Posted on 09/16/2016 7:27:44 PM PDT by Mr. Mojo
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).
“other expenses”..?? UMMMhhHHmmmmm
Bravo! Splendid! So generous. So humanitarian.
But henchmen such as James Carville have come out of the woodwork, and told us that people will die without the Clinton foundation and all their humanitarian work.
If the Clinton foundation saves so many lives, wouldn’t they want to compound that by giving much more of their money to true charitable causes, as opposed to administration or overhead?????
You know what they say: “The Lord helps those who help themselves. Charity begins at home. Home is where the heart is.” And the Clinton’s heart and soul are in that “foundation” of theirs.
“Another $50.4 million was marked as “other expenses,”
And their NOT being audited?
The system is really really rigged.
bttt
Well, that's good news. The IRS's reputation for probity and incorruptibility is right up there with the FBI's. OK, bad news, then.
I bet those ‘charitable grants’ were to entities where the money, like sleight-of-hand, just circles right back into the Clinton Foundation.
with interest.
@ $172,000,000 x 5% max, that’s quite a profit.
Good point. How many NGOs/501c(3)s or 4s cycle right back to Clinton?
The Clintons are the Irish Travelers of the charitable world. I can forsee Chelsea’s children becoming Clinton Foundation employees.
They run their foundation the same way they run their personal lives. What’s the big deal?
The Clinton Crime Syndicate: a facade built to be .0001 millimeter under criminal investigation. It is not about “initiatives,” “stronger together” or anything else. It is about the raw abuse of selfish ambition and power. They take everyone for fools and Hildabeast has met her match. Go home to your “husband” Hildabeast, you will never be president.
So is Chelsea Clinton’s $10 million apartment an “affordable housing project” of the Foundation?
“...Another $50.4 million was marked as “other expenses,”...”
Sounds like their accountant took some of the same business courses I did .... when you couldn’t account for or balance you just lumped it into “Misc. or Other Expenses” ... (PS it was a joke .... we had to find it, account for it and balance).
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.