THE WHITE HOUSE
Office of the First Lady
First Lady Announces Royalties from It Takes A Village
First Lady Hillary Rodham Clinton today announced receipt of $742,000, representing the first royalties from the sale of It Takes A Village. Upon publication of her book, the First Lady made the commitment to distribute the after tax royalties to benefit children's hospitals. The First Lady will seek the advice of the National Association of Children's Hospitals and Related Institutions in distributing the funds.
The agreement with the publisher Simon and Schuster stipulates that Mrs. Clinton will receive 15% of the suggested retail price of the book. The accumulated proceeds have been deposited in an interest bearing checking account. The distribution of these monies will occur after the November election.