If the Clinton Foundation was operating fully above board, as its founders assert, then why is it shutting down the Clinton Global Initiative?
Yes, on January 12, a WARN notice was filed with the New York Department of Labor confirming that the Clinton Global Initiative (CGI) would be shuttering, laying off 22 employees. That CGI's downward spiral follows Hillary Clinton's presidential defeat comes as no surprise. The Observer provides details:
The Clinton Foundation’s long list of wealthy donors and foreign government contributors during the 2016 elections provoked critics to allege conflicts of interests. [...] But as soon as Clinton lost the election, many of the criticisms directed toward the Clinton Foundation were reaffirmed. Foreign governments began pulling out of annual donations, signaling the organization’s clout was predicated on donor access to the Clintons, rather than its philanthropic work. In November, the Australian government confirmed it “has not renewed any of its partnerships with the scandal-plagued Clinton Foundation, effectively ending 10 years of taxpayer-funded contributions worth more than $88 million.” The government of Norway also drastically reduced their annual donations, which reached $20 million a year in 2015.
On January 12, the Clinton Foundation received more bad news: a WARN notice was filed with the New York Department of Labor. The main office of the Clinton Global Initiative in New York City would be closing, laying off 22 employees. The Worker Adjustment and Retraining Notification Act (WARN) “offers protection to workers, their families and communities by requiring employers to provide notice 60 days in advance of covered plant closings and covered mass layoffs. This notice must be provided to either affected workers or their representatives (e.g., a labor union); to the State dislocated worker unit; and to the appropriate unit of local government.” The reason for the filing was stated as the “discontinuation of the Clinton Global Initiative,” after CGI previously announced layoffs leading up to the general election.
The Clinton Global Initiative functioned mainly as the elite networking arm of the Clinton Foundation. According to the CGI website, "rather than directly implementing projects, CGI facilitates action by helping members connect, collaborate, and make effective and measurable Commitments to Action—plans for addressing significant global challenges."
While the Clintons maintain the pretense of running a noble charity, it's been made clear through leaked documents that the Clinton Foundation has been nothing more than a pay-to-pay scheme and personal slush fund for the Clinton family since its inception. Add to this the fact that less than half of CGI's projects in the last decade have even been completed, according to a 2016 investigative report in the Washington Examiner.
The Clinton Foundation, meanwhile, is still open for business, but its glory days are likely over. In a December email, foundation chairman Bruce Lindsey attempted to drum up donations, telling foundation supporters that, "President Clinton and Chelsea remain dedicated to our work providing everyone a chance to succeed."
Leading up to the New Year, Lindsey then asked for donations and asserted that Bill Clinton would personally triple "every gift" up to $200,000.
Forging ahead without shame -- that is the Clinton modus operandi.