A new report from the Wall Street Journal reveals how a $2 million grant arranged by the Clinton Global Initiative went to a private, for-profit company owned by long-time allies of the Clinton clan.

The Clinton Global Initiative, which arranges donations to help solve the world’s problems, set up a financial commitment that benefited a for-profit company part-owned by people with ties to the Clintons, including a current and a former Democratic official and a close friend of former President Bill Clinton.

The $2 million commitment was placed on the agenda for a September 2010 conference of the Clinton Global Initiative at Mr. Clinton’s urging, according to a document from the period and people familiar with the matter.

The company is called Energy Pioneer Solutions Inc., and was founded by Nebraska Democrat Scott Kleeb who ran several times, unsuccessfully, for congress. But, according to the Journal, the ties from the Clintons and the multiple owners of the company are wide and deep.

An internal document from that year showed it as owned 29% by Mr. Kleeb; 29% by Jane Eckert, the owner of an art gallery in Pine Plains, N.Y.; and 29% by Julie Tauber McMahon of Chappaqua, N.Y., a close friend of Mr. Clinton, who also lives in Chappaqua. Owning 5% each were Democratic National Committee treasurer Andrew Tobias and Mark Weiner, a supplier to political campaigns and former Rhode Island Democratic chairman, both longtime friends of the Clintons.

The report also details how the Clinton Global Initiative helped secure federal funding through the Department of Energy for the company populated by Clinton Cronies. Former President Bill Clinton personally endorsed the company to then-Energy Secretary Steven Chu and Chu obliged Clinton by granting $812,000 to the firm. Chu told the Journal he doesn’t recall the conversation with Clinton about the grant.

Mr. Clinton’s spokesperson merely said “President Clinton counts many CGI participants as friends,” and his wife Hillary, the leading candidate for the Democrats’ nomination for president chose to ignore requests for comment.