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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.”
originally posted by: Bluntone22
So they spent over $90 million dollars to give away $5 million.
$85 million wasted.
That sounds just like the kind of people I want running the country.
originally posted by: Bluntone22
So they spent over $90 million dollars to give away $5 million.
$85 million wasted.
That sounds just like the kind of people I want running the country.
“I am not the expert on what portion of the Clinton Foundation activities are truly charitable,” Vince Stehle, executive director of Media Impact Funders and a board member of the Center for Effective Philanthropy told us via email. “But I can say that it is not appropriate to simply calculate that based on what portion goes out in grants. Certainly all types of foundations are able to engage in direct charitable activities in any event.
Daniel Borochoff, president and founder of CharityWatch, told us by phone that its analysis of the finances of the Clinton Foundation and its affiliates found that about 89 percent of the foundation budget is spent on programming (or “charity”), higher than the 75 percent considered the industry standard.
We spoke by phone with Sandra Minuitti at Charity Navigator, and she told us Charity Navigator decided not to rate the Clinton Foundation because the foundation spun off some entities (chiefly the Health Access Initiative) and then later brought some, like the Clinton Global Initiative, back into the fold. Charity Navigator looks at a charity’s performance over time, she said, and those spin-offs could result in a skewed picture using its analysis model. If the foundation maintains its current structure for several years, she said, Charity Navigator will be able to rate it again.The decision to withhold a rating had nothing to do with concerns about the Clinton Foundation’s charitable work. Further, Minuitti said citing only the 6 percent of the budget spent on grants as the sum total spent on charity by the foundation — as Willis and Fiorina did — is inaccurate.
originally posted by: MichiganSwampBuck
I wonder if it is a tax free charity. Who is this charity actually for anyway? The Clinton's?
originally posted by: MichiganSwampBuck
I wonder if it is a tax free charity. Who is this charity actually for anyway? The Clinton's?
The Bill, Hillary & Chelsea Clinton Foundation is a non-profit 501(c)(3) tax-exempt organization.