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Just 5.7 Percent Of Clinton Foundation Budget Actually Went To Charity

 
Peter Hasson
Reporter, Associate Editor
 
 

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.” (RELATED: Clinton Foundation Deceived IRS On Tax Exemption From  The Start)

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).

Read more:  http://dailycaller.com/2016/09/16/just-5-7-percent-of-clinton-foundation-budget-actually-went-to-charity/#ixzz4KSlLrED1

 

 

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