2020 Election
Biden Cancer Nonprofit Paid Its Top Execs Millions. It Spent Little to Eradicate Cancer
Nearly 65 percent of the Biden Cancer Initiative's money went into the pockets of staffers
Joe Schoffstall - June 25, 2020 5:00 AM
Nearly two-thirds of the money the Biden Cancer Initiative spent since its founding in 2017 went toward staff compensation and six-figure salaries for top executives. The group spent far less on efforts to eradicate cancer.
One of several nonprofits Joe Biden created following his tenure in the White House, the Biden Cancer Initiative paid top executives lavishly, with salaries comprising nearly 65 percent of its total expenditures. That is well above the 25 percent charity watchdogs recommend nonprofits spend on administrative overhead and fundraising costs combined.
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.
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https://freebeacon.com/2020-election/biden-cancer-nonprofit-paid-its-top-execs-millions-little-on-mission-to-eradicate-cancer/
