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Posted on 07/11/2016 9:27:34 AM PDT by COUNTrecount
The Canadian affiliate of the Clinton Foundation is spending an astounding 78 percent of the money it raises on administrative costs, according to the Globe and Mail.
The Clinton Giustra Enterprise Partnership (CGEP) spent nearly 8 dollars for every 10 that it raised on salaries, office supplies, expenses, salaries and consulting fees, according to filings with the Canada Revenue Agency. The charity only spent 22 percent on “charitable programs.”
The CGEP was set up by Canadian mining investor Frank Giustra, who is one of the largest contributors to the Clinton Foundation and a frequent traveling partner with Bill Clinton. Most of the funding has come from mining executives and companies. The CGEP was primarily set up so that Canadians contributing to the Clinton Foundation would receive a tax deduction in Canada.
CGEP officials defended the amount of money spent on administrative costs.
“These expenditures—far from being overhead—are critical to the operational success of CGEP’s work, and help maximize the impact of CGEP’s programs; ensure that more people are reached; and that these programs are run in an effective way,” they noted in a statement released to the Global and Mail.
CGEP also noted that the staff in Canada (including four full time positions) works on “partnership development and marketing, investor prospecting, and finance.”
This is not the first time CGEP has been in the headlines. The Canadian charity has also served as a conduit for undisclosed donations flowing to the Clinton Foundation. Frank Giustra admitted in 2015, after the publication of Clinton Cash, that there were more than 1,000 undisclosed donations to the Clinton Foundation. Many of those had come via CGEP.
(Excerpt) Read more at breitbart.com ...
Hillary Clinton promised the U.S. Senate Foreign Relations Committee during her confirmation hearings to be Secretary of State that the Foundation would disclose all of its donors. Clinton Foundation also executives signed a Memorandum of Understanding with the Obama White House promising the same in late 2008.
They use a helluva lot of paper clips. Nothing to see here, folks, move along.
since when did hookers and hush money count as “administrative costs”?
Quelle surprise!
I’m surprised it’s that low of a percentage.
Mao looking pant suits cost a lot of money...
The opinion leaders of the global community can not conduct their transformative guidance without having all the necessary accommodations at their fingertips. You can’t expect the people who are giving of so much of their time and talents to bring change to the world to do so inadequately fed, inadequately housed and without the best available intercontinental transportation. Not to mention the need for a number of essential staff, at a ratio of approximately 30 for each of this irreplaceable individuals.
The Clinton Crime Family Slush Fund is where ALL the SCANDALS are!!! HELLO, FBI....you incompetent, corrupted crooked agency.
They glommed onto this Canadian Charity because in Canada you don’t have to DISCLOSE where the money comes from!!!
They aren’t interpreting “administrative costs” correctly. 100s of global first-class flights and 5-start hotel stays are required to build a well in Africa. You’re part of the VRWC if you call those “administrative costs”.
Hey, getting all that dough kept hidden takes a lot of overhead..................
I agree - totally misclassified expenditures! It should be:
Hookers = "Meals and Entertainment" (only a 50% deduction)
Hush Money = "marketing costs" (keep the bad news down)
Simple!
Bad, probably SOP/role model for most called charities in America run by liberals.
Liz and I have been posting for over a decade about how most liberal so called charities raise funds to pay the staff of these charities and to fund liberal candidates at local, state and national levels.
The Clinton foundation is the premier example of the corruption in liberal charities and the role model for liberal charities.
Those Post It Notes are as valuable as Gold.
Don’t get me started on Gel Pens, they are as rare as Diamonds.
Well with three co-ceo’s I can understand what with all the stress and pressure they’re under. ‘Specially scupper lip having two children to have a nannie raise. Granny’s busy.
A pig eventually turns into a pork chop. President Trump will bring an abrupt end to these slimy crooks, Bill & Hillary.
Recent articles here reported 96 percent for the clintons and only four percent for charity (condoms in Africa?) we think that was the USA “charity”?
That is what they are reporting. A whole lot less in reality I bet. Mob bosses don’t get rich giving money away.
What percentage is ‘administrative’ (read fat salaries) for other Democrat, liberal, progressive and green non-profits?
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