If you read the recommendations, you shouldn’t contribute to a charity that gives less than 75% of its collected funds to the actual charity it supposedly represents. Spending more than 25% of donated funds on overhead is considered excessive and a charity to be avoided.
So, it should come as a surprise that the charity called “The Clinton Foundation” gives only 5.7% of collected funds to actual charity. The rest go to things like paying Chelsea $6 million per year and buying her $10 million NY apartment.
According to Daily Caller:
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).
Could you imagine if it were announced that a Trump charitable foundation spent only 5% of its collected funds on charity? There would be massive calls for indictments and certainly calls for him to drop out of the Presidential race.
However, the Clinton Foundation, whose founders are Bill and Hillary, apparently get a pass for running a corrupt, self-serving pay-to-play institution. Perhaps the press would be better used covering such corruption than worry about who Donald Trump may have offended.
What do you think? Leave a comment with your thoughts below.