Mark Lennihan, File, Associated Press
NEW YORK — On its face, the annual Clinton Global Initiative meeting provides a platform for Bill, Hillary and Chelsea Clinton to announce a series of financial commitments from corporations, nongovernmental organizations and philanthropists to address intractable problems around the globe.
Perhaps more than any other year, the latest New York gathering of Clinton loyalists and luminaries also has offered a vivid look at the past, present and future of one of America's most dominant political families.
Created in 2001, the foundation has allowed the ex-president to tackle problems across continents and burnish his legacy. It now serves as a home base for Hillary Rodham Clinton as she considers whether to run for president in 2016. And it also could become a launching pad for the couple's only child, 33-year-old Chelsea Clinton, should she eventually become a political player in her own right.
"It's a good thing to make big bets in philanthropy," the former president declared at the annual meeting, introducing a short video on the foundation's work narrated by actor Morgan Freeman. "What began with one man's drive to help people everywhere," Freeman said, "moved quickly into a foundation full people of great passion and great gifts."
The four-day meetings, an initiative of the foundation held every year since 2005, offered a study in how the Clintons have transitioned from the White House to create a global clearinghouse to address big problems like AIDS prevention, nutrition, women's equality and poverty.
In a testament to the Clintons' ability to convene big names, the ballroom was awash with former Clinton administration officials, CEOs and corporate executives and celebrities.
As the ex-president searched for his notes backstage, U2 frontman Bono kept the crowd entertained with an impromptu Clinton impression, complete with a Southern drawl. In smaller sessions, actor Sean Penn talked about his development work in Haiti, and actress Kate Hudson promoted leadership roles by women.
The former first lady and New York senator said she would lead an effort through the foundation to evaluate the progress made by women around the globe in advance of the 20th anniversary of her remarks at a U.N. women's conference in Beijing. As first lady, Clinton famously declared at the 1995 conference that "human rights are women's rights, and women's rights are human rights, once and for all."
During a session on Wednesday, Mrs. Clinton announced three new commitments to help women around the globe, including a $1.5 billion effort over the next five years to help businesses owned by women. Financial partners include Coca-Cola, Wal-Mart and Exxon Mobil.
"This is such a perfect example of CGI networking," she said. "Leveraging social capital and real capital — it's a great combination."
It's that very combination of money and philanthropy that could serve as a line of attack against the former secretary of state if she seeks the White House. The family has been raising money to build the foundation's endowment, holding recent fundraisers in New York's Hamptons and Washington. A benefit concert in London is planned for this fall, along with events in Washington, Miami and San Francisco.
Bill Clinton was forced to defend his foundation in August after media reports surfaced about infighting among staff and questions over the organization's financial management. The foundation disclosed that an outside firm conducted an audit in 2011 that recommended a stronger management staff and a more independent board.
Earlier this week, the former president said he was grateful for the work of his former aide, Douglas Band, after a lengthy report in the New Republic described an overlap between Band's business clients and donors to the foundation.
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