So Rush Limbaugh suggests. But opinions differ.
Many foundations carry out charitable works by giving money to other organizations that, in turn, do the ground-level charity work, whereas the Clinton foundation’s charitable works are mostly done by people on the foundation’s payroll. "We are an implementing organization rather than a grantmaking organization," said the foundation’s Minassian. That’s why the Clinton Foundation’s 990s show a relatively small amount of money categorized as "grants" -- only about 10 percent of all expenses in 2013.
The foundation says its own employees are doing its charitable work. The annual report -- which, remember, includes both the Clinton Foundation and the Clinton Health Access Initiative -- says that 7 percent of expenditures were spent on "management and expenses" and 4.5 percent for "fundraising." (The numbers on the 990s for the two entities are in the same ballpark.)
Add those two percentages together and you get almost 12 percent; subtract that from 100 percent and you get the 88 percent figure the foundation cited. LINK
An independent audit of the Clinton Foundation also suggests otherwise and includes ALL of the tax documents submitted. Some critical reports have failed to properly understand the relationship between the Clinton Foundation and the Clinton Health Access Initiative.
http://www.newsmax.com/Newsfront/clinton-foundation-cash-controversy/2015/04/27/id/640856/
John Cassidy, a columnist with The New Yorker, fair-minded and balanced, got it right when he wrote that "Clinton Cash" appears to contain "largely unsubstantiated allegations."
He notes that Schweizer admits he cannot prove the allegations, and that "with [Fox News' Sean] Hannity and other conservative media figures piling on, the Clinton campaign will be able to portray questions about the Clinton Foundation and the family’s finances as a political witch-hunt rather than a legitimate exercise in vetting presidential candidates."
Even Bill O'Reilly, who has a penchant for telling the truth, told his Fox audience that the Clintons deserved the "presumption of innocence" and that "right now the evidence is circumstantial, not vetted, and the subject of wild speculation by anti-Clinton forces."
And anyone that imagines that international charities conducting business worldwide don't have significant travel expenses and employees that must be paid is being disingenuous.