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Clinton 9/11 Fund Has No Class
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hillarynews
Joined: 24 Jan 2007
Posts: 2255
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 Posted: Tue Sep 11, 2007 3:48 am Post subject: Clinton 9/11 Fund Has No Class |
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 Clinton 9/11 Fund Has No Class
A charity that tapped the influence of former President Bill Clinton and ex-Sen. Bob Dole and raised more than $125 million to send the children of 9/11 to college is stiffing families it promised to help, The Post has learned.Clinton and Dole spearheaded a campaign for Scholarship America that raked in millions to "guarantee a college education to the children and spouses of everyone who was killed or disabled on Sept. 11," as Clinton vowed on the Larry King show in September 2002.Major corporations, including Citigroup, DaimlerChrysler and Major League Baseball, gave $5 million or more. Hundreds of other companies and individuals pitched in $10,000 and up.
Category: Top Story
In the six years since, the Minnesota-based charity, which launched its "Families of Freedom Scholarship Fund" days after the terror attacks, has doled out only $19 million in college aid to 731 recipients.
But the fund is sitting on $133 million as donations continue to flow in and the money is invested.
Yet the charity has refused or slashed aid to families that earn interest from their 9/11 Victim Compensation Fund payments, saying that's taxable income that reduces their need.
The fund says its goal is to distribute all the money to 9/11 victims by the year 2030 - but will use leftover funds as it pleases for other college scholarships that are not 9/11-related.
Such policies trouble not just 9/11 families, but Clinton, who is seriously disturbed by the way the fund has operated.
"He's adamantly against - and was never informed about or approved - the policy that interest earned from the Victim Compensation Fund be counted against the scholarships," spokesman Ben Yarrow told The Post said Friday from Clinton's Harlem office.
That policy "unfairly penalizes . . . people who tragically lost their loved ones" on 9/11, Clinton believes.
"Many ordinary Americans responded to Sen. Dole's and President Clinton's fund-raising appeal based on their desire to help the families of 9/11 victims," Clinton's chief of staff, Laura Graham, wrote to the charity Thursday in a letter shared with The Post.
Read more...
Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to |
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