Address; Phone: Email; Name; Address; Phone: Email: F o r m C o n t i n u e d o n Reverse Side (B) Title & average weekly hours devoted to position (C) Compensation (enter $0 if position unpaid) Section li. 9. Fee Calculation Total Oregon Revenue $342,034 (If Oregon ravenue b unknown or cannot bereasonablyssUmaled, write the total mvanue tront Line 12 (current year) on Form 690; Una 9 on Fonn 990-EZ; or Part I, Una 128 on Fonn 990-PF.) (If asUniated, or If organization claims no Oregon revenue, attacli explanation.) 10. Revenue Fee 10. $100 (Saa chart below. IMnura fee is $10, even If total revenue is a negative amount.) The revenue fee Is determined by the amount on line 9. Amount on Line 9 $0 $24,999 $25,000 $49,999 $50,000 $99,999 $100,000 $249,699 $250,000 $499,696 $500,000 $749,999 $750,000 $999,999 $1,000,000 or more 11. Revenue Fee $10 $25 $45 $75 $100 $135 $170 $200 Oregon Net Assets or Fund Balances at the End of the Reporting Period 11. (If the Oregon amount is unknovim, write the total net asseta or fund balances from Una 22 (end of year) on Forni 990; Line 21 on Forni 990-EZ: or Part ill, Line 6 on Fonn890-PF.) 12. Oregon Net Fixed Assets Used to Conduct Charitable Activities, 12. (if the Oregon amount Is unitnown, write $0.) 13. Amount Subject to Net Assets or Fund Balances Fee.. 13. 0 (Line 11 minus line 12. If less than $50,000, vniie $0.) 14. Net Assets or Fund Balances Fee 14. (Line 13 multiplied by .0001. If the (ae is less than $5, enter $0. Motto exceed $1,000. Round cants to the nearest whole dollar.) 15. 16. Are you filing this report late? [ X ] Yes Q No. (if yes, the late fee Is a minimum of $20. You may owe more depending on how late the report is. See Instruction 15 for addUianal biformatton or contact the Charitable Aeiivilias Section at (971) 673-1880 to obtain late fee amounL) Total Amount Due 15. $20 16. $120 (Add Unas 10,14, and 15. Make check payable to the Oregon Department of Justice.) 17. Attach a copy of the organization's federal 990 or other return and all supporting schedules and attachments that were filed with the IRS with the exception that Fonn 990 & 990E2 filere do not need to attach a copy of their Schedule B. Also, if the organization did not file with the IRS or filed a 990-N, but had Total Revenue of $25,000 or more, or Net Assets or Fund Balances of $50,000 or more, see the instructions as the organization may be required to complete certain IRS forms for Oregon purposes only. If the attached return was not filed with the IRS, then mark any such return as "For Oregon Purposes Only." If your organization files IRS Fonn 990-N (e-Postcard) please attach a copy or confinnatlon of its filing. Please Sign Here Under aenaities of perjury, 1 declare that iave examined this return, including all accompanying forms, schedules, and attachments, and to theyodst of my knowledge end belief, it true, correct, and complete. nature of officer Paid Preparer's Use Only Date 11/13/15 Preparer's signature Kathleen Venker Preparer's name Date Title 703-528-7525 Phone 200 N Glebe Rd, Suite 315, Arlington, V A 22203 Address 990 Form ^ Do not enter soeial security numbers on Ms tarai as it may be made puble. Open to Ptiblic ^ Infermation about Form 9»0 and ito InslractiQiH ic at wwiKfrs.BOii^tofm9»0; ,2014. and anding A For th» 2014 catendar year, or to year btglnning ,20 0 Emplivsr MsntKlcailon number C WemeptoraeiiltaUen BILL, 31-1580204 H I L I A R Y & CHELSEA CLIMTON FOUNDATION DdnBbutlna«*e* Number and street (or PJO. bnclf maltonot dellvtred to •treel addmn) ETaleplians number Room/suite (501) 610 P R E S I D E N T CLINTON AVE 2ND F L Imitaiiid Ainmdid 114 Under section 501(c), 527, or 4947(aH1> of UM Internal Rtvcnae Cod* (except private foundattons) DtparlTiwM oTUift'Miiify IrrtoAiBl RMMKM SonlM B OlMlC* OMB No. 1M6-0047 Return of Organization Exempt From Income Tax 748-0471 Cliy or torn, stale or pnwtnee, countiy, and ZIP or lore^ postal code G STo«siece ptt» L I T T L E R O C K ^ A R 72201 FNameandaddtessofpitmAwlonoer. DONNA E . x sQ1{c)(3) 1S01(oK Tsp^ewroptstatus; (Insertno.) ) J WMNH*: • Wtm. CLINTONFOONDATION. ORG K Form of OTflantealtoc X Corpotatton Othsr • No No »•NDb'allnh a lU, (M* Inrtnidigni) S27 H{c) Sroup »»»mplliin mimbar AssocWion Tnisl tVss [ X H(b) A«Illllto«tal-tetaM7 ! • Yse ) 1271 AVENUE OF AMERICAS NEW YORK, Ny 10020 t 184,422,359. H(B) Isltibignupniumfbr SHALALA • iLYeatoffarniaaon; 1997 M 8taleotl«Bal, I deelBie ttist 1 haw sgafflinMl tlil* letum. Including accompan)ina sehsdolsi and staienMnts, and tp the best of my lowwledfle and belief, H h arthanoHlcar)l«b«ad DeclBFllon of preparar (othsr tlian oWlcar) Is bawd on all Inlbwiaflon ot wtileh prepaier has any knowledge. Slgnatuie of oncer * » tU»B Here Type or print name and tHlB Prlnt/Typ«i inature PaM MARCIA K KRAUSE Preparer UaaOKly Ftmrtiwme •PRICEWATERHODSECOO: Date lit PTIN P00394681 iFtm-aElN • 1 3 - 4 0 0 8 3 2 4 [Phoneno. 202-414-1000 l x Ye« I I No Chaeki aeHiempfevBd LLP Hmitaddwis K e e ivm etasm. aw. SPITE im MftSHmsm. DC 20D05-3005 May the IRS (fiBousstWsrelunivrithWpfapfliw shown abow , For Papeiworic Reduction Act Notiee, eee Hw separate inatnieliene. Fomi 9 9 0 (2014) JSA 4871HQ 2532 V 14-7.6F 71302 PAGE 1 BILL, 31-1580204 HILLARY & CHELSEA CLINTON FOUNDATION Page 2 Form 990 (2014) Statement of Program Service Accomplishments Ciiecl< if Sciiedule O contains a response or note to any line in tills Part 1 Briefly describe the organization's mission: ATTACHMENT 1 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ? L J Yes i x l No If 'Yes," describe these new services on Schedule O. Did the organization cease conducting, or make significant changes in how it conducts, any program X No services? LJ Yes If 'Yes," describe these changes on Schedule O. Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported. 4a (Code: ) (Expenses $ CLINTON GLOBAL I N I T I A T I V E including grants of $ (SEE SCHEDULE 0 FOR FURTHER 23,176,059. ) (Revenue $ DETAILS) 1,600,272. (Revenue $ 3,579,397. 4b (Code: ) (Expenses $ 1 2 , 3 0 8 , 7 0 4 . including grants of $ CLINTON PRESIDENTIAL CENTER (SEE SCHEDULE 0 FOR FURTHER 4 c (Code: ) (Expenses $ CLINTON CLIMATE I N I T I A T I V E 14,455. DETAILS) 397, 387. ) (Revenue $ including grants of $ (SEE SCHEDULE 0 FOR FURTHER DETAILS) 8,293,416. 4d Other program services (Describe in Schedule O.) (Expenses $ 4,748,543. 28,774,008. including grants of $ 72,552,187. 4e Total program service expenses • ) (Revenues ) 1,655,358. JSA 4E1020 1.000 148,358. ) Form 9 9 0 4871HQ 2532 V 14-7.6F 71302 (2014) PAGE 2 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Form 990 (2014) IgBlH Page 3 Checklist of Required Schedules Yes 1 2 No Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? 1 X 2 X 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to 3 X 4 candidates for public office? If "Yes,"complete Schedule C, Part 1 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) 4 X 5 election in effect during the tax year? If "Yes,"complete Schedule C, Part II Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, 5 X assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III Did the organization maintain any donor advised funds or any similar funds or accounts for which donors 6 have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If 'Yes," complete Schedule D, Part 1 Did the organization receive or hold a conservation easement, including easements to preserve open space, 6 X 7 the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II Did the organization maintain collections of works of art, historical treasures, or other similar assets? If 'Yes," 7 X 8 8 X 9 Did the organization report an amount in Part X, line 2 1 , for escrow or custodial account liability; serve as a 9 X custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or 10 debt negotiation services? If "Yes,"complete Schedule D, Part IV Did the organization, directly or through a related organization, hold assets in temporarily 11 endowments, permanent endowments, or quasi-endowments? If "Yes,"complete Schedule D, Part V. If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts Vi, restricted 10 X complete Schedule D, Part VI b Did the organization report an amount for investments-other securities in Part X, line 12 that is 5% or more of its total assets reported in PartX, line 16? If "Yes," complete Schedule D, Part VII c Did the organization report an amount for investments-program related in Part X, line 13 that is 5% or more 11a X 11b X of its total assets reported in Part X, line 16? If Yes,"complete Schedule D, Part Vlll d Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets 11c X lid X 11e X VII, Vlll, IX, or X as applicable, a Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," reported in Part X, line 16? If "Yes," complete Schedule D, Part IX e Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X f Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 4 8 (ASC 7 4 0 ) ? If "Yes," complete Schedule D, PartX 12a Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete Schedule D, Parts XI and XII b Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if 13 Is the organization a school described in section 170(b)(1 XAX")? If "Yes," complete Schedule E b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If'Yes,"complete Schedule F, Parts land IV 11f X X 12a 12b 13 14a X 14b X X X X 15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or 15 16 for any foreign organization? If "Yes,"complete Schedule F, Parts II and fV Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other 16 17 X 18 assistance to or for foreign individuals? If "Yes," complete Schedule F, Parts III and IV Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11 e? 'Yes," complete Schedule G, Part 1 (see instructions) Did the organization report more than $15,000 total of fundraising event gross income and contributions on 18 X 19 Part Vlll, lines 1 c and 8a? If 'Yes," complete Schedule G, Part II Did the organization report more than $15,000 of gross income from gaming activities on Part Vlll, line 9a? 17 If "Yes," complete Schedule G, Part III 20a Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H b If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return? 19 20a 20b Fonn 9 9 0 X X X (2014) 4E1021 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 3 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Page 4 Form 990 (2014) P a r t IV Checklist of Required Schedules (continued) No Yes Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If "Yes," complete Sctiedule I, Parts I and II Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If "Yes,"complete Schedule I, Parts I and III 21 22 21 X X 22 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated 23 24a b c d 25 a 23 employees? If "Yes,"complete Schedule J Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 3 1 , 2002? If "Yes," answer lines 24b 24a through 24d and complete Schedule K. If "No,"go to line 25a 24b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?. Did the organization maintain an escrow account other than a refunding escrow at any time during the year 24c to defease any tax-exempt bonds? 24d Did the organization act as an "on behalf o f issuer for bonds outstanding at any time during the year? X X Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit 25a transaction with a disqualified person during the year? If "Yes,"complete Schedule L, Part I Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior X year, and that the transaction has not been reported on any of the organization's prior Fonns 990 or 990-EZ? 26 27 28 29 30 X 25b If "Yes," complete Schedule L, Part I Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or 26 disqualified persons? If "Yes," complete Schedule L, Part II X Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled 27 entity or family member of any of these persons? If "Yes," complete Schedule L, Part III Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions): 28a A current or former officer, director, trustee, or key emptoyee? tf "Yes,"complete Schedule L, Part IV A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete 28b Schedule L, Part IV An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) 28c was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV. Did the organization receive more than $25,000 in non-cash contributions? If "Yes,"complete Schedule M. . . , 29 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified 30 conservation contributions? If "Yes," complete Schedule M X X X X X X 31 Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete 31 X 32 Parti Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," 32 X 33 complete Schedule N, Part II Did the organization own 100% of an entity disregarded as separate from the organization under Regulations 33 X 34 sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I Was the organization related to any tax-exempt or taxable entity? If "Yes," complete 34 35a X X 35b X 35a b 36 37 38 Schedule N, Schedule Fl, Part II, III, or IV, and Part V, line 1 Did the organization have a controlled entity within the meaning of section 512(b)(13)? If "Yes" to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes,"complete Schedule R, Part V, line 2 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes,"complete Schedule R, Part V, line 2 Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 b and 19? Note. All Form 990 filers are required to complete Schedule O 36 X 37 X 38 Form 9 9 0 X (2014) JSA 4E1030 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 4 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Page 5 Form 9 9 0 (2014) Part V Statements Regarding Other IRS Filings and Tax Compliance Check if Schedule O contains a response or note to any line in this Part V 1 a Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable 1b b Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable c Did the organization comply with backup withholding rules for reportable payments to reportable gaming (gambling) winnings to prize winners? 2 a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return . 2a b If at least one is reported on line 2a, did the organization file all required federal employment tax returns? Note. If the sum of lines l a and 2a is greater than 250, you may be required to e-file (see instructions) 3a Did the organization have unrelated business gross income of $1,000 or more during the year? b If "Yes," has it filed a Form 990-T for this year? If "No" to line 3b, provide an explanation in Schedule O 4 a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? b If "Yes," enter the name of the foreign country: • __ SJL^_§Pil^DULE__0 See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts d e (FBAR). Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? If "Yes" to line 5a or 5b, did the organization file Fomri 8886-T? Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? Organizations that may receive deductible contributions under section 170(c). Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? If "Yes," did the organization notify the donor of the value of the goods or services provided? Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Fomn 8282? If "Yes," indicate the number of Forms 8282 filed during the year LTd Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 5a b c 6a b 7 a b c g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? h If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? 8 5b 5c 6a 6b 7f 7a. 7h Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at anytime during the year? 9 Sponsoring organizations maintaining donor advised funds. a Did the sponsoring organization make any taxable distributions under section 4966? b Did the sponsoring organization make a distribution to a donor, donor advisor, or related person? 9b 10 Section 501(c)(7) organizations. Enter: 10a a Initiation fees and capital contributions included on Part Vlll, line 12 b Gross receipts, included on Form 990, Part Vlll, line 12, for public use of club facilities . . . . 10b 11 Section 501(c)(12) organizations. Enter: 11a a Gross income from members or shareholders b Gross income from other sources (Do not net amounts due or paid to other sources 12 a b 13 a b lib against amounts due or received from them.) Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041? If "Yes," enter the amount of tax-exempt interest received or accrued during the year 112b Section 501(c)(29) qualified nonprofit health insurance issuers. Is the organization licensed to issue qualified health plans in more than one state? Note. See the instructions for additional information the organization must report on Schedule O. Enter the amount of reserves the organization is required to maintain by the states in which 13b the organization is licensed to issue qualified health plans 13c Enter the amount of reserves on hand c 14a Did the organization receive any payments for indoor tanning services during the tax year? b If "Yes," has it filed a Form 720 to report these payments? If "No,"provide an explanation in Schedule O JSA 4E1040 1.000 12a 13a 14b Form 990 4871HQ 2532 V 14-7.6F 71302 (2014) PAGE 5 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION Form 990 (2014) P a r t VI 31-1580204 Page 6 Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to line 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions. Check if Schedule O contains a response or note to any line in this Part VI x Section A . Governing B o d y and Management Yes la No la Enter the number of voting members of the governing body at the end of the tax year If there are material differences in voting rights among members of the governing body, or if the goveming body delegated broad authority to an executive committee or similar committee, explain in Schedule O. Id 1b Enter the number of voting members included in line l a , above, who are independent Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors, or trustees, or key employees to a management company or other person? . . 4 5 6 7a Did the organization make any significant changes to its goveming documents since the prior Form 990 was filed? Did the organization become aware during the year of a significant diversion of the organization's assets?. . . . Did the organization have members or stockholders? Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following: The governing body? Each committee with authority to act on behalf of the governing body? X X 7a 7b 8a 8b Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization's mailing address? If "Yes,"provide the names and addresses in Schedule O Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.) 10a Did the organization have local chapters, branches, or affiliates? b If 'Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes? . . . 11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the fomi? . b Describe in Schedule O the process, if any, used by the organization to review this Form 990. 12a Did the organization have a written conflict of interest policy? If "No,"go to line 13 b Were officers, directors, or trustees, and key employees required to disclose annually interests that could give 10a rise to conflicts? Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe In Schedule O how this was done 13 Did the organization have a written whistleblower policy? 14 Did the organization have a written document retention and destruction policy? 15 Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? a The organization's CEO, Executive Director, or top management official b Other officers or key employees of the organization If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions). 16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement Yes with a taxable entity during the year? If 'Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization's exempt status with respect to such arrangements? 10b 11a X 12a X 12b X 12c 13 14 X X X X X 15a 15b 16a No X X 16b X Section C . D i s c l o s u r e TACH_MENT_ _2 17 List the states with which a copy of this Form 990 is required to be filed • _ 18 Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable), 990, and 990-T (Section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply. I 19 20 I Own website l ] Another's website Upon request Q Other (explain in Schedule O) Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year. State the name, address, and telephone number of the person who possesses the organization's books and records: • ANDREW K E S S E L 610 PRESIDENT CLINTON AVE. L I T T L E ROCK, AR 72201 (501) 748-0471 JSA Fomn 990 (2014) 4E1042 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 6 BILL, Form 990 (2014) P a r t VII 31-1580204 HILLARY & CHELSEA CLINTON FOUNDATION Compensation of Officers, Directors, Trustees, Key Page? Employees, Highest Compensated Employees, and Independent Contractors Check if Schedule O contains a response or note to any line in this Part V l i . Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees 1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization's tax year. • List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amount of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid. • List all of the organization's current key employees, if any. See instructions for definition of "key employee." • List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee) who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $ 1 0 0 , 0 0 0 from the organization and any related organizations. • List all of the organization's former officers, key employees, and highest compensated employees who received more than $100,000 of reportable compensation from the organization and any related organizations. • List all of the organization's former directors or trustees that received, in the capacity as a former director or trustee of the organization, more than $10,000 of reportable compensation from the organization and any related organizations. List persons in the following order: individual compensated employees; and former such persons. trustees or directors; institutional trustees; officers; key employees; highest I Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee. (C) (A) (B) Position Name and Title Average hours per (do not check more than one box, unless person Is both an W/eek (list any ofRcer and a director/trustee) line) £1JBRUCE R LINDSEY CHAIRMAN OF BOARD £2)CHELSEA V CLINTON V I C E CHAIR OF BOARD 3 ) E R I C BRAVERMAN CEO UNTIL JANUARY 19, 2015 £4)WILLIAM JEFFERSON CLINTON DIRECTOR £5)HILLARY RODHAM CLINTON DIRECTOR UNTIL APRIL 12, 2015 ]_6)FRANK GIUSTRA DIRECTOR £7)R0LAND0 GONZALEZ BUNSTER DIRECTOR 8 ) E R I C GOOSBY DIRECTOR 9)HADEEL IBRAHIM DIRECTOR IIOJLISA JACKSON DIRECTOR _(11JCHERYL MILLS DIRECTOR 12) CHERYL SAB AN DIRECTOR _{13)RICHARD VERMA DIRECTOR UNTIL DEC _(14)ANDREW KESSEL CFO 11, 2014 45.00 5.00 25.00 10.00 50.00 0 20.00 5.00 20.00 0 5.00 0 5.00 0 5.00 0 5.00 0 5.00 0 5.00 0 5.00 0 5.00 0 50.00 0 Highest compensated employee below dotted O Key employee organizations Institutional trustee related Individual trustee or director hours for -n o i 361,407. X 0 X X (E) (D) X (F) Reportable Reportable compensation from compensation from related the organizations (W-2/1099-MISC) organization (W-2/1099-MISC) 498,847. 0 Estimated amount of other compensation from the organization and related organizations 34,053. 0 0 0 33,514. X 0 0 0 X 0 0 0 X 0 0 0 X 0 0 0 X 0 0 0 X 0 0 0 X 0 0 0 X 0 0 0 X 0 0 0 X 0 0 0 X 181,815. jS^ 0 39,793. Fomi 9 9 0 (2014) 4E1041 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 7 31-1580204 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION Page 8 Form 990 (2014) P a r t VII Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued) (E) (F) Reportable Estimated compensation c o m p e n s a t i o n from from related amount of other compensation from the hours for related organizations below dotted line) 15) STEPHANIE S STREETT EXECUTIVE DIRECTOR, SECRETARY 16) SCOTT CURRAN ASSISTANT SECRETARY & GEN COUN 17) ALEXIS BLANE ASSISTANT SEC & ASSOC GEN COUN 18) ROBERT S HARRISON CEO, CGI 19) DENNIS CHENG CHIEF DEVELOPMENT OFFICER 20) MAURA PALLY EXECUTIVE DIRECTOR 21) MARK GUNTON CEO, CGEP 22) SCOTT TAITEL COO, CGEP 23) AMITABH DESAI FOREIGN POLICY DIRECTOR 24) LAURA GRAHAM SENIOR ADVISOR 50.00 0 50.00 0 50.00 0 50.00 0 50.00 0 50.00 0 50.00 O"! 50.00 0 50.00 0 50.00 0 1 Key employee (D) Reportable Highest compensated employee (C) Position (do not check more than one box, unless person Is both an officer and a director/trustee) Tl O O InstHutional trustee (B) Average hours per week (list any Individual trustee or director (A) N a m e a n d title ttie organizations organization (W-2/1099-MISC) organization (W-2/1099-MISC) and related organizations X 145,758. 0 36,731. X 152,005. 0 33,589. X 154,316. 0 30,045. X 214,382. 0 31,331. X 245,000. 0 24,464. X 271,943. 0 11,722. X 270,798. 0 43,193. X 193,915. 0 32,746. X 193,740. 0 38,994. X 188,150. 0 1,042,069. 2,030,007. 3,072,076. 0 0 0 • • • 1b Sub-total c Total from continuation sheets to Part VII, Saction A 2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization • 55 3 Did the organization list any former officer, director, or trustee, key employee, or highest employee on line ^a7 If "Yes," compiete Sctiedule J for such individual 4 For any individual listed on line l a , is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual 1, 804 . 107,360. 284,619. 391,979. compensated 5 Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person Section B. Independent Contractors 1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization's tax year. (B) Description of services (A) Name and business address (C) Compensation ATTACHMENT 3 2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization • 23 JSA 4 E 1 0 5 5 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 8 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION Form 990 (2014) P a r t Vlll 31-1580204 Statement of Revenue Check if Schedule O contains a response or note to any line in this Part V l l l . (D) Revenue excluded from tax under sections 512-514 la b Federated campaigns Membership dues Fundraising events Related organizations Government grants (contributions). All other contributions, gifts, grants, and similar amounts not included above Noncash contributions included in lines la-lf $ Total. Add lines 1a-1f 2a b PRESIDENTIAL CENTER CLINTON GLOBAL I N I T I A T I V E CLINTON CLIMATE INITIATIVE CLINTON DEVELOPMENT I N I T I A T I V E All other program service revenue Total. Add lines 2a-2f Investment income (including dividends. Interest, and other similar amounts) ^ 4 Income from Investment of tax-exempt bond proceeds . ^ 5 Royalties • 6a Gross rents b Less: rental expenses . c Rental income or (loss) d 7a Net rental i n c o m e or (loss_i Gross amount from sales of assets other than Inventory Less: cost or other basis and sales expenses c d 8a . . . . Gain or (loss) Net gain or (loss) GnDss income from fundraising events (not including $ i4,828,409. of contributions reported on line 1c) S e e Part IV, line 18 Less: direct expenses Net income or (tass) from fundraising events 9a Gross income from gaming activities. See Part IV, line 19 a b L e s s : direct expenses b c Net income or (loss) from gaming activities Gross 10a b 0 11a b sales of inventory, returns and allowances a L e s s : cost of goods sold b Net income or (loss) from sales of inventory, Miscellaneous Revenue SPEECH REVENUE CDI FARMING c OTHER REVENUE d All other revenue e Total. Add lines 11a-11d • • • Total revenue. S e e instructions 12 less 1-758.247. Forni 9 9 0 JSA 4 E 1 0 5 1 1.000 4871HQ 2532 V 14-7.6F 71302 (2014) PAGE 9 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION Forni 990 (2014) 31-1580204 PagelO I^BlBl^tatement of Functional Expenses Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A). Check if Schedule O contains a response or note to any line in this Part IX Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part Vlll. (A) Total expenses (B) Program service expenses (C) Management and general expenses (D) Fundraising expenses 1 Grants and other assistance to domestic organizations anddomesticgovemments. SeePartIV, Iine21 . . . . 2 Grants and other assistance Grants and other 4,175,833. to domestic 0 Individuals. See Part IV, line 22 3 4,175,833. assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 4 5 Benefits paid to or for memtiers Compensation of current officers, 984,552. directors, trustees, and key employees , 6 984,552. 0 2,217,050. 428,201. 1,519,384. 269,465. 24,934,120. 19,261,708. 4,032,630. 1,639,782. 1,139,603. 4,051,375. 2,495,958. 877,545. 3,195,438. 1,856,986. 181,870. 651,014. 481,621. 80,188. 204,923. 157,351. 174,328. 144,697. 31,146. 315,845. Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) 7 Other salaries and wages 8 Pension plan accruals and contributions (include section 401 (k) and 403(b) employer contributions) 11 Fees for services (non-employees): a Management b Legal c Accounting d Lobbying e Professional fundraising services. See Pari IV, line 17. f Investment management fees 9 Other, 12 Advertising and promotion 14 Information technology Royalties 16 Occupancy . 17 Travel 850,803. 3,377. 7,323,080. 417,696. 2, 002, 181. 2,087,435. 0 4, 629, 359. 7,863,286. 5,691,054. 345,674. 782,157. 974,037. 470,034. 1,178. 902,432. 1,026,318. 1,161,992. 70,844. 317,593. 87,079. 3,255,793. 6,Oil,509. 1,257,129. 566,928. 116,437. 1,284,849. 12,341,612. 127,433. 5,082,321. 271,750. 237,569. 176,741. 456,820. 2,059,553. 2,865,475. 1,315,144. 72,552,187. 6,112. Payments of travel or entertainment expenses for any federal, state, or local public officials 19 Conferences, conventions, and meetings . . . . 20 Interest 21 Payments to affiliates 22 Depreciation, depletion, and amortization . . . . 23 Insurance 24 0 205,474. 460,542. 0 850,803. 3,377. (if line 11g amount exceeds 10% of line 25, column 15 18 a Other . . expenses. . . Itemize 0 12,469,045. 0 0 5,352,323. 448,491. 32,433. expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule 0.) aMAILING & L I S T RENTAL EXPENS bEXHIBITS & FIXTURES cLOSS ON PRGRM RELATED INVSTM dOTHER PROGRAM EXPENSES e All other expenses 25 26 Total functional expenses. Add lines 1 through 24e Joint costs. Complete this line only if the organization reported In column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here ^ if following S O P 98-2 (ASC 958-720). . . 295,907. 462,932. 2,059,553. 2,865,475. 1,485,695. 91,281,145. 295,907. 21,604. 12,010,365. 148,947. 6,718,593. 0 Forni 990 4871HQ 2532 V 14-7.6F 71302 (2014) PAGE 10 BILL, HILLARY & CHELSEA CLINTON 31-1580204 FOUNDATION Page 11 Form 9 9 0 (2014) PartX Balance Sheet Check if Schedule O contains a response or note to any line in this Part X (B) (A) Beginning of year End of year 40,198,007, 85,583,746. 55,578,515. Cash - non-interest-bearing Savings and temporary cash investments Pledges and grants receivable, net Accounts receivable, net Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. 35,479,188 56,399,881, 1,404,820. 110,883,866. 1,097,893. Complete Part II of Schedule L 6 Loans and other receivat)les from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions). Complete Part II of Schedule L 7 8 9 Notes and loans receivable, net Inventories for sale or use Prepaid expenses and defen-ed charges . . . 864,072, 10 a Land, buildings, and equipment: cost or 10a other basis. Complete Part VI of Schedule D 10b b Less: accumulated depreciatron Investments - publicly traded securities Investments - other securities. See Part IV, line 11 . 148,028,216. 40,491,464, Investments - program-related. See Part IV, line 11 18 19 Grants payable Deferred revenue Tax-exempt bond liabilities Escrow or custodial account liability. Complete Part IV of Schedule D . . . . Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and 20 21 22 109,995,681 10c 14,649,160. 11 12 2,174,513, 13 107,536,752. 4,611,524. 0 2,371,695. 0 365,000 277,805,820, 15 16 87,851. 354,190,170. 9,088,298, 17 6,996,643. 18 19 20 21 0 14,722,178. 12,032,339, 0 22 74,985, 23 24 disqualified persons. Complete Part II of Schedule L Secured mortgages and notes payable to unrelated third parties Unsecured notes and loans payable to unrelated third parties 23 24 1,032,291, 14 Intangible assets Other assets. See Part IV, line 11 Total assets. Add lines 1 through 15 (must equal line 34) Accounts payable and accrued expenses 17 0 786,545. 894,990, Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X 25 9,310,740 of Schedule D Total liabilities. Add lines 17 through 25 26 30,506,362 Organizations that follow S F A S 117 (ASC 958), check here complete lines 27 through 29, and lines 33 and 34. 27 28 29 164,678,982 23,606,628 Permanently restricted net assets 59,013,848 • • and 32 33 34 247,299,458 277,805,820, Total net assets or fund balances Total liabilities and net assets/fund balances 27 156,156,627. 28 29 25,621,317. 150,693,405. 30 31 Capital stock or trust principal, or current funds Paid-in or capital surplus, or land, building, or equipment fund Retained earnings, endowment, accumulated income, or other funds 31 0 21,718,821. and Unrestricted net assets Temporanly restricted net assets Organizations that do not follow S F A S 117 ( A S C 958), check here complete lines 30 through 34. 30 • 25 26 32 33 34 332,471,349. 354,190,170. Fomi 990 (2014) JSA 4 E 1 0 5 3 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 11 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Page Form 990 (2014) P a r t XI Reconciliation of Net Assets Checic if Schedule O contains a response or note to any line in this Part XI 1 2 Total revenue (must equal Part Vlll, column (A), line 12) Total expenses (must equal Part IX, column (A), line 25) 3 4 Revenue less expenses. Subtract line 2 from line 1 Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) 5 6 Net unrealized gains (losses) on investments Donated services and use of facilities 7 8 9 10 Investment expenses Prior period adjustments Other changes in net assets or fund balances (explain in Schedule O) Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B)) P a r t XII . x 177,804,612. 91,281,145, 86,523,467. 247,299,458. 2,815. 0 0 -1,354,391. 10 332,471,349. Financial Statements and Reporting Checl^ if Schedule O contains a response or note to any line in this Part XII Yes 1 12 No Accrual Q Other Accounting method used to prepare the Form 990: Cash If the organization changed its method of accounting from a prior year or checked "Other," explain in Schedule O. 2a Were the organization's financial statements compiled or reviewed by an independent accountant? X 2a If "Yes," check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both: I I Separate basis CH Consolidated basis L I Both consolidated and separate basis b Were the organization's financial statements audited by an independent accountant? If "Yes," check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both: I Separate basis c [ 3 Consolidated basis 2b CD Both consolidated and separate basis If 'Yes" to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant? 2c If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O. 3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? b If 'Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. 3a 3b Fomn 990 (2014) JSA 4 E 1 0 5 4 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 12 SCHEDULEA ( F o r m 990 o r 990-EZ) 3epartment of the Treasury Internal Revenue Service Public Charity Status and Public Support OMB No. 1545-0047 Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable t r u s t 1®14 ^ Attach to Form 990 or Form 990-EZ. ^Information about Schedule A (Form 990 or 990-EZ) and its instavctions is at www.irs.gov/form990. Employer identification number Name of the organizirtion 31-1580204 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION Reason for Public Charity Status (All organizations must complete this part.) See instructions. Part 1 The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.) A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i). 1 2 3 4 I 8 9 I A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.) A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii). A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state: I An organization operated for the l)enefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.) A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v). An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.) A community trust described in section 170(b){1)(A)(vi). (Complete Part II.) An organization that normally receives: (1) more than 3 3 i / 3 % o f its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 3 3 i / 3 % o f its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.) An organization organized and operated exclusively to test for public safety. See section 509(a)(4). An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of 10 11 one or more publicly supported organizations descnbed in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 11 a through 11 d that descnbes the type of supporting organization and complete lines 11 e, 11 f, and 11 g. I Type 1. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B. I Type 11. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organizatlon(s). You must complete Part IV, Sections A and C. I Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organizatk)n(s) (see instructions). You must complete Part IV, Sections A, D, and E. I Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distnbution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V. I Check this box if the organization received a written determination from the IRS that it is a Type 1, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization Enter the number of supported organizations Provide the following information about the supported organization(s). (i) Name of supported organization (ii) EIN (ill) Type of organization (described on lines 1-9 above or I R C section (see instructions)) (Iv) Is the organization listed in your goveming document? Yes (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions) No (A) (B) (C) (D) (E) Total For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule A (Form 990 or 990-EZ) 2014 JSA 4Ei2io2.ooo4g7^jjQ 2532 V 14-7.6F 71302 PAGE 13 BILL, HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Schedule A (Fomn 990 or 990-EZ) 2014 P a r t II Page 2 Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.) Section A. Public Support Calendar year (or fiscal year beginning in) ^ 1 (a) 2010 (b)2011 (C)2012 (d)2013 65,232,759. 49,937,264. (e) 2014 (f) Total Gifts, grants, contributions, and membership fees received. (Do not 136,869,303. 2 142,885,956. 172,579,474. 567,504,756. Tax revenues levied for the organization's benefit and either paid 0 3 The value of services or facilities furnished by a governmental unit to the 0 136, 869,303. 5 6 65,232,759. 49,937,264. 142,885,956. 172,579,474. The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) . Public support Subtract line 5 from line 4. 567,504,756. 32,989,078. 534,515,678. Section B. Total Support Calendar year (or fiscal year beginning in) ^ 8 9 Gross income from interest, dividends, payments received on securities loans, rents, royalties and Income from similar sources (b) 2011 (c)2012 136,869,303. 65,232,759. 49,937,264. 142,885,956. 172,579,474. 567,504,756. 52,088. 68,423. 60,308. 159, 457. 388,177. 728,453. (a) 2010 (d)2013 (6)2014 (f) Total Net income from unrelated business activities, whether or not the business 0 10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) -AT-CH. 1 11 Total support Add lines 7 through 10 . . 2,530,765. 5,329,830. 2,464, 256. 4,419,621. 5,107,819. 19,852,291. 588,085,500. 12 Gross receipts from related activities, etc. (s 13 First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this tioxand stop here ^ 12 6,728,826. Section C . Computation of Public Support Percentage 14 15 Public support percentage for 2014 (line 6, column (f) divided by line 1 1 , column (f)) Public support percentage from 2013 Schedule A, Part II, line 14 14 90 .89 0/0 15 87.97 o/„ 16a 3 3 i / 3 % support test - 2014. If the organization did not check the box on line 13, and line 14 is 3 3 i / 3 % or more, check this box and stop here. The organization qualifies as a publicly supported organization • b 3 3 i / 3 % support test - 2013. If the organization did not check a box on line 13 or 16a, and line 15 is 3 3 i / 3 % or more, check this box and stop here. The organization qualifies as a publicly supported organization • 17a 10%-facts-and-circumstances test - 2014. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization • b 10%-facts-and-circumstances test - 2 0 1 3 . If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization 18 • Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see instructions • JSA 4 E 1 2 2 0 2. ODD 4871HQ 2532 V 14-7.6F 71302 PAGE 14 31-1580204 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION Page 3 Schedule A (Form 990 or 990-EZ) 2014 Support Schedule for Organizations Described in Section 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part 11. If the organization fails to qualify under the tests listed below, please complete Part II.) Calendar year (or fiscal year beginning In) 1 ^ (a) 2010 (b)2011 (c)2012 (d)2013 (e)2014 (f) Total (a) 2010 (b)2011 (c)2012 (d)2013 (e)2014 (f) Total Gifts, grants, contributions, and membership fees received. (Do not Include any 'unusual grants.") 2 Gross receipts from admissions, merchandise sold or sen/ices performed, or facilities furnished in any activity that Is related to the organization's tax-exempt purpose 3 Gross receipts from activities that are not an unrelated trade or business under section 5 1 3 , 4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf 5 The value of services or facilities furnished by a governmental unit to the organization without charge 6 Total. Add lines 1 through 5 . . , . . , 7 a Amounts included on lines 1, 2, and 3 received from disqualified persons . . . . b Amounts included on lines 2 and 3 received from other than disqualriied persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year 8 Public support (Subtract line 7c from line 6.) Section B. Total Support Calendar year (or fiscal year beginning in) ^ 1 0 a Gn3ss income from interest, dividends, payments received on securities loans, rents, royalties and income from similar b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 , c Add lines 10a and 10b , . 11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly 12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) 13 Total support (Add lines 9, 10c, 11, 14 First five years. If the Fonn 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) and 12.) , . . organization, check this box and stop here Section C . Computation of Public Support Percentage 15 16 Public support percentage for 2014 (line 8, column (f) divided by line 13, column (f))_ 15 Public support percentage from 2013 Schedule A, Part III, line 15 16 % % Section D. Computation of Investment Income Percentage 17 Investment income percentage for 2014 (line 10c, column (f) divided by line 13, column (f)) 17 % 18 Investment income percentage from 2013 Schedule A, Part 111, line 17 18 % 19a 3 3 1 / 3 % support tests - 2014. If the organization did not check the box on line 14, and line 15 is more than 331/3%, and line 17 is not more than 331/3%, check this box and stop here. The organization qualifies as a publicly supported organization • b 3 3 1 / 3 % support tests - 2013. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 331/3%, and line 18 is not more than 331/3%, check this box and stop here. The organization qualifies as a publicly supported organization 20 • Private foundation. If the organization did not check a box on line 14. 19a. or 19b, check this box and see instructions • Schedule A (Form 990 or 990-EZ) 2014 JSA 4 E 1 2 2 1 2.000 4871HQ 2532 V 14-7.6F 71302 PAGE 15 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 ,Page4 Schedule A (Form 990 or 990-EZ) 2014 Supporting Organizations (Complete only if you checler FOUNDATION 31-1580204 P a r t II Noncash Propeiiy (see instructions). Use duplicate copies of Part II if additional space is needed. (a) No. from Parti (c) FMV (or estimate) (b) Description of noncash property given (see instructions) (d) Date received $ (a) No. from Parti (c) FIMV (or estimate) (b) Description of noncash property given (see instructions) (d) Date received $_ (a) No. from Parti (c) FMV (or estimate) (b) Description of noncash property given (see instructions) (d) Date received $ (a) No. from Parti (c) FMV (or estimate) (b) Description of noncash property given (see instructions) $_ (a) No. from Parti _ _ _ _ (c) FMV (or estimate) (see instructions) (b) Description of noncash property given (d) Date received (d) Date received $ (a) No. from Parti (c) FMV (or estimate) (b) Description of noncash property given (see instructions) $ - _ _ _ (d) Date received - Schedule B (Form 990, 990-EZ, or 990-PF) (2014) JSA 4 E 1 2 5 4 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 24 Schedule B (Form 990, 990-EZ, or 990-PF) (2014) N a m e o f organization P a r t ill Page 4 Employer identification number B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Exdusiwly reWg'ious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) • $ Use duplicate copies of Part III if additional space is needed. (a) No. from Parti (b) Purpose of gift (c) Use of gift (d) Description of how gift is held (e) Transfer of gift Transferee's name, address, and ZIP + 4 (a) No. from Parti (b) Purpose of gift Relationship of transferor to transferee (c) Use of gift (d) Description of how gift is held (e) Transfer of gift Transferee's name, address, and ZIP + 4 (a) No. from Parti (b) Purpose of gift Relationship of transferor to transferee (c) U s e of gift (d) Description of how gift is held (e) Transfer of gift Transferee's name, address, and ZIP + 4 (a) No. from PartI (b) Purpose of gift Relationship of transferor to transferee (c) Use of gift (d) Description of how gift is held (e) Transfer of gift Transferee's name, address, and ZIP + 4 Relationship of transferor to transferee JSA Schedule B (Form 990, 990-EZ, or g90-PF) (2014) 4 E 1 2 5 5 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 25 SCHEDULE D (Form 990) OMB No. 1545-0047 Supplemental Financial Statements ii14 ^ C o m p l e t e If the organization answered "Yes" to Form 990, Part iV, line 6, 7, 8, 9 , 1 0 , 1 1 a , 11b, 11c, l i d , 11e, 11f, 12a, or 12b. Department of the Treasury Internal Revenue Service ^ Attach to Form 990. ^ Information about Schedule D (Form 990) and its instructions is at Mame of the organization www.lrs.gov/form990. Employer identification number 31-1580204 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Part 1 Complete if the organization answered "Yes" to Form 990, Part IV, line 6. (b) Funds and other accounts (a) Donor advised funds 2 Aggregate value of contributions to (during year) 3 Aggregate value of grants from (during year) . . Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization's property, subject to the organization's exclusive legal control? Z ] Yes • No Z l Yes • No Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? P a r t II Conservation Easements. Complete if the organization answered "Yes" to Fomn 990, Part IV, line 7. Purpose(s) of conservation easements held by the organization (check all that apply). Preservation of land for public use (e.g., recreation or education) I I Protection of natural habitat I I Preservation of a historically important land area Preservation of a certified historic structure Preservation of open space Complete lines 2a through 2d if the organization held a qualified conservation contribution in ttve form of a conservatton Held at the E n d of the Tax Year easement on the last day of the tax year. a b c d Total number of conservation easements 2a Total acreage restricted by conservation easements Number of conservation easements on a certified historic structure included in (a) Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register 2b 2c 2d Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the tax year • 4 Number of states where property subject to conservation easement is located • Does the organization have a written policy regarding the periodic monitoring, inspection, handling of — violations, and enforcement of the conservation easements it holds? I—I Y e s I—INo Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year 5 6 Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year • $ Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i)^ — and section 170(h)(4)(B)(ii)? I—I Y e s I—I No In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and balance sheet, and include, if applicable, the text of the footnote to the organization's financial statements that describes the organization's accounting for conservation easements. Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets. Complete if the organization answered "Yes" to Form 990, Part IV, line 8. la If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items. b If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items: 2 a b (i) Revenue included in Form 990, Part Vlll, line 1 • $ (ii) Assets included in Form 990, PartX • $ If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the following amounts required to be reported under SFAS 116 (ASC 958) relating to these items: Revenue included in Form 990, Part Vlll, line 1 • $ Assets included in Form 990, PartX • $ Schedule D (Fomi 990) 2014 For Paperwork Reduction Act Notice, s e e the Instructions for Form 990. JSA 4 E 1 2 6 8 1.000 4871HQ 2532 V 14-7, 6F 71302 PAGE 26 BILL, 31-1580204 HILLARY & CHELSEA CLINTON FOUNDATION Page 2 Schedule D (Form 990) 2014 Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar A s s e t s 3 (continued) Using tfie organization's acquisition, accession, and ottier records, ciiecl< any of the following that are a significant use of its collection items (check all that apply): a Public exhibition b Scholarly research c ( _ ] Preservation for future generations d Loan or exchange programs Other 4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose in Part 5 XIII. During the year, did the organization solicit or receive donations of art, historical treasures, or other similar assets to be sold to raise funds rather than to be maintained as part of the organization's collection? P a r t IV 1a Yes No Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990, Part IV, line 9, or reported an amount on Form 990, PartX, line 2 1 . Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not included on Form 990, Part X? If "Yes," explain the arrangement in Part XIII and complete the following table: • Yes • No Amount 1c c Beginning balance 1d d Additions during the year 1e e Distributions during the year If f Ending balance 2a Did the organization include an amount on Form 990, Part X, line 2 1 , for escrow or custodial account liability? b If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII. . . . Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part iV, line 10. Part V (a) Current year (b) Prior year (c) Two years back 267,491. 250,000. 59,096,285. l a Beginning of year balance . . . 17,491. 58,763,848. 91,679,557. b Contnbutions c Net investment earnings, gains, 64,946. 16,123. and losses d Grants or scholarships e Other expenditures for facilities and programs f Administrative expenses . . . . 267,491. 59,096,285. 150,791,965. g End of year balance 2 Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as: a Board designated or quasi-endowment ^ % Yes No (e) Four years back (d) Three years back 250,000. 250,000 250,000. 250,000 b Permanent endowment ^ _99.90^0_0_% c Temporarily restricted endowment • _ ._10_00 % The percentages in lines 2a, 2b, and 2c should equal 100%. 3a Are there endowment funds not in the possession of the organization that are held and administered for the Yes organization by: (i) unrelated organizations (ii) related organizations b If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? 4 Descnbe in Part XIII the intended uses of the organization's endowment funds. Land, Buildings, and Equipment. P a r t VI Description of property 1 a Land b Buildings c Leasehold improvements d e Equipment Other . (a) Cost or other basis (investment) . . 3a(i) 3a(ii) 3b (b) Cost or other basis (other) 943,690. 130,247,599. 7,037,162. 9,799,765. (c) Accumulated depreciation 33,029,057. 4,173,915. 3,288,492. No X X (d) Book value 943,690. 97,218,542. 2,863,247. 6,511,273. 107,536,752. Schedule D (Form 990) 2014 JSA 4E1269 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 27 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Schedule D (Form 990) 2014 P a r t VII Page 3 Investments - Other Securities. Complete if the organization answerec "Yes" to Form 990, Part IV, line 11b. See Form 990, PartX, line 12. (a) Description of security or category (including name of security) (b) Book value (c) Method of veduation: Cost or end-of-year market value ( 1 ) Financial derivatives (2) C l o s e l y - h e l d equity interests (3) Other (A) (B) (C) ^ (b) ] (E) (F) (G) (H) Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.) I^BlfflTl • Investments - Program Related. Complete if the organization answered "Yes" to Form 990, Part IV, line 11c. See Form 990, Part X, line 13. (a) Description of investment (b) Book value (c) Method of valuation: Cost or end-of-year market value (1) (2) (3) (4) (5) (6) (7) (8) (9) Total. (Column (b) must equal Form 990, PartX, col. (B) line 13.) P a r t IX • Other Assets. Complete if the organization answered "Yes" to Form 990, Part IV, line 11d. See Form 990, Part X, line 15. (a) Description (b) Book value (1) (2) (3) (4) (5) (6) (7) (8) (9) Total. (Column (b) must equal Forni 990, PartX, col. (B) line 15.) tSnuM • Other Liabilities. Complete if the organization answered "Yes" to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25. 1. (a) Description of liability (b) Book value (1) F e d e r a l income taxes (2) (3) (4) (5) (6) (7) (8) (9) Total. (Column (b) must equal Fam 990, PartX, col (B) line 25.) • 2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 46 (ASC 740). Check here if the text of the footnote has been provided in Part XIII JSA 4 E 1 2 7 0 1.000 4871HQ 2532 Schedule D (Form 990) 2014 V 14-7.6F 71302 PAGE 28 BILL, HILLARY & CHELSEA CLINTON 31-1580204 FOUNDATION Page 4 Schedule D (Form 990) 2014 P a r t XI 1 2 Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Total revenue, gains, and other support per audited financial statements Amounts included on line 1 but not on Form 990, Part Vlll, line 12: a 1 2a 2b Net unrealized gains (losses) on investments b Donated services and use of facilities c Recoveries of prior year grants d Other (Describe in Part XIII.) e . . . . 2c 2d 2e Add lines 2a through 2d 3 4 a Amounts included on Form 990, Part Vlll, line 12, but not on line 1: Investment expenses not included on Form 990, Part Vlll, line 7b b Other (Describe in Part XIII.) c Add lines 4a and 4b 4a 4b 4c 5 i^HWW Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. 1 Total expenses and losses per audited financial statements 2 Amounts included on line 1 but not on Form 990, Part IX, line 25: a b Donated services and use of facilities Prior year adjustments c d Other losses Other (Describe in Part XIII.) e Add lines 2a through 2d 1 2a 2b 2c 2d 2e 3 4 Amounts included on Form 990, Part IX, line 25, but not on line 1: a Investment expenses not included on Form 990, Part Vlll, line 7b 4a 4b b Other (Describe in Part XIII.) c Add lines 4a and 4b 4c 5 l ^ f f R r n S u D D l e m e n t a l Information. Provide the descriptions required for Part II, lines 3, 5, and 9; Part 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information. SEE PAGE 5 JSA Schedule D (Form 990) 2014 4 E 1 2 7 1 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 29 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION Supplemental Information (continued) Schedule D (Form990)2014 BSBWnf 31-1580204 Page 5 FORM 990, SCHEDULE D, PART V, LINE 4 THE ENDOWMENT CONSISTS OF FUNDS ESTABLISHED TO SUPPORT THE ONGOING MISSION OF THE B I L L , HILLARY & CHELSEA CLINTON FOUNDATION. FORM 990, SCHEDULE D, PART X, LINE 2 FIN 48 DISCLOSURE: MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN BY THE CONSOLIDATED E N T I T I E S AND HAS CONCLUDED THAT, AS OF DECEMBER 31, THERE ARE NO UNCERTAIN 2014, TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A L I A B I L I T Y OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. Schedule D (Form 990) 2014 JSA 4 E 1 2 2 6 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 30 Statement of Activities Outside the United States SCHEDULE F OMB No. 1545-0047 ( F o r m 990) • ^ Department of the Treasury ntemal Revenue Service ^ iii4 Complete If the organization answered " Y e s " on Form 990, Part IV, line 14b, 15, or 16. Attach to Form 990. Information about S c h e d u l e F (Form 990) and its instructions is at vmw.{rs.goWform990. Employer identification numtwr 'tiame of the organization 31-1580204 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Part 1 Form 990, Part IV, line 14b. 1 For grantmakers. Does the organization maintain records to substantiate the amount of its grants and other assistance, t h e grantees' eligibility for t h e grants or assistance, and t h e selection criteria used to award t h e x]Yes grants or assistance? 2 For grantmakers. Describe in Part V the organization's procedures for monitoring Q N O the use of its grants and other assistance outside the United States. 3 Activities per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.) (b) Number of offices in the region (a) Region (c) Number of employees, agents, and independent contractors in region (d) Activities conducted in region (by type) (e.g., fundraising, program senflces, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of service(s) in region (f) Total expenditures for and investments in region 4,125,467. PROGRAM S E R V I C E S CLIMATE e, ECONOMIC DEV INVESTMENTS PGM RELATED INVESTMENT PROGRAM S E R V I C E S CLIMATE WORK 2,382,920. PROGRAM S E R V I C E S CLIMATE WORK 184,549. 2. PROGRAM S E R V I C E S CONFERENCES 217,289. SOUTH AMERICA 9. PROGRAM S E R V I C E S ECONOMIC DEVELOPMENT 6,380,931. (7) SOUTH A S I A 5. PROGRAM S E R V I C E S ECONOMIC DEVELOPMENT 1,053,222. (8) SUB-SAHARAH AFRICA 72. PROGRAM S E R V I C E S CLIMATE & ECONOMIC DEV 8,800,527. (1) CENTRA! AMERICft/CflRIBBEAN (2) CENTRAL (3) EAST A S I A AND THE P A C I F I C (4) EUROPE (5) MIDDLE EAST AND NORTH AFRICA (6) 3. AMERICA/CARIBBEAN 5. 505,423. _I9I m i m i 3a b Sub-total Total from 11. 97. 11. 91^ 23,650,328 continuation sheets to Part I c Totals (add lines 3a and 3b^ 23,650,328 S c h e d u l e F (Form 990) 2014 For Paperwork Reduction Act Notice, s e e the Instauctions for Form 990. JSA 4 E 1 2 7 4 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 31 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Schedule F (Form 990) 2014 Part II Page 2 Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be (a) Name of (c) Region organization isUB-SAHARAN A F R I C A (d) Purpose of grant FORESTRY (e) Amount of cash grant (0 Manner of cash disbursement (g) Amount of non-cash assistance (h) Description of non-cash assistance (1) Method of valuation (bool<, FMV, appraisal, other) 299,469. WIRE TRANSFE 0 N/A 247,319. WIRE TRANSFE 0 N/A 246,131. WIRE TRANSFE 0 N/A 150,000. WIRE TRANSFE 0 N/A SUSTAINABLE icENT. AMERICA/CARIBBEAN AGRICULTURE H A I T I RECONS IcENT. AME RICA/CARIBBEAN TRUCTION GENDER IEUROPE/ICELAND/GREENLAND EQUALITY FINANCIAL 2 3 icENT. AMERICA/CARIBBEAN LITERACY 29,663. WIRE TRANSFE 0 N/A IcENT. AMERICA/CARIBBEAN TfUVINING 12,000. WIRE TRANSFE 0 N/A Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501 (c)(3) equivalency letter • Enter total number of other organizations or entities • 4. 2' Schedule F (Form 990) 2014 JSA 4 E 1 2 r 5 1.000 /I 0 - 7 1 u n o c -3 o -1 /I _n /zxp -71 -3 n o B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Schedule F (Form 990) 2014 P a r t III Page 3 Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16. Part III can be duplicated if additional space is needed. (a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of cash grant (e) Manner of cash disbursement (f) Amount of non-cash assistance (g) Description of non-cash assistance (h) Method of valuation (book, FMV, appraisal, other) (1) (2) <3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) Schedule F (Form 990) 2014 JSA 4 E 1 2 7 6 1.000 /I 0-7 1 u r > O C O O 31-1580204 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION Page 4 Schedule F (Form 990) 2014 P a r t IV Foreign Forms Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Fonv 926, Return by a U.S. Transferor of Property to a Foreign Yes Corporation (see Instructions for Form 926) • No Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to file Form 3520, Annual Return to Report Transactions with Foreign Tnists and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; do not file with Form 990) L J Yes No Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization maybe required to file Form 5471, Information Return of U.S. Persons With Respect To Yes Certain Foreign Corporations (see Instructions for Form 5471) • No Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund (see Instructions for Form 8621) • Yes E No Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons With Respect To Certain Yes Foreign Partnerships (see instructions for Form 8865J • No Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see Instructions for Form 5713; donot file with Form 990) • Yes No Schedule F (Form 990) 2014 4 E 1 2 7 7 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 34 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION Schedule F (Form 990) 2014 l«TiW 31-1580204 Page 5 Supplemental Information Complete this part to provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions). FORM 990, SCHEDULE F, PART I , LINE 2 THE ORGANIZATION REQUIRES A FINAL REPORT FROM ALL GRANT RECIPIENTS DETAILING THE USE OF GRANT FUNDS. THE RELEVANT GROUP I N I T I A T I V E WITHIN THE FOUNDATION REVIEWS THESE REPORTS FOR PROPER USE OF GRANT FUNDS AND CONTINUED FUNDING. FORM 990, SCHEDULE F, PART I , LINE 3, COLUMN (F) EXPENDITURES ARE REPORTED ON AN ACCRUAL-BASIS CONSISTENT WITH THE ORGANIZATION'S FINANCIAL STATEMENTS. Schedule F (Form 990) 2014 4 E 1 5 0 2 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 35 S u p p l e m e n t a l Information Regarding Fundraising or G a m i n g Activities SCHEDULE G (Form 990 or 990-EZ) Complete if the organization answered "Yes" to Forni 990, Part IV, lines 17,18, or 19, or If the organization entered more than $15,000 on Form 990-EZ, line 6a. ^ Department of the Treasury Internal Revenue Service Attach to Form 990 or Form 990-EZ. ^ Information aboiA Schedule G (Form 990 or 990-EZ) and its Instructions is at www.irs.gov/lbrm990. 1§14 Open to Public Inspection Employer identification numtier Name of the organization BILL, OMB No. 1545-0047 31-1580204 HILLARY & CHELSEA CLINTON FOUNDATION Form 990-EZ filers are not required to complete this part. Indicate whether the organization raised funds through any of the following activities. Check all that apply. X X X Mail solicitations e Internet and email solicitations Phone solicitations In-person solicitations f g X Solicitation of non-government grants Solicitation of government grants Special fundraising events • 2 a Did the organization have a written or oral agreement with any individual (including officers, directors, trustees X Yes No or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services? b If "Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is to be compensated at least $5,000 by the organization. (1) Name and address of individual or entity (fundraiser) (II) Activity (III) Did fundraiser have custody or control of contributions? Yes 1 COMMUNITY COUNSELLING SERVICE CO., L L C 2 M + R STRATEGIC SERVICES 3AMERICAN MARKETING & COMMUNICATIONS CORP. (iv) Gross receipts from activity (v) Amount paid to (or retained by) fundraiser listed in col. ft) (vi) Amount paid to (or retained by) organization No FUNDRAISING SERVICES X 92,179,557. 601,452. 91,578,105. EMAIL FUNDRAISING X 2,110,580. 154,351. 1,956,229. DIRECT MAIL MARKETING X 223,817. 95,000. 128,817. 4 5 6 7 8 9 10 850,803. 93,663,151. 94,513,954. • List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing. AL,AK,AZ,AR,CA,CO,CT,DE,FL,GA, H I , I D , I L , I N , IA,KS,KY,LA,ME,MD,MA,MI,MN,MS,MO,MT,NE,NV,NH,NJ,NM,NY,NC,ND,OH, 3 OK, OR, PA, R I , SC, SD, TN, TX, VT, VA, WA, WV, WI, WY, For Paperworic Reduction Act Notice, see the instructions for Form 990 or 990-EZ. Schedule G (Form 990 or 990-EZ) 2014 JSA 4 E 1 2 8 1 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 36 BILL, HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Schedule G (Form 990 or 990-EZ) 2014 P a r t II Page 2 Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000. (b) Event #2 (a) Event #1 NEW YORK GALA (event type) venue (c) Other events 30. DC GALA (event type) (total number) (d) Total events (add col. (a) through col. (c)) 1 Gross receipts 3,115,607. 1,523,648. 10,479,304. 15,118,559. 2 Less: Contributions 3 Gross income (line 1 minus line 2) 2, 986, 607 . 1,493,248. 10,348,554. 14,828,409. 30,400. 130,750. 290,150. 22,822. 240,912. 263,734. 108,737. 8,089. 279,236. 396,062. 16,750. 8,000. 13,155. 37,905. 255,679. 65,583. 407,251. 728,513. DC 129,000. 4 Cash prizes. 5 Noncash prizes Direct Exper m 6 7 Rent/facility costs Food and beverages 8 Entertainment 9 Other direct expenses 10 Direct expense summary. Add lines 4 through 9 in column (d) • 11 Revenue Part 1 1 Direct Expenses 1, 426, 214 . • -1,136,064. Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a. (b) Pull tabs/Instant bingo/progressive bingo (a) Bingo (d) Total gaming (add col. (a) through col. (c)) (c) Other gaming 1 Gross revenue 2 Cash prizes 4 Rent/facility costs 5 Other direct expenses Yes 6 Volunteer labor 9 % No Yes % No Yes % No 7 Direct expense summary. Add lines 2 through 5 in column (d) _ _ _ _ • 8 Net gaming income summary. Subtract line 7 from line 1, column (d) • Enter the state(s) in which the organization conducts gaming activities: a Is the organization licensed to conduct gaming activities in each of these states?, b If "No," explain: 1 0 a Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year?_ b If "Yes," explain: Yes No Yes No Schedule G (Form 990 or 990-EZ) 2014 JSA 4 E 1 2 8 2 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 37 BILL, HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Schedule G (Form 990 or 990-EZ) 2014 11 12 Page 3 Does the organization conduct gaming activities with nonmembers? Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity formed to administer charitable gaming? Indicate the percentage of gaming activity conducted in: The organization's facility 13a 13b An outside facility Enter the name and address of the person who prepares the organization's gaming/special events books and records: 13 a b 14 I I Yes I Yes Q I No" No % % Name • Address • 15 a Does the organization have a contract with a third party from whom the organization receives gaming revenue? b If "Yes," enter the amount of gaming revenue received by the organization • amount of gaming revenue retained by the third party • $ c Q Yes O $ No and the . If "Yes," enter name and address of the third party: Name • Address • 16 Gaming manager information: Name • Gaming managercompensatron • $ Description of services provided • I Director/officer 17 Q Employee d l Independent contractor Mandatory distributions: a Is the organization required under state law to make charitable distributions from the gaming proceeds to retain the state gaming license? Z] Y e s Q b Enter the amount of distributions required under state law to be distributed to other exempt organizations or spent in the organization's own exempt activities during the tax year • by $ Part I, line 2b, columns (iii) and (v), and P a r t IV Supplemental Information. Provide the explanation required Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information (see instructions). SCHEDULE G, PART I - NAME AND ADDRESS OF PROFESSIONAL 1. COMMUNITY COUNSELLING No FUNDRAISER SERVICE CO, L L C : PO BOX 824885 PHILADELPHIA, PA 19182 2. M + R STRATEGIC SERVICES: 2120 L STREET, NW, SUITE 400 WASHINGTON, DC 20036 3. AMERICAN MARKETING & COMMUNICATION CORP: 14201 PENNSYLVANIA AVE HAGERSTOWN, MP 217 42 Schedule G (Form 990 or 990-EZ) 2014 JSA 4 E 1 5 0 3 2.000 4871HQ 2532 V 14-7.6F 71302 PAGE 38 Grants and Other Assistance to Organizations, Governments, and Individuals in the United States SCHEDULE 1 (Form 990) Department of the Treasury ntemal Revenue Service OMB No. 1545-0047 iii4 Complete if the organization answered " Y e s " to Form 990, Part IV, line 21 or 22. • Attach to Form 990. ^ Information about Schedule 1 (Form 990) and its instructions is at www.irs.gov/form990. Employer Identification number Name of the organization 31-1580204 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION General Information on Grants and Assistance Parti 1 2 Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used to award the grants or assistance?. I x Yes Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States. P a r t II ] ^ No Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" to Form 990, Part IV, line 2 1 , for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed. 1 (a) Name and address of organization or government (b) EIN (c) IRC section if applicable (d) Amount of cash grant (e) Amount of noncash assistance (f) Method of valuation (book, FMV, appraisal. other) (g) Description of non-cash assistance (h) Purpose of grant or assistance (1) ALLIANCE FOR A HEALTHIER GENERATION 1200 NW NAITO PARKWAY PORTLAND, OR 97209 (2) J/P HAITIAN RELIEF ORGANIZATION 27-2028308 501(C)(3) 2,000,000. N/A N/A [CHILDHOOD OBESITY 6022 WILSHIRE BLVD. STE 303, LA, CA 90049 (3) PRINCETON AREA COMMUNITY FOUNDATION, INC. 27-1703237 501(C)(3) 700,000. N/A N/A IHAITI RECONSTRUCTION 15 PRINCESS ROAD LAWRENCEVILLE, NJ 08648 (4) ARCHITECTURE FOR HUMANITY 52-1746234 50HC) (3) 342,259. N/A N/A IHAITI RECONSTRUCTION 848 FOLSOM ST SAN FRANCISCO, CA 94107 (S) THE FIRMENICH CHARITABLE FOUNDATION 30-0038297 501(C)(3) 260,950. iN/A N/A [HAITI RECONSTRUCTION PO BOX 5880 PRINCETON, NJ 08543 (6) HENDRIX COLLEGE 27-2482142 501 (C) (3) 250,000. N/A N/A ISUSTAINABLE AGRICULT 1600 WASHINGTON ST CONWAY, AR 72032 (7) TIGER WOODS FOUNDATION 71-0236697 50110 13) 200,000. N/A N/A EDUCATION RECONSTR 121 INNOVATION PR, STE 150, IRVINE, CA 92617 (8) WORLD RESOURCES INSTITUTE 20-0677815 501(C)(3) 200,000. N/A N/A EDUCATION 10 G ST. NE #800 WASHINGTON, DC 20002 (9) OPERATION BLESSING 52-1257057 501(C)(3) 97,919. N/A N/A CLIMATE RESILIENCY 54-1382657 501(C)(3) 72,750. N/A N/A .HAITI RECONSTRUCTION 13-2655731 501(C)(3) 37,500. N/A N/A EDUCATION 977 CENTERVILLE TPKE,VIRGINA BEACH,VA 23463 (10) SESAME WORKSHOP 1900 BROADWAY,4TH FL NEW YORK, NY 10023 (12L 2 Enter total number of section 501(c)(3) and government organizations listed in the line 1 table , 3 Enter total number of other organizations listed in the line 1 table , JSA O C O O 17 -1 /I _ - 7 10. Schedule I (Form 990) (2014) For Paperwork Reduction Act Notice, s e e the Instructions for Form 990. 4 E 1 2 8 8 1.000 /I 0-7 1 O,^ • • ,CT7' B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Schedule I (Form 990) (2014) I^HIill Page 2 Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 22. Part III can be duplicated if additional space is needed. (a) Type of grant or assistance (b) Number of recipients (c) Amount of cash grant (d) Amount of (e) Method of valuation (book, noncasti assistance FMV, appraisal, other) (f) Description of non-cash assistance 1 2 3 4 5 6 7 l3!HIHi Supplemental Information. Complete this part to provide the information required in Part 1, line 2, Part 111, column (b), and any other additional information. FORM 990, SCHEDULE I , PART I , LINE 2 THE ORGANIZATION REQUIRES A FINAL REPORT FROM ALL GRANT RECIPIENTS DETAILING THE USE OF GRANT FUNDS. THE RELEVANT GROUP I N I T I A T I V E WITHIN THE FOUNDATION REVIEWS THESE REPORTS FOR PROPER USE OF GRANT FUNDS AND CONTINUED FUNDING. Schedule I (Form 990) (2014) JSA 4 E 1 5 0 4 1.000 /I 0 - 7 1 ur\ o c Q o n7\ r - T ? An Compensation Information SCHEDULE J (Form 990) Department of the Treasury Internal Revenue Service Name of the organization OMB No. 1545-0047 For certain OfTicers, Directors, Trustees, Key Employees, and Higliest Compensated Employees >• Complete If the organization answered " Y e s * on Form 990, Part IV, line 23. Open to Public • Attach to Form 990. Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990. Inspection Employer Identification numt>er iii4 • 31-1580204 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION Questions Regarding Compensation Yes 1a b 2 No Check the appropriate box(es) if the organization provided any of the following to or for a person listed in Form 990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items. First-class or charter travel Housing allowance or residence for personal use Travel for companions Tax indemnification and gross-up payments Discretionary spending account Payments for business use of personal residence Health or social club dues or initiation fees Personal services (e.g., maid, chauffeur, chef) If any of the boxes on line l a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all lb directors, trustees, and officers, including the CEO/Executive Director, regarding the items checked in line 1a? i Indicate which. If any, of the following the filing organization used to establish the compensation of the organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III. Compensation committee Independent compensation consultant Form 990 of other organizations X Written employment contract Compensation survey or study Approval by the board or compensation committee During the year, did any person listed in Form 990, Part VII, Section A, line l a , with respect to the filing organization or a related organization: Receive a severance payment or change-of-control payment? Participate in, or receive payment from, a supplemental nonqualified retirement plan? Participate in, or receive payment from, an equity-based compensation arrangement? If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III. 4a 4b 4c X X Only section 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9. For persons listed in Form 990, Part VII, Section A, line l a , did the organization pay or accrue any compensation contingent on the revenues of: The organization? Any related organization? 5a 5b If "Yes" to line 5a or 5b, describe in Part III. For persons listed in Form 990, Part VII, Section A, line 1 a, did the organization pay or accrue any compensation contingent on the net earnings of: 6a 6b The organization? Any related organization? If "Yes" to line 6a or 6b, describe in Part III. For persons listed in Form 990, Part VII, Section A, line l a , did the organization provide any non-fixed payments not descnbed in lines 5 and 6? If "Yes," describe in Part III Were any amounts reported in Form 990, Part VII, paid or accrued pursuant to a contract that was subject to the initial contract exception described in Regulations section 53.4958-4(aX3)? If "Yes," describe in Part III If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? 9 Schedule J (Form 990) 2014 For Paperwork Reduction Act Notice, s e e the insbuctions for Fonn 990. JSA 4 E 1 2 9 0 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 41 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Schedule J (Form 990) 2014 i JHlli ^ Pagg £ officers. Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed. For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations described in the instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII. Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line l a , applicable column (D) and (E) amounts for that individual. ( B ) Breakdown of W-2 and/or 1099-MISC compensation ( A ) Name and Title BRUCE R LINDSEY (1) . CHAIRMAN OF B O A R D (") ERIC BRAVERMAN (1) 2 CEO UNTIL JANUARY 1 9 , 2015 ANDREW KESSEL 3 STEPHANIE S STREETT SECRETARY ROBERT S HARRISON 5 CEO, CGI g C H I E F DEVELOPMENT O F F I C E R MAURA PALLY •J EXECUTIVE DIRECTOR MARK GUNTON gCEO, CGEP CGEP AMITABH DESAI LAURA GRAHAM .(.jSENIOR ADVISOR SCOTT CURRAN .jjASSISTANT SECRETARY S GEN COUN ALEXIS BLANE .jjASSISTANT SEC S ASSOC GEN COUN ( D ) Nontaxable benefits (E) Total of columns (F) Compensation in column (B) reported a s deferred in prior Form 990 (B)(iHD) 361,407. C 498,847. C c c c c c C c c C C C c 10,737. 29,056. 221,608. 176,815. 5, 000. 8,400. C 15,000. 25,653. C 18,514. 395,460. C 532,361. C C c C C C 5,000. C 3,000. C 10,000. c (i) 140,758. C 211,382. C 235,000. c 8,550. C 1,978. C 13,558. 28,181. C 29,353. C 10,907. 182,489. C 245,713. C 269,465. (ii) C C c C C C (i) 269,293. C 267,798. C 190,915. C 190,464. C 188,150. C 148,719. C 140,991. C c C 11,722. 283,665. (Ii) (i) (") (i) 0) («> . J Q F O R E I G N POLICY DIRECTOR (C) Retirement and other defened compensation (ill) Other reportable compensation (i) (ii) SCOTT TAITEL (Ii) Bonus & incentive compensation (") (ii) DENNIS CHENG g COO, (") (1) CFO ^1 EXECUTIVE DIRECTOR, (l)Base compensation (1) (") (1) (") (1) (Ii) (1) (Ii) 2,650. ( 3,000. C 3,000. C 3,000. C ( C 3,000. ( 3,000. ( c c c c c q 0 d 276. q 0 0 286. 0 10,325. q C 15,554. C 11,463. C 11,553. C ( ( 6,819. ( 8,580. C C 27,640. C 21,284. 0 27,441. C 1, 804 . 0 26,770. 0 21,465. C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 C 313,992. C 226,662. q 232,734. C 189,954. q 185,594. 0 184,361. C (i) 14 (ii) 15 (Ii) 16 («l ID (i) Schedule J (Form 990) 2014 JSA 4 E 1 2 9 1 1.000 /I O T i tjr\ o c: o o T7 1/1 „ ' 7 CTT' T 1 on o n7\ r - f B I L L , HILLARY & CHELSEA CLINTON FOUNDATION Schedule J (Form 990) 2014 31-1580204 ^ Pape 3 K B B i n f f Supplemental Information Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information. FORM 990, SCHEDULE J , PART I , LINE lA THE BOARD RECOGNIZES THAT, DUE TO EXTRAORDINARY SECURITY AND OTHER REQUIREMENTS, WILLIAM J . CLINTON, HILLARY RODHAM CLINTON, AND CLINTON MAY CHELSEA REQUIRE THE NEED TO TRAVEL BY CHARTER OR IN FIRST CLASS, THE DETERMINATION OF WHICH WILL BE MADE ON A CASE-BY-CASE BASIS. FORM 990, SCHEDULE J , PART I , LINE 2 TRAVEL INDICATED ABOVE I S NOT IN A SEPARATE WRITTEN POLICY, BUT I S KNOWN TO THE BOARD. IN MOST CASES SUCH TRAVEL I S PAID FOR DIRECTLY BY THE FOUNDATION AND REIMBURSEMENT I S NOT FORM 990, SCHEDULE J , PART I , LINE 7 THE AMOUNTS INCLUDED IN PART I I B ( I I ) IN THE 2014 NECESSARY. REPRESENT BONUSES THAT WERE INCLUDED W-2. Schedule J (Form 990) 2014 JSA 4 E 1 5 0 5 1.000 A on 1 Tjr\ o o o T-)7\ /--Tr fl o SCHEDULE M (Form 990) OMB No. 1545-0047 Noncash Contributions ®14 ^ Complete if the organizations answered " Y e s " on Form 990, Part IV, lines 29 or 30. Department of the Treasury Internal Revenue Service ^ Attach to Form 990. Open To Public >• Information about Schedule M (Form 990) and its instructions is at www.irs.gov/fomi990. B I L L , HILLARY & CHELSEA CLINTON FOUNDATION Types of Property (a) Check if applicable 1 2 Inspection Employer identification number Name of the organization 31-1580204 (b) Number of contributions or items contributed (c) Noncash contribution amounts reported on Form 990, Part Vlll, line 1g (d) Method of determining noncash contribution amounts Art - Works of art Art - Historical treasures . . . . Art - Fractional interests . . . . 3 4 5 Books and publications . . . . Clothing and household goods 6 7 8 9 10 Cars and other vehicles . . . . Boats and planes Intellectual property Securities - Publicly traded . . Securities - Closely held stock. Securities - Partnership, LLC, 11 X 31. X 3. 2,903,924. FMV or trust interests 12 13 14 15 16 17 18 19 20 21 22 Securities - Miscellaneous. . . Qualified conservation contribution - Historic structures Qualified conservation contribution - Other Real estate • Residential . . . . Real estate •Commercial . . . Real estate • Other Collectibles Food inventory 26,036. MARKET L I S T PRICE Drugs and medical supplies . . . . Taxidermy Historical artifacts 23 24 25 26 27 28 Scientific specimens Archeological artifacts 29 Number of Forms 8283 received by the organization during the tax year for contributions for which the organization completed Form 8283, Part IV, Donee Acknowledgement Other Other Other Other K-ATCH-l •( •( •( 2. ) ) ) ) 376,976. 29 Yes 30a During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contnbution, and which is not required to be used for exempt purposes for the entire holding period? If "Yes," describe the arrangement in Part II. 31 Does the organization have a gift acceptance policy that requires the review of any non-standard contributions? 32a Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash contributions? If "Yes," describe in Part II. 33 If the organization did not report an amount in column (c) for a type of property for which column (a) is checked, describe in Part II. For Paperworic Reduction Act Notice, see the Instructions for Form 990. No 30a 31 32a Schedule M (Form 990) (2014) JSA 4 E 1 2 9 8 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 4 4 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Schedule M (Form 990) (2014) 1 ^ Page 2 Supplemental Information. Complete this part to provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information. SCHEDULE M, PART I , COLUMN(B) FOR NON-STOCK CONTRIBUTIONS NUMBER OF REPORTED, THE ORGANIZATION I S REPORTING THE CONTRIBUTIONS. JSA Schedule M (Form 990) (2014) 4 E 1 5 0 8 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 45 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Schedule M (Form 990) (2014) Part II Page 2 Supplemental Information. Complete this part to provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information. ATTACHMENT 1 SCHEDULE M, PART I - OTHER NONCASH CONTRIBUTIONS DESCRIPTION (A) CHECK (B) NUMBER OF CONTRIBUTIONS (C) REVENUES REPORTED (D) METHOD OF DETERMINING COMPUTER EQUIPMENT X 1. 148,904. FMV FURNITURE X 1. 228,072. FMV TOTALS 2. 376.976. Schedule M (Form 990) (2014) JSA 4 E 1 5 0 8 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 4 6 SCHEDULE 0 (Form 990 or 990-EZ) Supplemental Information to Form 990 or 990-EZ Complete to provide information for responses to specific questions on Form 990 or 990-EZ or to provide any additional information. • Attacli to Form 990 or 990-EZ. Department of ttie Treasury Internal Revenue Service i®i4 Open to Public Inspection Employer Identification number Name of the o r g a n i z a t i o n 31-1580204 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION FORM 990, PART I I I , O M B N o . 1545-0047 LINES 4A-4D THE CLINTON FOUNDATION WORKS WITH BUSINESSES, GOVERNMENTS, NGOS, AND INDIVIDUALS TO IMPROVE GLOBAL HEALTH AND WELLNESS, INCREASE OPPORTUNITY FOR GIRLS AND WOMEN, REDUCE CHILDHOOD OBESITY, CREATE ECONOMIC OPPORTUNITY AND GROWTH, AND HELP COMMUNITIES ADDRESS THE EFFECTS OF CLIMATE CHANGE BY IMPLEMENTING PROGRAMS, FACILITATING OPPORTUNITIES AND FORMING CREATIVE PARTNERSHIPS. TO ACCOMPLISH I T S GOALS THROUGH MEASURABLE RESULTS, THE CLINTON FOUNDATION HAS ESTABLISHED SEPARATE I N I T I A T I V E S , WITH DISTINCT APPROACHES AND MISSIONS. EACH I N I T I A T I V E REFLECTS THE CLINTON FOUNDATION'S VISION AND OVERALL GOALS. THE I N I T I A T I V E S ARE AS FOLLOWS: - THE CLINTON GLOBAL I N I T I A T I V E ' S (CGI) MISSION I S TO INSPIRE, CONNECT, AND EMPOWER EVERYONE TO FORGE SOLUTIONS TO THE WORLD'S MOST PRESSING CHALLENGES. CGI CONVENES LEADERS FROM THE PRIVATE SECTOR, PUBLIC SECTOR, AND C I V I L SOCIETY TO DRIVE ACTION THROUGH I T S UNIQUE MODEL. RATHER THAN DIRECTLY IMPLEMENTING PROJECTS, CGI HELPS I T S MEMBERS TURN IDEAS INTO ACTION THROUGH IMPACTFUL AND MEASURABLE COMMITMENTS TO ACTION WITHIN NINE TRACKS, EACH REPRESENTING A TOPICAL GLOBAL CHALLENGE OR STRATEGIC APPROACH. TO SUPPORT THE DEVELOPMENT OF COMMITMENTS YEAR-ROUND, CGI FACILITATES CONVERSATIONS, PROVIDES OPPORTUNITIES TO IDENTIFY PARTNERS, AND COMMUNICATES THE RESULTS OF THE WORK. IN 2014 ALONE, 319 COMMITMENTS TO ACTION WERE MADE BY CGI MEMBERS AND ARE EXPECTED TO HAVE A POSITIVE For Privacy Act and Paperwork Reduction Act Notice, s e e the Instructions for Form 990 or 990-EZ. Schedule O (Form 990 or 990-EZ) (2014) JSA 4 E 1 2 2 7 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 47 Schedule 0 (Form 990 or 990-EZ) 2014 F>age 2 Name of the organization Employer identification number B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 IMPACT ON THE L I V E S OF MORE THAN 4.9 MILLION PEOPLE. - THE WILLIAM J . CLINTON PRESIDENTIAL CENTER AND PARK I S A WORLD-CLASS EDUCATIONAL AND CULTURAL VENUE OFFERING A VARIETY OF SPECIAL EVENTS, EXHIBITIONS, EDUCATIONAL PROGRAMS, AND LECTURES THROUGHOUT THE YEAR. BY THE END OF 2014, THE CENTER HAD WELCOMED MORE THAN 3.3 MILLION VISITORS FROM AROUND THE WORLD SINCE OPENING IN 2004. MOST IMPORTANTLY, THE CENTER I S A REFLECTION OF THE WORK - PAST, PRESENT, AND FUTURE - OF THE 42ND PRESIDENT OF THE UNITED STATES. IN 2014, THE CHOCTAW BUILDING AT THE CENTER WAS RECOGNIZED AS THE OLDEST LEED-CERTIFIED BUILDING IN ARKANSAS, AND AMONG THE OLDEST OF ALL LEED-CERTIFIED BUILDINGS IN THE US, WELCOMED THE ARTWORK OF RENOWNED AMERICAN ARTIST DALE CHIHULY, AND CELEBRATED I T S 10-YEAR ANNIVERSARY. - THE CLINTON CLIMATE I N I T I A T I V E (CCI) COLLABORATES WITH GOVERNMENTS AND PARTNERS TO INCREASE THE RESILIENCY OF COMMUNITIES FACING CLIMATE CHANGE BY CREATING AND IMPLEMENTING REPLICABLE AND SUSTAINABLE MODELS THAT FOSTER CROSS-SECTOR COLLABORATIONS. CCI'S APPROACH ADDRESSES MAJOR SOURCES OF GREENHOUSE GAS EMISSIONS AND THE PEOPLE, P O L I C I E S , AND PRACTICES THAT IMPACT THEM, WHILE ALSO SAVING MONEY FOR INDIVIDUALS AND GOVERNMENTS AND GROWING ECONOMIES. IN 2014, THROUGH I T S BUILDING RETROFIT AND ENERGY E F F I C I E N C Y PROGRAMS, C C I HELPED REDUCE GREENHOUSE GAS EMISSIONS IN THE US BY 33,500 TONS. BY THE END OF 2014, THE HOME ENERGY AND AFFORDABILITY LOAN (HEAL) PROGRAM HAD COMPLETED MORE THAN 650 RETROFITS SAVING APPROXIMATELY $625,000. JSA S c h e d u l e O (Form 990 or 990-EZ) 2014 4 E 1 2 2 8 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 48 Schedule O (Fomn 990 or 990-EZ) 2014 Page 2 Name of the organization Employer Identification numt>er B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 - THE ALLIANCE FOR A HEALTHIER GENERATION (ALLIANCE), AN A F F I L I A T E D ENTITY, FOUNDED BY THE CLINTON FOUNDATION AND THE AMERICAN HEART ASSOCIATION, WORKS WITH SCHOOLS, COMPANIES, COMMUNITY ORGANIZATIONS, HEALTH CARE PROFESSIONALS, AND FAMILIES TO BUILD HEALTHIER ENVIRONMENTS FOR MILLIONS OF CHILDREN. IN 2014, THE ALLIANCE ENROLLED MORE THAN 6,000 SCHOOLS IN I T S HEALTHY SCHOOLS PROGRAM, HELPING REACH 3.4 MILLION STUDENTS. BY THE END OF 2014, THE ALLIANCE'S HEALTHY SCHOOLS PROGRAM WAS SUPPORTING MORE THAN 16 MILLION STUDENTS BY IMPROVING PHYSICAL EDUCATION, HEALTH EDUCATION, CHILD NUTRITION, AND STAFF WELLNESS P O L I C I E S AND PROGRAMS IN MORE THAN 27,000 SCHOOLS. - THE CLINTON DEVELOPMENT I N I T I A T I V E (CDI) DEVELOPS AND OPERATES AGRIBUSINESS PROJECTS THAT EMPOWER SMALLHOLDER FARMERS TO INCREASE THEIR ECONOMIC POTENTIAL. IN MALAWI, TANZANIA, AND RWANDA, CDI INTEGRATES COMMERCIAL FARMS WITH OUTREACH TO SMALLHOLDER FARMERS TO INCREASE ACCESS AND ALLOW THEM TO PARTICIPATE EQUITABLY IN LOCAL MARKETS. GDI'S MODEL PUTS FARMERS FIRST BY PROVIDING THEM TRAINING, AS WELL AS INCREASING THEIR ACCESS TO INPUTS, TO IMPROVE THEIR CROP YIELDS AND INCREASE THEIR INCOMES. IN 2014, GDI'S ANCHOR FARM PROJECT IN TANZANIA AND MALAWI WORKED WITH MORE THAN 36,000 SMALLHOLDER FARMERS, PROVIDING CLIMATE-SMART AGRONOMIC TRAINING AND ACCESS TO MARKETS AND SERVICES FOR MAIZE, SOYA, AND SUNFLOWER PRODUCTION. - THE CLINTON FOUNDATION HAS BEEN ACTIVELY ENGAGED IN HAITI SINCE 2009, S c h e d u l e O (Form 990 or ggO-EZ) 2014 JSA 4 E 1 2 2 8 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 49 Schedule 0 (Form 990 or 990-EZ) 2014 Page 2 Name of the organization Employer identification numtrar B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 FOCUSING ON ECONOMIC DIVERSIFICATION, PRIVATE SECTOR INVESTMENT, AND JOB CREATION IN ORDER TO CREATE LONG-TERM, SUSTAINABLE ECONOMIC DEVELOPMENT. SINCE 2010, THE CLINTON FOUNDATION HAS RAISED A TOTAL OF MORE THAN $30 MILLION FOR HAITI, INCLUDING R E L I E F FUNDS AS WELL AS FUNDS FOCUSED ON SUSTAINABLE DEVELOPMENT, EDUCATION, AND CAPACITY BUILDING PROGRAMS. THE CLINTON FOUNDATION CONTINUES TO CONCENTRATE ON CREATING SUSTAINABLE ECONOMIC GROWTH IN SECTORS INCLUDING ENERGY, TOURISM, AGRICULTURE, ENVIRONMENT, AND ARTISANS. IN 2014, THE CLINTON FOUNDATION FACILITATED V I S I T S OF MORE THAN 30 INTERNATIONAL INVESTORS, WHILE SUPPORTING THE GROWTH OF 10 ENTREPRENEURIAL BUSINESSES ACROSS H A I T I . - THE CLINTON GIUSTRA ENTERPRISE PARTNERSHIP (CGEP) I S PIONEERING AN INNOVATIVE APPROACH TO POVERTY ALLEVIATION. CGEP CREATES NEW ENTERPRISES TO GENERATE BOTH SOCIAL IMPACT AND FINANCIAL RETURNS BY ADDRESSING EXISTING MARKET GAPS I N DEVELOPING COUNTRIES' SUPPLY OR DISTRIBUTION CHAINS. CGEP PROVIDES UNDERSERVED COMMUNITIES ACCESS TO MARKETS, JOBS, AND TRAINING BY INCORPORATING INDIVIDUALS INTO ONE OF THREE MODELS - DISTRIBUTION ENTERPRISES, SUPPLY CHAIN ENTERPRISES, AND TRAINING CENTER ENTERPRISES. IN 2014, CGEP CREATED A PEANUT SUPPLY CHAIN ENTERPRISE I N HAITI AND A DISTRIBUTION ENTERPRISE IN PERU, FOR A TOTAL PORTFOLIO OF S I X SOCIAL ENTERPRISES. CGEP ALSO BEGAN WORKING WITH MORE THAN 500 FARMERS ACROSS LATIN AMERICA, REGISTERED MORE THAN 1,500 STUDENTS I N I T S TRAINING CENTER ENTERPRISE IN COLOMBIA, AND RECRUITED AND TRAINED MORE THAN 200 FEMALE ENTREPRENEURS I N PERU AND HAITI. JSA S c h e d u l e O (Form 990 or 990-EZ) 2014 4 E 1 2 2 B 1,000 4871HQ 2532 V 14-7.6F 71302 PAGE 50 Page 2 Schedule 0 (Form 990 or 990-EZ) 2014 Employer Identification numtxir Name of the organization 31-1580204 B I L L , HILLARY S CHELSEA CLINTON FOUNDATION - THE CLINTON HEALTH MATTERS I N I T I A T I V E (CHMI) WORKS TO IMPROVE THE HEALTH AND WELL-BEING OF PEOPLE ACROSS THE US BY ACTIVATING INDIVIDUALS, COMMUNITIES, AND ORGANIZATIONS TO MAKE MEANINGFUL CONTRIBUTIONS TO THE HEALTH OF OTHERS. BY IMPLEMENTING EVIDENCE-BASED SYSTEMS, AND INVESTMENT STRATEGIES, CHMI AIMS TO ULTIMATELY REDUCE THE PREVALENCE OF PREVENTABLE DISEASES, CLOSE HEALTH INEQUITY AND DISPARITY GAPS, AND REDUCE HEALTH CARE COSTS ASSOCIATED WITH PREVENTABLE DISEASES. IN 2014, CHMI GENERATED MORE THAN 45 FORMALIZED STRATEGIC PARTNERSHIPS WITH NATIONAL AND LOCAL E N T I T I E S , WHICH COLLECTIVELY REFLECTED INVESTMENTS AND PROJECTS THAT WILL REACH MORE THAN 50 MILLION PEOPLE ACROSS THE US. - NO CEILINGS: THE FULL PARTICIPATION PROJECT I S AN I N I T I A T I V E TO ADVANCE THE FULL PARTICIPATION OF GIRLS AND WOMEN AROUND THE WORLD. NO CEILINGS BRINGS TOGETHER GLOBAL PARTNERS TO BUILD AN EVIDENCE-BASED CASE FOR FULL PARTICIPATION AND ACCELERATE PROGRESS FOR GIRLS AND WOMEN. I N 2014, NO CEILINGS, IN COLLABORATION WITH THE CENTER ON UNIVERSAL EDUCATION AT THE BROOKINGS INSTITUTION, ANNOUNCED A $600 MILLION PARTNERSHIP BRINGING TOGETHER 30 CROSS-SECTOR PARTNERS TO HELP 14 MILLION GIRLS RECEIVE A SAFE AND QUALITY SECONDARY EDUCATION OVER THE NEXT F I V E YEARS. - TOO SMALL TO F A I L AIMS TO HELP PARENTS AND COMMUNITIES TAKE MEANINGFUL ACTIONS TO IMPROVE THE HEALTH AND WELL-BEING OF CHILDREN AGES ZERO TO F I V E , PREPARING THEM FOR SUCCESS I N THE 21ST CENTURY. WORKING WITH PARTNERS ACROSS THE COUNTRY, TOO SMALL TO F A I L , A COLLABORATION BETWEEN THE CLINTON FOUNDATION AND NEXT GENERATION, I S BUILDING A PUBLIC ACTION S c h e d u l e O (Form 990 or 990-EZ) 2014 4 E 1 2 2 8 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 51 Page 2 Schedule 0 (Form 990 or 990-EZ) 2014 Employer Identification number Name of the organization BILL, HILLARY & CHELSEA CLINTON CAMPAIGN FOCUSED CHILDREN START PARTNERED W I T H AMERICA, AUSTRALIA - COLOMBIA - EL HAITI - INDIA - KENYA - MALAWI - PERU - RWANDA - TANZANIA - UKRAINE - VIETNAM THE THIS WORD GAP TO L E A R N . THE L E A D I N G LINE REACH H E L P ENSURE THAT A L L I N 2 0 1 4 , TOO MEDIA "PEQUESOS Y V A L I O S O S " C A M P A I G N TO TO HISPANIC S M A L L TO COMPANY S E R V I N G ("YOUNG A N D FAIL HISPANIC VALUABLE"), A FAMILIES. 4B - FOREIGN COUNTRIES SALVADOR - FORM UNIVISION, 9 9 0 , P A R T V, - CLOSING SCHOOL R E A D Y TO L A U N C H MULTIPLATFORM FORM ON 31-1580204 FOUNDATION 9 9 0 , PART V I , FOUNDATION'S DIRECTORS. MEETINGS. KEPT AND LIMITED S E C T I O N A, B U S I N E S S AND LINE lA A F F A I R S ARE MANAGED B Y T H E BOARD'S E X E C U T I V E C O M M I T T E E MAY REGULAR REPORTED POWER TO M I N U T E S OF TO THE E X E C U T I V I E T H E BOARD. ACT I T S BOARD FOR T H E BOARD COMMITTEE'S THE E X E C U T I V E COMMITTEE R E V I E W AND APPROVE DECISIONS OF R E L A T E D TO BETWEEN PROCEEDINGS RESERVES THE USE ARE THE OF THE Schedule O (Form 990 or 990-EZ) 2014 JSA 4 E 1 2 2 8 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 52 Page 2 Schedule 0 (Form 990 or 990-EZ) 2014 Employer Identification number Name of the organization 31-1580204 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION CLINTON NAME AND THE RENAMING OF THE FOUNDATION. THE FOUNDATION'S BYLAWS ESTABLISH TWO CLASSES OF DIRECTORS. CLASS A CONSISTS OF THE EXECUTIVE COMMITTEE. ALL OTHER DIRECTORS ARE CLASS B DIRECTORS. ACTIONS BY THE BOARD REQUIRE THE SUPPORT OF A MAJORITY OF DIRECTORS E L I G I B L E TO VOTE, INCLUDING A MAJORITY OF CLASS A DIRECTORS. FORM 990, PART V I , SECTION A, LINE 2 WILLIAM JEFFERSON CLINTON, HILLARY RODHAM CLINTON, AND CHELSEA V. CLINTON HAVE A FAMILY RELATIONSHIP. FORM 990, PART V I , SECTION B, LINE 11 A COPY OF FORM 990 I S CIRCULATED TO THE BOARD, AMONG THE VARIOUS OFFICERS AND AMONG THE VARIOUS I N I T I A T I V E HEADS FOR REVIEW PRIOR TO F I L I N G . FORM 990, PART V I , SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING DIRECTORS, OFFICERS, AND KEY EMPLOYEES TO DISCLOSE ANY POTENTIAL CONFLICTS ANNUALLY. THE ANNUAL DISCLOSURES ARE REVIEWED BY COUNSEL AND I F ANY POTENTIAL CONFLICT E X I S T S , I T WOULD BE EXAMINED AND APPROPRIATE ACTION WOULD BE TAKEN. FORM 990, PART V I , SECTION B, LINE 15 THE ORGANIZATION PARTICIPATES IN AN ANNUAL COMPENSATION STUDY THAT REVIEWS THREE SURVEYS TO DETERMINE THE REASONABLENESS OF ALL STAFF COMPENSATION INCLUDING TOP MANAGEMENT. THE ORGANIZATION ALSO U T I L I Z E S AN INDEPENDENT COMPENSATION CONSULTANT. jS^ S c h e d u l e O (Form 990 or 990-EZ) 2014 4 E 1 2 2 8 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 53 Page 2 Schedule O (Form 990 or 990-EZ) 2014 Employer identification number Name of the organization 31-1580204 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION FORM 990, PART V I , SECTION B, LINE 16B THE CLINTON FOUNDATION I S ENGAGED IN TWO PARTNERSHIPS WITH THE INTENT OF HELPING L I F T PEOPLE OUT OF POVERTY BY ORGANIZING THEM INTO SOCIAL ENTERPRISES. ANY ACTION OF THESE PARTNERSHIPS REQUIRES CONCURRENCE OF THE FOUNDATION, TO ENSURE THAT A C T I V I T I E S ALIGN WITH THE FOUNDATION'S CHARITABLE PURPOSES AND WITH THE SOCIAL MISSION. FORM 990, PART V I , SECTION C, LINE 19 THE ORGANIZATION MAKES I T S AUDITED FINANCIAL STATEMENTS AND ANNUAL REPORT AVAILABLE ON I T S WEBSITE. ALL OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART V I I I , LINE 11(B) CDI FARMING I S A PROGRAM RELATED ACTIVITY. THE REVENUE FROM THIS ACTIVITY I S $426,585 AND THE EXPENSES FROM THIS ACTIVITY ARE $1,450,614. FORM 990, PART X I , LINE 9 OTHER CHANGES IN NET ASSETS: PROVISION FOR PRIOR YEAR UNCOLLECTIBLE PLEDGES ($1,323,332) REFUND OF PRIOR YEAR CONTRIBUTION ($ REVENUE TOTAL 31,059) ($1,354,391) S c h e d u l e O (Forni 990 or 990-EZ) 2014 J oA 4 E 1 2 2 8 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 54 Schedule 0 (Form 990 or 990-EZ) 2014 F>age 2 Name of the organization Employer identification numt>er B I L L , HILLARY & CHELSEA CLINTON FOUNDATION FORM 990, PART I I I . 31-1580204 ATTACHMENT 1 LINE 1 - ORGANIZATION'S MISSION THE CLINTON FOUNDATION CONVENES BUSINESSES, GOVERNMENTS, NGOS AND INDIVIDUALS TO IMPROVE GLOBAL HEALTH AND WELLNESS, INCREASE OPPORTUNITY FOR WOMEN AND GIRLS, REDUCE CHILDHOOD OBESITY, CREATE ECONOMIC OPPORTUNITY AND GROWTH, AND HELP COMMUNITIES ADDRESS THE EFFECTS OF CLIMATE CHANGE. ATTACHMENT 2_ FORM 990. PART V I , LINE 17 - STATES AL,AK,AR,CA,CT, FL,GA,HI,IL,KS,KY,MD,MA,MI, MN,MS,NH,NJ,NM,NY,NC,ND,OK,OR,PA, RI,SC,TN,VA,WV,WI, ATTACHMENT 3 990, PART V I I - COMPENSATION OF THE F I V E HIGHEST PAID IND. CONTRACTORS NAME AND ADDRESS DESCRIPTION OF SERVICES COMPENSATION BLACKBAUD, INC PO BOX 930256 ATLANTA, GA 31193 SOFTWARE IMPLEMNTATN F I V E CURRENTS L L C 1200 AVIATION BLVD REDONDO BEACH, CA 90254 CONF. PRODUCTION 797,108. COMMUNITY COUNSELLING SERVICE CO PO BOX 824885 PHILADELPHIA, PA 19182 ENDOWMENT PLAN DEV. 601,452. BEN FRY L L C DBA FATHOM 214 CAMBRIDGE STREET BOSTON, MA 02114 DATA ANALYSIS 265,000. PHASE2 TECHNOLOGY, L L C 1330 BRADDOCK PLACE WEB S I T E DEVELOPMENT 262,130. JSA 1,156,347. S c h e d u l e O (Form 990 or 990-EZ) 2014 4 E 1 2 2 8 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 55 F>age 2 Schedule 0 (Form 990 or 990-EZ) 2014 Employer identification number Name of the organization 31-1580204 ATTACHMENT 3 (CONT'D) B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 990, PART V I I - COMPENSATION OF THE F I V E HIGHEST PAID IND. CONTRACTORS NAME AND ADDRESS DESCRIPTION OF SERVICES COMPENSATION ALEXANDRIA, VA 22314 S c h e d u l e O (Form 990 or 990-EZ) 2014 4 E 1 2 2 8 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 56 B I L L , HILLARY & CHELSEA CLINTON FOUNDATION SCHEDULE R (Form 990) 31-1580204 Related Organizations and Unrelated Partnerships • i®i4 Complete If the organization a n s w e r e d " Y e s " on Form 990, Part IV, line 33, 34, 35b, 36, or 37. • Department of the Treasury Internal Revenue Service OMB No. 1545-0047 • Attach to Form 990. Information about S c h e d u l e R (Form 990) and its instructions is at Open to P u b l i c Inspection www.irs.gov/form990. Name of the organization Employer Identification number B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33. (a) Name, address, and EIN (if applicable) of disregarded entity (b) Primary activity (1) WILLIAM J . CLINTON FDN (KENYA)CHAR TRUST ARGWINGS KOHEK ROAD NAIROBI, KE (2) CLINTON FOUNDATION HONG KONG 16/F TAK SHING HOUSE THEATER L HONG KONG, HK (c) Legal domicile (state or foreign country) CF PROGRAMS KE CF PROGRAMS HK (d) Total income . o c : -3 o \T 1/1 ^ n CTP B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 S c h e d u l e R (Fonn 990) 2014 PartV Page 3 Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36. Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule. Yes No 1 During the tax year, did the organization engage in any of the following transactions with one or more related organizations listed in Parts ll-IV? a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity b Gift, grant, or capital contribution to related organization(s) . c Gift, grant, or capital contribution from related organization(s) 1a lb 1c Id 1e d Loans or loan guarantees to or for related organization(s) . e Loans or loan guarantees by related organization(s) f g h i j Dividends from related organization(s). Sale of assets to related organization(s) Purchase of assets from related organization(s) Exchange of assets with related organization(s) Lease of facilities, equipment, or other assets to related organization(s) la •a 1h li k 1 m n 0 Lease of facilities, equipment, or other assets from related organization(s) . Performance of services or membership or fundraising solicitations for related organization(s) Performance of services or membership or fundraising solicitations by related organization(s) Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . Sharing of paid employees with related organization(s) Ik 11 1m In 1o If p Reimbursement paid to related organization(s) for expenses q Reimbursement paid by related organization(s) for expenses r s 2 1p 1q Other transfer of cash or property to related organization(s) 1r Other transfer of cash or property from related organization{s) Is If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds. (a) Name of related organization (1) ACCESO WORLDWIDE FUND INC (2) CIUDAD VERDE AMARILO TRIADA FRAILEJON III (b) (c) (d) Transaction type (a-s) Amount involved Method of determining amount involved B 1,200,000. FMV S 91,070. FMV (3) (4) (5) (6) Schedule R (Form 990) 2014 JSA 4 E 1 3 0 9 1.000 TT 1/1 _-7 Ctt -71 o n o r>7\ /—T7 BILL, HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Schedule R (Form 990) 2014 Page P a r t VI 4 Unrelated Organizations Taxable a s a Partnership C o m p l e t e if the organization answered "Yes" on Form 990, Part IV, line 37. Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships. (•) (b) (c) (d) (•) (9) Primary activity L e g a l domicile (state or foreign Predominant income (related, unrelated, excluded from tax under (0 Name, address, and EIN of entity Are all partners section 501(c)(3) organizations? S h a r e of S h a r e of end-of-year assets country) sections 512-514) Yes No total income Disproportionate allocations? Yes No 0) U) CodeV-UBI amount in box 20 of Schedule K-1 (Form 1065) General or managing partner? Yes (K) Percentage ownership No IlL J2L i3L i4L J5L i6L iZL (10) (11) 113L (14L 115L (16L S c h e d u l e R (Form 990) 2014 JSA 4 E 1 3 1 0 1.000 A oil ur\ ocoo -7 1 o no B I L L , HILLARY & CHELSEA CLINTON FOUNDATION 31-1580204 Schedule R (Form 990) 2014 P a r t VII Page 5 Supplemental Information Complete this part to provide additional information for responses to questions on Schedule R (see instructions). S c h e d u l e R (Form 990) 2014 4 E 1 5 1 0 1.000 4871HQ 2532 V 14-7.6F 71302 PAGE 63 Bill, Hillary & Chelsea Clinton Foundation Consolidated Financial Statements December 31,2014 and 2013 Bill, Hillary & Chelsea Clinton Foundation Index December 31, 2014 and 2013 Page(s) Independent Auditor's Report 1 Consolidated Financial Statements Statements of Financial Position 2 Statements of Activities 3 Statements of Cash Flows 4 Notes to Financial Statements 5-22 Independent Auditor's Report To the Board of Directors of the Bfll, Hillary, and Chelsea Clinton Foundation: We have audited the accompanying consolidated financial statements of the Bill, Hillary & Chelsea Clinton Foundation (the "Foundation"), which comprise the consolidated statements offinancialposition as of December 31, 2014, and December 31, 2013, and the related consolidated statements of activities and of cashflowsfor the years then ended. Management's Responsibility for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on the consolidatedfinancialstatements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidatedfinancialstatements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated fhiancial statements. The procedures selected depend on our judgment, including the assessment of therisksof material misstatement of the consolidated financial statements, whether due to fraud or error. In making thoseriskassessments, we consider internal control relevant to the Foundation's preparation and fair presentation of the consolidatedfinancialstatements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Foundation's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the consolidatedfinancialstatements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the consolidatedfinancialstatements referred to above present fairly, in all material respects, the financial position of the Bill, Hillary & Chelsea Qinton Foimdation at December 31,2014, and December 31, 2013, and the changes in its net assets and its cashflowsfor the years then ended in accordance with accounting principles generally accepted in the United States of America. November 16,2015 PricewaterhouseCoopers LLP, 900 South Shackleford Road, Suite 600, Little Rock, Arkansas 72211 T: 214-999-1400, ¥-.214-754-7991, www.pwc.com Bill, Hillary & Chelsea Clinton Foundation Consolidated Statements of Financial Position December 31, 2014 and 2013 Assets Cash and cash equivalents Assets limited as to use Accounts receivable Grants receivable Inventory and prepaid expenses Contributions receivable, net Investments Programmatic and other investments Property and equipment net of accumulated depreciation Total assets Liabilities and Net Assets Liabilities Accounts payable and accrued expenses Deferred revenue Long-term debt Total liabilities Net assets Unrestricted Unrestricted, invested In fixed assets Total unrestricted 2014 2013 $ 43,152,198 82,969,105 3,053,579 9,880,966 3,595,928 112,036,985 75,661,523 1,203,347 107,951,664 $ 66,012,516 86,645,545 2,192,744 4,566,828 2,397,481 61,164,276 16,194,745 2,174,513 110,206,478 $439,505,295 $351,555,126 $ 13,668,039 53,878,588 67,546,627 $ 14,298,984 53,663,185 74,985 68,037,154 51,301,683 107,721,020 159,022,703 54,555,630 110,206,478 164,762,108 62,242,560 150,693,405 59,742,016 59,013,848 371,958,668 283,517,972 $439,505,295 $351,555,126 - Temporarily restricted Permanently restricted Total net assets The accompanying notes are an integral part of these consolidated financial statements. 2 Bill, Hillary & Chelsea Clinton Foundation Consolidated Statements of Activities Years Ended December 31, 2014 and 2013 Unrestricted Revenues, gains and otlier support Contributions Grants Investment return Presidential center OBier Net assets released from restrictions Total revenue, gains and other Expenses and losses Program services Management and general Fund raising Provision for uncollectible pledges Total expenses and losses Change in net assets Net assets Beginning of year End of year Temporarily Restricted 2014 Permanently Restricted $ 24,313,685 113,957,283 13,175 3,579,397 2,415,750 98,203,003 $101,339,712 $ 92,179,557 - (98,203,003) - 242,482,293 3,323,876 92,179,557 187,167 - 217,707,941 21,388,327 9,125,430 Total Unrestricted $217,832,954 113,957,283 200,342 3,579,397 2,415,750 $ 48,758,632 92,923,660 30,688 2,814,980 2122,182 84,240,875 230,891,017 337,985,726 Temporarily Restricted 2013 Permanently Restricted Total $ 88,586,623 $ 58,763,848 51,973 (84,240,875) - 5,086,293 58,763,848 294,741,158 - 688,572 - 196,633,380 15,633,562 10,129,160 $196,109,103 92,923,660 719,260 2,814,980 2,174,155 - 217,707,941 21,388,327 9,125,430 1,323,332 249,545,030 222,396,102 225,000 225,000 - 88,440,696 8,494,915 4,861,293 58,763,848 196,633,380 15,633,562 10,129,160 225,000 222,621,102 72,120,056 - 248,221,698 (5,739,405) 823,332 823,332 2,500,544 500,000 500,000 91,679,557 164,762,108 59,742,016 59,013,848 283,517,972 156,267,193 54,880,723 250,000 211,397,916 $159,022,703 $ 62,242,560 $150,693,405 $371,958,668 $164,762,108 $ 59,742,016 $ 59,013,848 $283,517,972 - The accompanying notes are an integral part of these consolidated financial statements. Bill, Hillary & Chelsea Clinton Foundation Consolidated Statements of Cash Flows Years Ended December 31, 2014 and 2013 2014 2013 $ 88,440,696 $ 72,120,056 5,689,549 (7,653) 1,323,332 1,050,608 (40,998,464) 4,963,682 (34,260) 225,000 293,351 (14,316,723) 3,676,440 (860,835) (5,314,138) (52,196,041) (1,198,446) (630,946) 215,403 (68,538,568) (1,171,287) (3,138,777) (48,963,817) 148,279 6,622,802 16,799,953 (810,495) (34,990,309) (3,447,271) 20,189 (61,199,451) 1,653,231 (5,161,098) 45,650 (15,543,188) 390,867 (62,973,302) (20,267,769) (74,985) 40,998,464 14,316,723 Net cash provided by financing activities 40,923,479 14,316,723 Decrease in cash and cash equivalents (22,860,318) (40,941,355) 66,012,516 106,953,871 $ 43,152,198 $ 66,012,516 Operating activities Change in net assets Items not requiring (providing) operating activities cash flows Depreciation Gain on sales of property and equipment Provision for bad debts Net unrealized programmatic and other investment loss Contributions to endowment Changes in Assets limited as to use Accounts receivable Grants receivable Contributions receivable Inventory and prepaid expenses Accounte payable and accrued expenses Deferred grant revenue Net cash provided by (used in) operating activities Investing activities Purchase of property and equipment Proceeds from sales of property and equipment Purchases of securities and investments Sales of securities and investments Net cash used in investing activities Financing acth/ities Payment of long-term debt Contributions to endowment C a s h and cash equh/alents Beginning of year End of year - The accompanying notes are an integral part of these consolidated financial statements. 4 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 1. Nature of Operations and Summary of Significant Accounting Policies Nature of Operations The Clinton Foundation works with businesses, governments, nongovernmental organizations, and individuals to Improve global health and wellness, increase opportunity for girls and women, reduce childhood obesity, create economic opportunity and growth, and help communities address the effects of climate change by implementing programs, facilitating opportunities and forming creative partnerships. To accomplish its goals through measurable results, the Clinton Foundation has established separate initiatives, with distinct approaches and missions. Each initiative reflects the Clinton Foundation's vision and overall goals. The initiatives are as follows: • The Alliance for a Healthier Generation (Alliance), an affiliated entity founded by the Clinton Foundation and the American Heart Association, works with schools, companies, community organizations, health care professionals, and families to build healthier environments for millions of children. In 2014, the Alliance enrolled more than 6,000 schools in its Healthy Schools Program, helping reach 3.4 million students. By the end of 2014, the Alliance's Healthy Schools Program was supporting more than 16 million students by improving physical education, health education, child nutrition, and staff wellness policies and programs in more than 27,000 schools. • The Clinton Climate Initiative (CCI) collaborates with governments and partners to increase the resiliency of communities facing climate change by creating and implementing replicable and sustainable models that foster cross-sector collaborations. CCI's approach addresses major sources of greenhouse gas emissions and the people, policies, and practices that impact them, while also saving money for individuals and governments and growing economies. In 2014, through its building retrofit and energy efficiency programs, CCI helped reduce greenhouse gas emissions in the US by 33,500 tons. By the end of 2014, the Home Energy and Affordability Loan (HEAL) program had completed more than 650 retrofits saving approximately $625,000. • The Clinton Development Initiative (CDI) develops and operates agribusiness projects that empower smallholder farmers to increase their economic potential. In Malawi, Tanzania, and Rwanda, CDI integrates commercial farms with outreach to smallholder farmers to Increase access and allow them to participate equitably in local markets. CDI's model puts farmers first by providing them training, as well as increasing their access to inputs, to improve their crop yields and increase their incomes. In 2014, CDI's Anchor Farm Project in Tanzania and Malawi worked with more than 36,000 smallholder farmers, providing climate-smart agronomic training and access to markets and services for maize, soya, and sunflower production. • The Clinton Foundation has been actively engaged in Haiti since 2009, focusing on economic diversification, private sector investment, and job creation in order to create long-term, sustainable economic development. Since 2010, the Clinton Foundation has raised a total of more than $30 million for Haiti, including relief funds as well as funds focused on sustainable development, education, and capacity building programs. The Clinton Foundation continues to concentrate on creating sustainable economic growth in sectors including energy, tourism, 5 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 agriculture, environment, and artisans. In 2014, the Clinton Foundation facilitated visits of more than 30 international investors, while supporting the growth of 10 entrepreneurial businesses across Haiti. • The Clinton Giustra Enterprise Partnership (CGEP) is pioneering an innovative approach to poverty alleviation. CGEP creates new enterprises to generate both social impact and financial returns by addressing existing market gaps in developing countries' supply or distribution chains. CGEP provides underserved communities access to markets, jobs, and training by incorporating individuals into one of three models - Distribution Enterprises, Supply Chain Enterprises, and Training Center Enterprises. In 2014, CGEP created a peanut supply chain enterprise in Haiti and a distribution enterprise in Peru, for a total portfolio of six social enterprises. CGEP also began working with more than 500 farmers across Latin America, registered more than 1,500 students in its training center enterprise in Colombia, and recruited and trained more than 200 female entrepreneurs in Peru and Haiti. CGEP successful pilot programs are incorporated to form for profit legal enterprise entities in which the Clinton Foundation typically holds a significant ownership position. Included in the consolidated financial statements are the following entities carrying out the work of CGEP: Acceso Fund, LLC; Acceso Worldwide Fund, Inc.; Haiti Development Fund, LLC and Acceso Peanut Enterprise Corporation, S.A. • The Clinton Global Initiative's (CGI) mission is to inspire, connect, and empower everyone to forge solutions to the world's most pressing challenges. CGI convenes leaders from the private sector, public sector, and civil society to drive action through its unique model. Rather than directly implementing projects, CGI helps its members turn ideas into action through impactful and measurable Commitments to Action within nine tracks, each representing a topical global challenge or strategic approach. To support the development of commitments year-round, CGI facilitates conversations, provides opportunities to identify partners, and communicates the results of the work. In 2014 alone, 319 Commitments to Action were made by CGI members and are expected to have a positive impact on the lives of more than 4.9 million people. Clinton Global Initiative operated as a separate entity from 2009 through 2012. In 2013 CGI was merged with Clinton Foundation and now operates as a program within the Clinton Foundation. • The Clinton Health Access Initiative (CHAl) works to address the HlV/AlDS crisis in the developing world and strengthen health systems there. Taking its lead from governments and working with partners, the Clinton Health Access Initiative has improved markets for medicines and diagnostics, lowered the costs of treatment, and expanded access to life-saving technologies, creating a sustainable model that can be owned and maintained by governments. The Clinton Health Access Initiative has expanded their initial model to increase access to high-quality treatment for malaria, accelerate the rollout of new vaccines, and lower infant mortality. In January 2010, CHAl became a separate nonprofit organization and continues to operate as a separate legal entity. • The Clinton Health Matters Initiative (CHMI) works to improve the health and well-being of people across the U.S. by activating individuals, communities, and organizations to make meaningful contributions to the health of others. By implementing evidence-based systems, and investment strategies, CHMI aims to ultimately reduce the prevalence of preventable 6 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 diseases, close health inequity and disparity gaps, and reduce health care costs associated with preventable diseases. In 2014, CHMI generated more than 45 formalized strategic partnerships with national and local entities, which collectively reflected investments and projects that will reach more than 50 million people across the U.S. • The William J . Clinton Presidential Center and Park is a world-class educational and cultural venue offering a variety of special events, exhibitions, educational programs, and lectures throughout the year. By the end of 2014, the Center had welcomed more than 3.3 million visitors from around the world since opening in 2004. Most importantly, the Center is a reflection of the work - past, present, and future - of the 42nd President of the United States. In 2014, the Choctaw Building at the Center was recognized as the oldest LEED-certified building in Arkansas, and among the oldest of all LEED-certified buildings in the US. In addition during 2014 the Center also welcomed the artwork of renowned American artist Dale Chihuly, and celebrated its 10-year anniversary. • Too Small to Fail aims to help parents and communities take meaningful actions to improve the health and well-being of children ages zero to five, preparing them for success in the 21st century. Working with partners across the country. Too Small to Fail, a collaboration between the Clinton Foundation and Next Generation, is building a public action campaign focused on closing this word gap to help ensure that all children start school ready to learn. In 2014, Too Small to Fail partnered with Univision, the leading media company serving Hispanic America, to launch "Pequeftos y Valiosos" ("Young and Valuable"), a multiplatform campaign to reach Hispanic families. • No Ceilings: The Full Participation Project is an initiative to advance the full participation of girls and women around the world. No Ceilings brings together global partners to build an evidence-based case for full participation and accelerated progress for girls and women. In 2014, No Ceilings, in collaboration with the Center on Universal Education at the Brookings Institution, announced a $600 million partnership bringing together 30 cross-sector partners to help 14 million girls receive a safe and quality secondary education over the next five years. • William J. Clinton Insamlingsstiftelse (Clinton Foundation Sweden) works on implementing long-term solutions focused on climate change, improving health systems in the developing world, strengthening economic development around the world and fighting childhood obesity. Clinton Foundation Sweden aims to develop or implement, independently or together with others and with joint resources, long-term solutions both locally and in all parts of the world. Clinton Foundation Sweden is a separate legal non-profit Swedish entity. Principles of Consolidation The accompanying consolidated financial statements of the Foundation incorporate the accounts of the Clinton Foundation, including the accounts of all program operating offices of the Foundation. Additionally, the consolidated financial statements include the net assets and activities of the entities over which the Foundation maintains an economic interest in or financial control over including; the William J. Clinton Insamlingsstiftelse, Acceso Worldwide Fund, Acceso Peanut Enterprise Corporation, S.A. and CHAl. 7 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 Use of Estimates The preparation of financial statements in confonnity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. C a s h Equivalents The Clinton Foundation considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2014 and 2013, cash equivalents consisted primarily of money market accounts with brokers. At December 31, 2014, the Clinton Foundation's cash and assets limited as to use accounts exceeded federally insured limits by approximately $187 million. A s s e t s Limited a s to Use Clinton Foundation assets limited as to use include funds designated by contribution or grant agreements to be used for a specific limited program or purpose. Assets limited as to use held by CHAl are limited under its arrangement with UNITAID, an international organization affiliated with the World Health Organization, which works to leverage price reductions for diagnostics and medicines to better treat AIDS, malaria and tuberculosis in the developing world. The assets relate to the UNITAID arrangement and may be used only for the purchase of pediatric and second-line drugs and related commodities and diagnostics for UNITAID-sponsored projects. Investments and Investment Return Investments in equity securities having a readily determinable fair value and in all debt securities are carried at fair value. Investment return includes dividend, interest and other investment income; realized and unrealized gains and losses on investments carried at fair value; and realized gains and losses on other investments. investment return is reflected in the statements of activities as unrestricted, temporarily restricted or permanently restricted based upon the existence and nature of any donor or legally-imposed restrictions. Receivables Receivables primarily consist of contributions and grants receivable. The Clinton Foundation receives grant support from foundations, governmental units and private entities funding specific programs or events. Since the financial statements of the Clinton Foundation are prepared on the accrual basis, all earned portions of the grants not yet received as of December 3 1 , 2014 and 2013, have been recorded as receivables. Contributions receivable are stated at the amount pledged by donors net of net present value discounts. The Clinton Foundation provides an allowance for doubtful pledges receivable, which is based upon a review of outstanding receivables, historical collection information and existing economic conditions. Delinquent pledges receivable are written off based on the specific circumstances of the donor making the pledge. 8 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 Accounts receivable are comprised primarily of program related billings due, general deposits, travel advances and various deposits for leased facilities. Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation is charged to expense primarily by the straight-line method. The estimated useful lives for each major depreciable classification of property and equipment are as follows: Building and fixtures Furniture and equipment 15-40 years 3-10 years Net A s s e t s The Clinton Foundation prepares its consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP). Net assets, revenues and releases from restriction are classified based on the existence or absence of donorimposed restrictions. Accordingly, the net assets of the Clinton Foundation and the changes therein are classified and reported in three categories of net assets: Unrestricted net assets are those that are not subject to donor-imposed restrictions, including the net investment in fixed assets, unrestricted gifts and unrestricted current funds. Temporarily restricted net assets are those whose use by the Clinton Foundation is subject to donor imposed stipulations that will be satisfied either by actions of the Foundation, the passage of time or both. In addition net assets of consolidated investment entities are treated as temporarily restricted as to purpose. Permanently restricted net assets have been restricted by donors to be maintained by the Clinton Foundation either in perpetuity or until released by specific action by the Foundation's Board in accordance with applicable law. Contributions Gifts of cash and other assets received without donor stipulations are reported as unrestricted revenue and net assets. Gifts received with a donor stipulation that limits their use are reported as temporarily or permanently restricted revenue and net assets. When a donor-stipulated time restriction ends or purpose restriction is accomplished, temporarily restricted net assets are reclassified to unrestricted net assets and reported in the statement of activities as net assets released from restrictions. Gifts that are originally restricted by the donor and for which the restriction is met in the same time period are recorded as temporarily restricted and then released from restriction. Gifts of land, buildings, equipment and other long-lived assets are reported as unrestricted revenue and net assets unless explicit donor stipulations specify how such assets must be used, in which case the gifts are reported as temporarily or permanently restricted revenue and net assets. Absent explicit donor stipulations for the time long-lived assets must be held; expirations of 9 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 restrictions resulting in reclassification of temporarily restricted net assets to unrestricted net assets are reported when the long-lived assets are placed in service. Unconditional gifts expected to be collected within one year are reported at their net realizable value. Amounts expected to be collected in future years are recorded at the present value of estimated future cash flows. The discounts on those pledges are computed using an interest rate for the year in which the promise was received and considers market and credit risk as applicable. Subsequent years' accretion of the discount is included in contribution revenue. Conditional gifts depend on the occurrence of a specified future and uncertain event to bind the potential donor and are recognized as assets and revenue when the conditions are substantially met and the gift becomes unconditional. No conditional gifts were recorded, received or pledged in either 2014 or 2013. Collections The collections maintained at the William J . Clinton Presidential Library and Museum are the property of the National Archives, and, as such, these collections are not included on the statements of financial position of the Clinton Foundation. Furthermore, the Clinton Foundation is not responsible for the maintenance or preservation of items in the collections. In-kind Contributions In addition to receiving cash contributions, the Clinton Foundation receives in-kind contributions from various donors. It is the policy of the Clinton Foundation to record the estimated fair value of certain in-kind donations as an expense in its financial statements and similarly increase contribution revenue by a like amount. For the years ended December 31, 2014 and 2013, $2,236,108 and $1,721,837, respectively, were received in in-kind contributions. Grants Grant support is received from foundations, governmental units and private entities funding specific programs or events. Support funded by government grants is recognized as exchange transactions as the Clinton Foundation performs the contracted services or incurs outlays eligible for reimbursement under the grant agreements. Grant activities and outlays are subject to audit and acceptance by the granting agency, and, as a result of such audit, adjustments could be required. Other Income Other income includes net revenues attributable to program specific transactions, sublease rental income, gains and losses on sale of fixed assets, gains on programmatic investments accounted for under the equity method and proceeds from speeches given by members of the Clinton family, based on contractual agreements between the Clinton Foundation and the paying organization. Income Taxes The Clinton Foundation is exempt from income taxes under Section 501 of the Internal Revenue Code and a similar provision of state law. However, the Clinton Foundation is subject to federal income tax on any unrelated business taxable income. There is no tax liability due to unrelated business income. Therefore, no provision for income taxes on unrelated business income has been included in the consolidated financial statements. The consolidated for profit entities, Acceso 10 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 Worldwide Fund and Acceso Peanut enterprise Corporation, S.A., both have net losses. It is difficult to estimate whether the tax benefit resulting from these losses will be utilized within the prescribed period as defined by pertinent tax law. Any such benefit will be recorded in the future proportionally to the tax losses utilized and is immaterial to the consolidated statements. Management has analyzed tax positions taken by the consolidated entities and has concluded that, as of December 31, 2014, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements. Functional Allocation of Expenses The costs of supporting the various programs and other activities have been summarized on a functional basis in the statements of activities. Certain costs have been allocated among the program services, management and general and fund-raising categories based on time and effort measurements and other methods. Deferred Revenue Deferred revenue includes granted and contributed funds received in advance for delivery of program services. These amounts are recognized as revenue when earned based on the underlying agreement. Deferred revenue also includes amounts unspent under the UNITAID agreement. CHAl recognizes contribution revenue when underlying conditions are met and costs are incurred. Revisions to 2013 Financial Statements The 2013 consolidated financial statements presented herein have been revised to correct the accounting to now consolidate a controlled entity historically reported on the equity basis of accounting. The Foundation assessed the materiality of the errors and concluded that they were not material to any of its previously issued annual financial statements. The following summarizes the changes in the Statement of Financial Position, Statement of Activities and Statement of Cash Flows as of and for the year ended December 31, 2013: As Originally As R e v i s e d statement of Financial Position Cash and cash equivalents Beneficial Interest in net assets of related entity Statement of Activities Contributions (Temporarily Restricted) Contributions - Total Change in interest in net assets of related entities (Temporarily Restricted) Change in interest in net assets of related entities - Total Statement of C a s h Flow Operating activities Change in beneficial interest in net assets of related entity Net cash used in operating activities Decrease In cash and cash equivalents Beginning of year - Cash and cash equivalents End of year - Cash and cash equivalents 11 $ 66,012,516 Reported $ 65,647,516 365,000 88,586,623 196,109,103 - 91,301,968 198,824,448 (2,715,345) (2,715,345) (34,990,309) (40,941,355) 106,953,871 66,012,516 2,715,345 (32,274,964) (38,226,010) 103,873,526 65,647,516 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 Subsequent Events Subsequent events have been evaluated through November 16, 2015, which is the date the financial statements were available to be issued. 2. A s s e t s Limited a s to Use Assets limited as to use represent the cash available on hand for the UNITAID Commodities Program and cash on hand restricted to expenditures for specific Clinton Foundation programs at December 3 1 : 2014 Assets limited as to use 2013 $ 82,969,105 $ 86,645,545 Investments and Investment Return Investments at December 31 consisted of the following: 2014 Certificates Of deposit Endowment funds (cash and cash equivalents, mutual and money market funds) Operating investments $ 55,661,416 20,000,107 $ 75,661,523 2013 $ 1,545,585 14,649,160 -_ $ 16,194,745 Operating investments represent unrestricted funds intended to be invested long term by Clinton Foundation in order to maximize investment earnings. Composition of the investment return reported in the statement of activities is as follows: 2014 Interest and dividend income $ Unrealized and realized net gains on investments $ 12 95,658 104,684 200,342 2013 $ $ 166,956 552,304 719,260 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 Programmatic and Other Investments At December 31 2014 and 2013 all programmatic investments are associated with the mission of Clinton Giustra Enterprise Partnership (CGEP) initiative and comprised of investments in: Acceso Fund, LLC Haiti Devefopment Fund, LLC 2014 2013 1,068,564 1,996,505 130,557 116,885 Due from investment entities 4,226 $ 1,203,347 61,123 $ 2,174,513 The primary purpose of the programmatic investments is to further the tax exempt objectives of the Clinton Foundation and not focus on production of income or the appreciation of the asset. Like grants, these financial investments have as their primary purpose the achievement of the Clinton Foundation's programmatic mission. These investments, which represent ownership interests in other organizations, are accounted for using the equity method of accounting, and are not subject to the fair value measurement requirements in ASC 958-320 due to these investments not meeting the definition of an equity security with readily determinable fair value. The net loss on programmatic investments accounted for by the equity method for 2014 and 2013 was $971,166 and $524,996, respectively, as recorded in program services Contributions and Grants Receivable All contributions receivable, with the exception of Clinton Foundation endowment contributions receivable, are reported as a component of temporarily restricted net assets and consisted of the following at December 3 1 : Due within one year Due in one to five years Due in more than five years Less: Allowance for uncollectible contributions Unamortized discount 2014 2013 $ 56,237,694 55,221,139 6,475,000 $ 21,206,433 31,010,787 15,200,000 117,933,833 67,417,220 2,682,514 3,214,334 3,891,579 2.361,365 $112,036,985 $ 61,164,276 Clinton Foundation endowment net contributions receivable of $95,130,549 and $$44,447,125 at December 31, 2014 and 2013, respectively, are classified as permanently restricted net assets. 13 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 Clinton Foundation and CHAl receive grant support through periodic claims filed with respective funding sources, not to exceed a limit specified in the funding agreement. Advances from grantors were approximately $53,878,588 and $53,663,185 at December 3 1 , 2014 and 2013, respectively, and are reported as deferred revenue on the consolidated statements of financial position. 6. Property and Equipment Property and equipment at December 31 consist of the following: 2014 $ Land Furniture and equipment Buildings and fixtures $ 1,300,874 9,302.546 136.353.324 150,328,967 146,956.744 42,377.303 36,750,266 $107,951,664 $110.206,478 Less: Accumulated depreciation 7. 1,300,874 12,225,573 136,802,520 2013 Net Assets Temporarily Restricted Net A s s e t s Temporarily restricted net assets on December 3 1 , 2014 and 2013, were available for the following purposes: 2014 Time restricted pledges receivable Haiti relief and recovery CHAl initiatives Foundation initiatives 2013 $ 11,671,193 1,531,656 36,621,243 12.418.468 $ 2,603,521 1.526,308 36,135,388 19,476.799 $ 62.242.560 $ 59.742,016 Time restricted pledges receivable represent gifts whose only restriction is the passage of time. Permanently Restricted Net A s s e t s Permanently restricted net assets at December 31, 2014 and 2013 were restricted to: 2014 Clinton Foundation Endowment Fund $ Clinton Foundation Endowment contributions receivable, net Speaker's Endowment Fund $ 14 55,312,855 2013 $ 14,316,723 95,130,549 44,447,125 250,000 250,000 150,693,405 $ 59,013,848 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 The Clinton Foundation endowment fund is comprised of permanently restricted gifts received by the Foundation. The income of the endowment fund is unrestricted as to purpose. Net A s s e t s Released From Restrictions Net assets were released from donor restrictions by incurring expenses satisfying the restricted purposes, by the expiration of a time restriction or by occun-ence of other events specified by donors. 2014 2013 Purpose restrictions accomplished CHAl initiatives 48,120,133 Haiti relief and recovery Foundation initiatives 44,423,217 3,232,193 1,133,224 35,825,479 29,929,603 87,177,805 75,486,044 11,025,198 8,754,831 Time restrictions expired Collection of pledges $ 98,203,003 $ 84,240,875 Endowment The Clinton Foundation's Endowment consists of funds established to support the Foundation's mission to create partnerships of great purpose to improve global health and wellness, increase opportunity for women and girls, reduce childhood obesity, create economic opportunity and growth, and help communities address the effects of climate change. In furtherance of its mission, the overall goal of the Foundation's Endowment is to provide a stable source of financial support and liquidity for the mission of the Foundation. The Endowment is comprised of donorrestricted endowment funds. As required by accounting principles generally accepted in the United States of America (GAAP), net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions. Applicable law requires that all endowment funds be classified as permanently restricted. In the Foundation's Endowment, these comprise two types of funds: (1) funds that have donor restrictions requiring that they be maintained in perpetuity; and (2) funds that do not have donor restrictions as to the term for which such funds must be maintained prior to their appropriation for spending and which can be appropriated for spending by specific action of the Foundation's Board. In the latter instance, where there is no such explicit donor restriction within the gift instrument, the Foundation has determined that it will prudentially classify the original value of a gift and any subsequent gifts made under the same instrument as permanently restricted given the totality of the circumstances of the gift. Accumulated earnings on the Endowment are classified as temporarily restricted net assets until those amounts are appropriated for expenditure by the Foundation. The Foundation makes all determinations to appropriate or 15 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 accumulate donor-restricted endowment funds in a manner consistent with the standard of prudence prescribed by applicable law, including UPMIFA. The composition of net assets by type of endowment fund at December 3 1 , 2014 and 2013 was: 2014 Temporarily Unrestricted Donor-restricted endowment funds Total endowment funds Permanently Restricted Restricted 98,560 J $ ^ Total 150,693,405 $ 98,560 150,693,405 150,791,965 $ 150,791,965 2013 Unrestricted Donor-restricted endowment funds Total endowment funds $ $ Temporarily Permanently Restricted Restricted $ $ 82,437 $ 59,013,848 82,437 $ 59,013,848 Total $ $_ 59,096,285 59,096,285 Changes in endowment net assets for the years ended December 3 1 , 2014 and 2013 were: 2014 Temporarily Restricted Unrestricted Endowment net assets, beginning of year Net appreciation (depreciation) Write off of uncollectible pledges Contributions Total endowment funds Permanently Restricted - 82,437 16,123 - 0 $ $ $ $ 98,560 $ 59,013,848 Total 59,096,285 16,123 (500,000) 92,179,557 $ (500,000) 92,179,557 $ 150,693,405 $ 150,791,965 2013 Temporarily Restricted Unrestricted Endowment net assets, beginning of year Net appreciation (depreciation) Contributions Total endowment funds $ Total $ 17,491 64,946 $ 250,000 58,763,848 $ 267,491 64,946 58,763,848 $ 82,437 $ 59,013,848 $ 59,096,285 $ Permanently Restricted Net endowment contributions receivable as of December 3 1 , 2014 and 2013 were $95,130,549 and $44,447,125, respectively. 16 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 From time to time, the fair value of assets associated with individual donor-restricted endowment funds may fall below the value of the initial and subsequent donor gift amounts. In accordance with GAAP, when the value of endowment funds fall below initial and subsequent gift amounts, such deficiencies are classified as a reduction of unrestricted net assets. As of December 31, 2014 and December 3 1 , 2013 no such deficiencies exist. The Clinton Foundation Endowment was created during the 2013 fiscal year. During 2014, the Foundation Board approved candidates for the Investment Committee which is empowered to approve and adopt investment policies and procedures to ensure that endowment funds and their related returns are spent in accordance with UPMIFA and donor's intent and maintain the appropriate amount of risk and return for the Foundation's purposes. For the long-term, the primary investment objective for the Endowment is to earn a total return (net of all investment program fees), within a prudent level of risk, which is sufficient to maintain in real terms the purchasing power of the Endowment, support operating expenses and payout requirements and provide moderate capital appreciation after accounting for such distributions and expenses. The risk tolerance of the Foundation is moderate. Moderate fluctuations in market value can be tolerated over time, and stability of the overall corpus is valued for predictability and consistency of payouts over time. This tolerance, as dictated by market conditions and organizational circumstances, may be adjusted over time. The Foundation's investment time horizon is long term. The Foundation, in consultation with the Investment Committee, has delegated to an Investment Advisor the day-to-day implementation of the investment program as set forth in the Investment Policy Statement. The specific roles and responsibilities of the Investment Advisor are governed by a written investment management agreement, signed and agreed to by the Foundation and the Investment Advisor. The following is a summary of the asset allocation guidelines and performance benchmarks adopted by the Foundation: Target Allocation by Asset C l a s s Near-Tenn Reserve Reserve Fixed Income Balanced Reserves Subtotal Hedged Benchmark Long-Tenn 10.00% 2.50% 12.50% 10.00% 0.00% 10.00% Barclays Intermediate Aggregate Index Strategic Fixed Income Diversified Strategies Hedged Equity Subtotal Directional Benchmark Equity Select Equity 9.00% 10.50% 10.50% 30.00% 7.00% 9.00% 9.00% 25.00% HFRI Strategic Fixed Income Peer Group HFRI Fund of Funds Diversified Index HRFI Equity (Total) Hedge Index 25.00% 27.50% 25.00% 25.00% Private Investments Subtotal Total 5.00% 57.50% 100.00% 15.00% 65.00% 100.00% MSCI All Country World Index MSCI All Country World IMI Index State Street Private Equity Index: US Private Equity Funds Median Return 17 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 The Endowment uses two different spending policies, one for the near-term and one for the longterm, to be adopted once the Foundation reaches a threshold set at the Board's discretion. The near-term spending policy dictates that no spending will occur from the Endowment for the foreseeable future as the corpus is established and grows meaningfully from inflows. The longterm spending policy specifies that annual spending will be based on 3-5% of the trailing 12 quarter average of the Endowment or similar formula. By using the trailing 12 quarter average the Foundation aims to smooth the spending amount and avoid large swings, providing a consistent and predictable level of financial support for the Foundation over time. The Foundation has not used or invested any of the endowment funds (or any net appreciation from these funds classified in temporarily restricted net assets) during 2014 as the Investment Committee, Investment Policy and Spending Policy were approved late in the year. For this reason, all endowment funds received and held during 2014 are held in cash and cash equivalents, money market funds and mutual funds. 9. Functional Expenses Expenses incurred by the Clinton Foundation, excluding provision for uncollectible pledges, classified by functional categories for the years ended December 31, 2014 and 2013, were as follows: 2014 Program Management/ Fund Raising Services General Total Salaries and benefits $ 79,937,654 $ 12,835,407 $ 3,114,078 55 95,887,139 Direct program expenditures 33,689,239 - 3,360 33,692,599 Professional and consulting 13,829,202 1,390,623 2,030,051 17,249,876 Conferences and events 12,687,287 128,611 1,384,249 14,200,147 UNFTAID commodities expense 14,196,240 - 14,196,240 2,549,578 - 18,475,724 951,325 1,359,480 20,786,529 2,278,659 461,714 29,591 2,769,964 13,519,824 Procurement and shipping Travel Telecommunications 2,549,578 13,361,801 138,621 19,402 625,735 602,853 176,969 1,405,557 Occupancy costs 5,593,595 1,587,554 116,437 7,297,586 Meetings and trainings Bank and other fees Ofnce expenses 6,192,912 1,464,445 130,779 7,788,136 Capital charges 5,664,204 8,535 - 5,672,739 Depreciation 5,109,564 333,820 32,432 5,475,816 3,516,547 1,484,819 728,602 5,729,968 Other Totals, year ended December 31,2014 $ 217,707,941 18 $ 21,388,327 $ 9,125,430 $ 248,221,698 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 2013 Salaries and benefits $ Program Management/ Fund Services General Raising 65,775,050 $ 9,592,297 $ Total 3,616,323 $ 78,983,670 Direct program expenditures 29,389,026 - 46,017 29,435,043 Professional and consulting 13,697,674 904,301 2,096,221 16,698,196 Conferences and events UNFTAID commodities expense 9,721,984 28,647,779 28,879 1,444,691 - 11,195,554 28,647,779 1,668,867 - 16,707,454 736,369 1,754,678 19,198,501 Telecommunications 2,214,469 324,036 82,118 2,620,623 Meetings and trainings 7,470,295 86,950 9,971 7,567,216 706,900 171,447 272,212 1,150,559 Occupancy costs 4,715,823 842,953 420,114 5,978,890 Office expenses 4,673,655 745,817 234,250 5,653,722 Capital charges 3,962,232 - 3,962,232 Depreciation 4,318,967 644,715 - 4,963,682 Other 2,963,205 1,555,798 152,565 4,671,568 Procurement and shipping Travel Bank and other fees 1,668,867 Totals, year ended December 31,2013 10. $ 196,633,380 $ 15,633,562 $ 10,129,160 $ 222,396,102 Program S e r v i c e s E x p e n s e s Program service expenses incurred by the Clinton Foundation classified by initiative for the years ended December 3 1 , 2014 and 2013, were as follows: 2014 Clinton Health Access Initiative Clinton Global Initiative Clinton Presidential Center Clinton Climate Initiative Clinton Giustra Sustanlnable Growrth Initiative Clinton Development Initiative Clinton Health Matters Initiative Other Program $ $ 11. 143,041,357 23,544,381 13,501,618 8,293,416 7,358,967 4,482,714 3,696,323 13,789,165 217,707,941 2013 66% 11% 6% 4% 3% 2% 2% 6% 100% $ $ 127,781,347 23,684,078 12,288,987 8,406,801 5,039,288 2,575,401 1,676,729 15,180,749 196,633,380 68% 9% 6% 8% 3% 1% 0% 5% 100% Operati ng L e a s e s The Clinton Foundation's leases which are generally month-to-month operating leases for office space both domestically and internationally, expire at various dates through 2043. Rental expense 19 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 for all operating leases was $4,837,425 and $3,931,893 for 2014 and 2013, respectively. There are three standby letters of credit totaling $1,309,625 in support of these leases. There are no amounts outstanding on the letters of credit as of December 3 1 , 2014. 12. Pension Plan Retirement benefits are offered to the Clinton Foundation employees based on eligibility. These benefits vary and are dependent on employee type and location. • U.S. based staff and U.S. expatriates are eligible to contribute into a 401 (k) plan which the Clinton Foundation matches up to 6% of the employee contribution. • Third Country Nationals and Local national retirement plans are available in a select number of countries. The Clinton Foundation also contributes to the national social security fund in many of the countries in which it operates as stipulated by local law. Pension expense was $3,655,966 and $2,693,133 for 2014 and 2013, respectively. 13. Transactions With the National Archives and Records Administration and L e a s e With the City of Little Rock, Arkansas In 2004, the Clinton Foundation entered into a joint use, operating and transfer agreement with the National Archives and Records Administration (NARA) that expires February 29, 2101. Under the agreement, NARA agreed to operate certain areas of the facility known as the William J . Clinton Presidential Library and Museum (the Library) for the purposes of housing, preserving and making available, through historical research, exhibitions, educational programs and other activities, the presidential records and historical materials of President William Jefferson Clinton. Because the terms of the lease essentially transfer to NARA the right to use portions of the Library for a period in excess of the property's expected economic life, the cost of construction of those areas operated by NARA, which amounted to approximately $36,000,000, has been excluded from the Clinton Foundation's statements of financial position. The land occupied by the Library is owned by the City of Little Rock, Arkansas (the City), but is leased to the Clinton Foundation under a 99-year lease for a nominal annual amount. The Clinton Foundation is responsible for maintaining those areas within 75 feet of the buildings and certain land improvements. Maintenance of the remaining land is the responsibility of the City. Because the lease with the City does not convey exclusive right to the use of this land and because it is to be operated in a manner similar to other City parks, the Clinton Foundation does not recognize the present value of the lease's fair value within its financial statements. 14. Disclosures About Fair Value of A s s e t s Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: 20 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities Investments Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include money market funds, equity securities and mutual funds. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. The Clinton Foundation did not have any Level 2 or Level 3 measurements at December 3 1 , 2014 or 2013. Recurring Measurements The following table presents the fair value measurements of assets and liabilities in the accompany statements of financial position measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 3 1 , 2014 and 2013: Fair Value Measurements Using Quoted Prices in Active Fair Value Significant Markets for Other Significant identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) December 31, 2014 Investments: Certificates of deposit $ - $ $ 75,661,523 75,661,523 $ Mutual funds 75,661,523 75,661,523 $ 1,545,585 14,649,160 16,194,745 $ December 31, 2013 Investments: Certificates of deposit Mutual funds $ $ 1,545,585 14,649,160 16,194,745 $ $ The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying statements of financial position at amounts other than fair value. 21 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 C a s h and C a s h Equivalents and A s s e t s Limited a s to Use The carrying amount approximates fair value. Contributions Receivable The carrying amount approximates fair value. Long-term Debt The carrying amount approximates fair value. The following table presents estimated fair values of the Clinton Foundation's financial instruments at December 31, 2014 and 2013: 2014 2013 Carrying Fair Carrying Fair Amount Value Amount Value Financial a s s e t s Cash and cash equivalents $ Contributions receivable, net 43,152,198 $ 112,036,985 43,152,198 $ 112,036,985 66,012,516 $ 61,164,276 66,012,516 61,164,276 Financial liabilities Long-temi debt 15. $ - $ - $ 74,985 $ 74,985 Related Party The Clinton Foundation engages in certain charitable activities that are funded by Clinton Giustra Enterprise Partnership (CGEP Canada, formerly CGSGI Canada). CGEP Canada makes grants from time-to-time to the Clinton Foundation to carry out CGEP Canada's and the Clinton Foundation's charitable goals. Neither entity controls the other; however, they share a common board member. During 2014 and 2013, the Clinton Foundation received from CGEP Canada approximately $131,008 and $1,232,458, respectively. 16. Significant Estimates and Concentrations Accounting principles generally accepted in the United States of America require disclosure of certain significant estimates and current vulnerabilities due to certain concentrations. These matters include the following: A s s e t s in Foreign Countries The Clinton Foundation maintains cash balances and equipment in Asia, Africa, the Caribbean, Sweden, Australia, Haiti and South America. At December 31, 2014 and 2013, the Clinton Foundation had approximately $12.8 million and $18.0 million, respectively, deposited in foreign banks and equipment with an acquisition cost of approximately $8 million and $5.5 million, respectively, in foreign countries. 22 Bill, Hillary & Chelsea Clinton Foundation Notes to Consolidated Financial Statements December 31, 2014 and 2013 Contributions and Grants At December 31, 2014, tiie concentration of earned revenue was as follows: 2014 Government and multilateral 2013 33 % 33 % Foundations 43 29 Other donors 24 38 100 % 100 % Contribution and grant revenue recorded in the Statement of Activities totaled $332 million and $292 million for the years ended December 31, 2014 and 2013, respectively. Litigation The Clinton Foundation is, from time to time, subject to claims that arise primarily in the ordinary course of its activities. Currently, management is not aware of any such claim or claims that would have a material adverse effect on the Clinton Foundation's financial position or net assets. Events could occur, however, that would change this estimate materially in the near term. 23