http://www.politifact.com/truth-o-meter ... ndation-c/
"Although it has ‘foundation’ in its name, the Clinton Foundation is actually a public charity," Brian Mittendorf, a professor of accounting at Ohio State University’s Fisher College of Business, wrote in the Chronicle of Philanthropy. "In practical terms, this means both that it relies heavily on donations from the public and that it achieves its mission primarily by using those donations to conduct direct charitable activities, as opposed to providing grants from an endowment.
"Failure to understand the difference led to the widespread claim (covered by the New York Post, Rush Limbaugh, Fox News, and others) that only a small portion of Clinton Foundation spending goes toward charity. While measuring charitable endeavors by the amount of grants awarded may be appropriate for many private foundations, it is not for an organization that acts as a direct service provider like the Clinton Foundation."