FEDERALIST: CLINTON FOUNDATION IS A FRAUD; VERY LITTLE $$$$ GOES TO PROJECTS
Reacting to attacks on the Clinton Foundation, its defenders have cited the wonderful charitable works the organization performs. But an examination of the Foundation’s 2013 tax return, by federalist.com indicates that only 10% of its budget went directly to grants tofulfill its charitable purposes.
According to the Federalist, the Foundation spent:
CLINTON FOUNDATION SPENDING, 2013
Charitable Grants 10%
Office Supplies 6%
IT Services 2%
Salaries, Benefits 33%
Other Expenses 34%
In other years, the Foundation spent more on grants. In 2008, for example, it spent nearly $100 million purchasing and distributing medicine to needy people. But, by 2011, those activities amounted to only $1.2 million and, by 2012 and 2013, the Foundation spent nothing on these activities.
According to charitynavigator.org, seven out of ten charities spend at least 75% of their funds on the programs and services they exist to provide. Nine of ten spend two-thirds of their funds on these purposes.The ten percent figure in the Clinton Foundation is absurd.
What do they do with the money? They underwrite Bill’s travel (and now Hillary’s). They presumably provide them with staff without their having to use campaign funds for it. They pay for all of the Clinton’s lavish Foundation events. By the way, one thing you will never see on the Clinton’s tax returns is entertainment expenses. They never personally pay for any of it. And the Foundation maintains a 4000 square foot apartment for the Clintons in Little Rock.
Of course, the Foundation revenue stream is quite apart from the personal funds that flow to the Clintons from their speeches, all of which goes into their joint bank accounts. But many of the Foundation donors also find a way to give the Clintons personal money by paying exorbitant speaking fees.
So lets hear no more about the Foundation’s alleged good works.