Clinton Foundation Spent Less Than 6 Percent On Charitable Grants In 2014
The Clinton Foundation spent less than 6 percent of its budget on charitable grants in 2014, according to documents the organization filed with the Internal Revenue Service (IRS) in 2015.
During the 2014 tax year, 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 group’s tax filings show. The Clinton Foundation raised nearly $178 million in 2014. The organization’s charitable grants also declined significantly when compared to its donations in 2013. Compared to its 2013 charitable grants of $8.8 million, the Clinton Foundation’s grants in 2014 declined by more than 40 percent, even as its revenue over the same period increased by 20 percent. According to the tax filings, the Clinton Foundation is currently sitting on $354 million in assets, including $125 million in cash or cash equivalents and $108 million in property or equipment.
The Clinton Foundation’s three 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,” hardly a portrait of the kind of charitable work that directly impacts the lives of the needy.They blow a cool $23 million to fund a party for rich people once a year.
So this is why Hillary is charitable and Trump is greedy? Get real. They are birds of a feather.
No comments:
Post a Comment