Just 5.7 Percent Of Clinton Foundation Budget Actually Went To Charitable Grants
Just 5.7 Percent Of Clinton Foundation Budget Actually Went To Charitable Grants
PETER HASSON
Reporter, Associate Editor
6:36 PM 09/16/2016
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Hillary Clinton attends the September 11 Commemoration Ceremony at the National September 11 Memorial Museum (Getty Images)
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.”
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.”
(RELATED: Clinton Foundation Deceived IRS On Tax Exemption From The Start)
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).
Follow Hasson on Twitter @PeterJHasson
Read more: http://dailycaller.com/2016/09/16/j...udget-actually-went-to-charity/#ixzz4LcKckOqO
Read more: http://dailycaller.com/2016/09/16/j...udget-actually-went-to-charity/#ixzz4LcKBT1sw
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