According to a new report by the Washington Free Beacon, the vast majority of the money amassed by the Biden Cancer Initiative went to enriching its executives rather than lifesaving medical research.
The organization is one of several nonprofits founded by Biden following his last day in the White House. Its executives received 65 percent of its payments. Charity watchdogs consider it suspect to give more than 25 percent of total expenditures to executives.
Per the Washington Free Beacon:
The nonprofit raised and spent $4.8 million over its two years in operation, its 2017 and 2018 tax forms show. Slightly more than $3 million of that amount went to salaries, compensation, and benefits. At the same time, the group spent just $1.7 million on all of its other expenses. A bulk of this cash—$740,000—was poured into conferences, conventions, and meetings. It did not cut a single grant to any other group or foundation during its two-year run.
An analysis of nonprofits by Charity Navigator, which rates charities for effectiveness, found that mid-to-large-sized nonprofits paid their chief executives an average salary of $126,000 per year—far less than what the Biden Cancer Initiative paid its president, Greg Simon, who pocketed $224,539 in 2017 and $429,850 in 2018. Charity Navigator’s primary criterion for rating charities is whether they “spend at least 75% of their expenses directly on their programs.”
The Biden cancer group’s financial disclosures may raise new questions about whether the presumptive Democratic presidential nominee allowed associates to profit off their access to him. Before going on to receive six-figure salaries from the Biden Cancer Initiative, Simon and the initiative’s vice president, Danielle Carnival, previously worked for the Obama administration’s Cancer Moonshot program. Biden’s son Hunter received $50,000 a month to sit on the board of Ukrainian energy company Burisma despite an apparent lack of qualifications. James Biden, Joe Biden’s brother, joined a construction firm in 2010 that later won a $1.5 billion contract to build homes in Iraq while Biden oversaw Iraq policy. Biden’s presidential campaign has been plagued with questions about Hunter’s and James’s financial activities.
Simon was only one of several highly paid Biden Cancer Initiative executives. Carnival was also compensated handsomely, collecting a combined $391,897 in 2017 and 2018. Simon and Carnival were the only two individuals paid both years by the nonprofit. During its second year in operation, the initiative added others to its payroll, including director of communications Cecilia Arradaza (who was paid $171,012), director of engagement Lisa Simms Booth ($197,544), and director of science policy Catherine Young ($170,904).
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Oh, you mean that little pesky fact that corrupt hiden biden is pocketing all the money? Yep, typical democrat charity scam!
Much bigger scam is coming. This November I predict that the Democrats will MANUFACTURE more than 13 million fraudulent votes. So many precincts will have more votes cast than they have registered voters. And McConnell will say nothing. And Cornyn will say nothing. And John Roberts will say nothing.
Any guess as to why? THEY BELONG TO ONE WORLD ORDER. They sold their souls.
Surprised?
Well it looks like we can add Thief to Biden’s other Accomplishments along with Pedophile in Waiting, Groper and Grabber, Sniffer of Hair , Uninvited Whisperer ,Invader of “Personal Space”
Inappropriate touching, Unwanted Attention and All around Creator of “Uneasy feelings” toward women of all descriptions ! And he wants to be President , Laughable to say the least !
This is small potatoes compared to the Clinton Foundation handling of funds for Haiti. And where are the investigative journalists who should be digging for the truth —– to find out where that money is????
If this surprises you I have severe doubts that your IQ is even as high as your shoe size.
Carrier politicians are a cancer.
What else is new. Biden has been a politician his entire life and never did anything constructive and is continuing to practice that move.
Somebody that knows “What’s really going on”! Dems have a pattern. Go to law school, next get a govt. job, like “Community Organizer”. Next, get into the Chicago Machine, and on to Governor of Illinois. Most serve two “Terms”, one as Governor, then one in prison. Or straight to POTUS like Barry Soetoro did. Hillary and many other “Career Politicians” go this same basic path. Pelosi? What has she accomplished for the USA? Nothing! Just “Sending money to San Fran”. Did you know we spent $5.7 million just to haul her back and forth to D.C.??? I read her schedule, usually flies to D.C. Monday evening, and back home Thursday evening! Let her pay for her own aircraft? Pelosi’s only are worth $140 million.
He must have taken his ideas for a non profit from Clinton. She spent less than 5% of the money her non profit made on charity.
I’m shocked, SHOCKED to learn that the top “executives” at the “Biden Cancer Initiative” made most of the $$$ in SALARY that was supposedly earmarked for cancer research…………… NOT! With a biden at the helm, would we really expect less; “quid pro JOE” at it’s worst! Not surprising that his brother gets hired by a company to build houses in Iraq, and lo and behold, that company wins a $1.5 BILLION contract; when I grow up, I wanna be a relative of “quid pro” so I can ENRICH myself at the taxpayers’ expense!