Nearly 65 percent of the Biden Cancer Initiative's money went into the pockets of staffers
One of several nonprofits Joe Biden created following his tenure in the White House, the Biden Cancer Initiative paid top executives lavishly, with salaries comprising nearly 65 percent of its total expenditures. That is well above the 25 percent charity watchdogs recommend nonprofits spend on administrative overhead and fundraising costs combined.
The nonprofit raised and spent $4.8 million over its two years in operation, its 2017 and 2018 tax forms show. Slightly more than $3 million of that amount went to salaries, compensation, and benefits. At the same time, the group spent just $1.7 million on all of its other expenses. A bulk of this cash—$740,000—was poured into conferences, conventions, and meetings. It did not cut a single grant to any other group or foundation during its two-year run.
An analysis of nonprofits by Charity Navigator, which rates charities for effectiveness, found that mid-to-large-sized nonprofits paid their chief executives an average salary of $126,000 per year—far less than what the Biden Cancer Initiative paid its president, Greg Simon, who pocketed $224,539 in 2017 and $429,850 in 2018. Charity Navigator's primary criterion for rating charities is whether they "spend at least 75% of their expenses directly on their programs."
The Biden cancer group's financial disclosures may raise new questions about whether the presumptive Democratic presidential nominee allowed associates to profit off their access to him. Before going on to receive six-figure salaries from the Biden Cancer Initiative, Simon and the initiative's vice president, Danielle Carnival, previously worked for the Obama administration's Cancer Moonshot program. Biden's son Hunter received...
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2 comments:
Regardless of what anyone tells you, that is how charities do and have always worked. The ones that make the numbers look better merely have armies of volunteers or very lowpay employees. It is high paying jobs for spouses and lovers of politicians and other rich or so-called elite. Sure, they are rich, but without an iota of conscience. I suppose there are real charities, but a little digging, then some more digging, and perhaps another round, and you quickly find the rot in... all I have looked into. It makes people feel good to pretend they are feeding the poor when they are really feeding the rich?
Absolutely true....
I used to work in printing. One of our regular clients was a charity for handicapped, retarded, and veterans.
Millions came in... the CEO's wife, son, daughter in law, daughter, son in law, and various hangers on all had high paying jobs... they printed up flyers to announce the meeting to discuss the agenda about the program, that was going to direct the fundraising campaign, to raise money for the awareness publicity, about the annual golf tournament that raises money to pay for the committee fundraising costs, since we had to add 2 new directors positions last year.
A racket. Utter graft and criminality, and they all did it with a smile...
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