Michael Crain: “A lot of money goes to the hotel or ballroom.”

“I'd left the embassy, needed something philanthropically to do. And I remember it hit me that most of fundraisers at the time for organizations were big ballroom events. And A lot of money goes to the hotel or ballroom. No shame in that. Whatever works, works. But a lot of money was going to the venue.” (29:35–29:37)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.