NEW YORK CITY, New York, US (sentinel.ht) – The Clinton Foundation spent less than 6 percent of its budget on charitable grants in 2014 and less than 10% the year prior, according to documents the organization filed with the Internal Revenue Service (IRS).
— Metanoia (@BobTolin) October 31, 2016
Some of the foundation’s overhead “charitable” expenses that exceeded grants in 2014 were travel ($7.9 million), office supplies ($6.6 million), and depreciation of assets ($5.3 million). The tax-exempt foundation spent a total of $91.2 million, but less than $5.2 million of that money, or 5.7 percent, was granted to charitable organizations. The Clinton Foundation raised nearly $178 million in that year.
The organization’s charitable grants in 2014 is actually a 40% decline from 2013 where a little less than 10% went to grants although it increased its revenue in ’14 by 20%.
The Clinton Foundation’s largest single charitable grant to an organization not founded by the Clinton Foundation or managed by one of its board members was a $700,000 check to the J/P Haitian Relief Organization, a non-profit founded by actor Sean Penn. That organization reportedly spent more than $126,000 on first-class flights for the actor.
These findings were reported by The Federalist. It also writes that although Clinton Foundation defenders say the bulk of their work is done by salaried employees, it is seen that three of its largest charitable “program service accomplishments,” according to its tax reports, are the Clinton Global Initiative ($23.2 million), the Clinton Presidential Library ($12.3 million), and the Clinton Climate Initiative ($8.3 million).
The Clinton Global Initiative, which exists to organize and produce a lavish annual meeting headlined by former president Bill Clinton, was characterized by the New York Times as a “glitzy annual gathering of chief executives, heads of state, and celebrities.” It was also found out through Wikileaks’ 21st edition of emails from Hillary for America campaign chairman, John Podesta, that former President Bill Clinton secured $99 million on the side through work from his personal assistant, Doug Band.
In another email, Band said there are some 500 conflicts of interest between Clinton and the foundation.