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- Oct 7, 2019
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I guess huge salaries for execs is how Crazy Joe thinks you cure cancer.
Biden's Cancer Charity Caught Funneling Millions to Executives
Joe Biden's cancer charity has been caught funneling millions of dollars into the pockets of its executives while doing very little to fight the deadly disease, according to reports.
Since its founding in 2017, financial records have revealed that almost two-thirds of the money spent by the Biden Cancer Initiative went toward six-figure salaries for top executives and staff "compensation."
The figure dwarfs the amount that the "non-profit" group spent on efforts to eradicate cancer.
Despite its seemingly noble clams, however, BCI paid top executives lavishly, with salaries accounting for nearly 65 percent of the organization's total expenditures.
This salary budget far exceeds the 25 percent spend on administrative overhead and fundraising costs combined that charity watchdogs recommend for non-profits.
The nonprofit raised and spent $4.8 million over its two years in operation, its 2017 and 2018 tax forms show, according to the Washington Free Beacon.
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.
Biden's Cancer Charity Caught Funneling Millions to Executives
Joe Biden's cancer charity has been caught funneling millions of dollars into the pockets of its executives while doing very little to fight the deadly disease, according to reports.
Since its founding in 2017, financial records have revealed that almost two-thirds of the money spent by the Biden Cancer Initiative went toward six-figure salaries for top executives and staff "compensation."
The figure dwarfs the amount that the "non-profit" group spent on efforts to eradicate cancer.
Despite its seemingly noble clams, however, BCI paid top executives lavishly, with salaries accounting for nearly 65 percent of the organization's total expenditures.
This salary budget far exceeds the 25 percent spend on administrative overhead and fundraising costs combined that charity watchdogs recommend for non-profits.
The nonprofit raised and spent $4.8 million over its two years in operation, its 2017 and 2018 tax forms show, according to the Washington Free Beacon.
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.
Biden's Cancer Charity Caught Funneling Millions to Executives
Almost 65 percent of the Biden Cancer Initiative's money went into staffers' pockets - Joe Bidens cancer charity has been caught funneling millions of dollars into the pockets of its ... | NEON NETTLE
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