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| Just 5.7 Percent Of Clinton Foundation Budget Actually Went To Charitable Grants |
| 2016-09-17 |
| Just 5.7 percent of the Clinton Foundation’s massive 2014 budget actually went to charitable grants, according to the tax-exempt organization’s IRS filings. The rest went to salaries and employee benefits, fundraising and "other expenses." The Clinton Foundation spent a hair under $91.3 million in 2014, the organization’s IRS filings show. But less than $5.2 million of that went to charitable grants. That number pales in comparison to the $34.8 million the foundation spent on salaries, compensation and employee benefits. Another $50.4 million was marked as "other expenses," while the remaining almost $851K was marked as "professional fundraising expenses." Despite taking in an additional $30 million in 2014, the Clinton Foundation spent 40 percent less on charitable grants in 2014 than in 2013. Even as it slashed charitable spending, the foundation increased the amount spent on salaries, employee benefits and compensation by $5 million in 2014. The foundation also spent $5 million more "other expenses" in 2014. Sean Davis at The Federalist notes, "the bulk of the charitable work lauded by the Clinton Foundation’s boosters -- the distribution of drugs to impoverished people in developing countries -- is no longer even performed by the Clinton Foundation. Those activities were spun off in 2010 and are now managed by the Clinton Health Access Initiative, a completely separate non-profit organization." As first reported by The Daily Caller, the IRS launched an investigation into the Clinton Foundation this past July after 64 House Republicans called the foundation a "lawless ’pay-to-play’ enterprise that has been operating under a cloak of philanthropy for years and should be investigated" in a letter to the IRS, FBI and Federal Trade Commission (FTC). |
| Posted by:JohnQC |
| #12 They spelled 'money laundering scheme' wrong. |
| Posted by: Procopius2k 2016-09-17 21:45 |
| #11 Rotary International numbers from Charity Navigator: Program Expenses (Percent of the charity’s total expenses spent on the programs and services it delivers) 89.0% Administrative Expenses 3.5% Fundraising Expenses 7.3% Fundraising Efficiency $0.07 Working Capital Ratio (years) 2.99 Program Expenses Growth 11.8% Liabilities to Assets 8.2% Clinton Foundation is an utter fraud, like them. |
| Posted by: NoMoreBS 2016-09-17 17:16 |
| #10 and Ashe Schow highlighs yet another loophole exploited the Clinton Perpetual Motion Money Machine - millions from the wealthy who donate voluntarily, but granny's $99.00, literally stolen, is just fine too |
| Posted by: Bov Flimbers 2016-09-17 16:56 |
| #9 That much? |
| Posted by: nguard 2016-09-17 15:46 |
| #8 5.7% before or after kickbacks - don't tell me there are no kickbacks with Clintons. |
| Posted by: g(r)omgoru 2016-09-17 15:34 |
| #7 Darth - I couldn't find anything stating a minimum. Granted, I only spent two minutes searching. |
| Posted by: Raj 2016-09-17 15:31 |
| #6 5.7% bare minimum to call yourself a charity with the IRS maybe? |
| Posted by: DarthVader 2016-09-17 13:55 |
| #5 Has anyone seen the surprise meter? Or is it n the shop due to over use? |
| Posted by: CrazyFool 2016-09-17 13:20 |
| #4 while the remaining almost $851K was marked as "professional fundraising expenses." Also know as 'leg breakers'. |
| Posted by: Raj 2016-09-17 13:13 |
| #3 Golly. Maybe the donors should demand their money back. |
| Posted by: gorb 2016-09-17 12:27 |
| #2 The loophole seems to be the lack of a legally established percentage of its income that a charity must spend on actual charity to earn a tax exempt status. Leave it to Bill to find and take advantage of such a loophole. |
| Posted by: Abu Uluque 2016-09-17 12:06 |
| #1 Money laundering pay-for-play criminal enterprise |
| Posted by: Frank G 2016-09-17 10:44 |