9/16/16 Daily Caller:
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.What a shocker! I do not contribute to charities where less than 80% of incoming funds are used for the stated goal--which limits a bit who gets money from me. Many of the telemarketers who call up to ask for contributions to groups that purport to help peace officers are like the Clinton Foundation with most of the money paying staff and telemarketers. I remember some years ago looking at much of the federal government's help to the poor was actual payments to the poor and surprise, surprise! More than half was spent on administration. As Milton Friedman once pointed out, if you ask college-educated people to design a system to help the oor, the major beneficiaries are the college-educated people who staff the system.
Read more: http://dailycaller.com/2016/09/16/just-5-7-percent-of-clinton-foundation-budget-actually-went-to-charity/#ixzz4KW9yZZqu
Of course, to progressives, this level of funding to charitable action is okay because "They mean well." Progressivism is mostly about feeling morally superior to others, so failure to work is not a problem.
The Clintons assert that is because most of their money goes directly to people doing the charitable work--aid workers in Africa etc. rather than going out in grants.
ReplyDeleteThen again Bill Clinton asserted he did not have sex with that woman, and Hillary...she's asserted lots of things that ain't so.
It's a bit more evil in this case, for these "charities" are clearly a place to keep Clinton machine people on the bench between political campaigns and more direct patronage jobs those can provide during them, and if successful.
ReplyDeleteAnd now that I think about it, I have no doubt a bunch of them were working on the next political campaign while ostensibly doing charity work.