by Daveda Gruber:
Former Vice President and the presumptive Democratic Presidential nominee Joe Biden has a cancer charity called the Biden Cancer Initiative and not very much money goes toward eradicating cancer.
The nonprofit organization, which was founded in 2017, spent close to two thirds of the money it has raised toward staff compensation and six-figure salaries for top executives.
Biden created several nonprofits after his Vice Presidency ended. Salaries encompass nearly 65 percent of its total expenditures.
Charity watchdogs recommend that nonprofits spend 25 percent on administrative overhead and fundraising costs combined.
Biden charities spend far more than what is recommended.
Tax forms from 2017 and 2018 show that the Biden Cancer Initiative raised and then spent $4,8 million. More than $3 million of that amount went to salaries, compensation, and benefits.
A mere $1.7 million was spent on all of its other expenses of which $740,000 went to conferences, conventions and meetings.
Charity Navigator, which does analysis of nonprofits, rates charities for effectiveness. They found that mid-to-large-sized nonprofits paid their chief executives an average salary of $126,000 per year. They rate charities well that spend at least 75% of their expenses directly on their programs.
The Biden Cancer Initiative paid its president, Greg Simon, $224,539 in 2017 and $429,850 in 2018.
Put all the number together and eyebrows get raised. Has the Biden cancer charity let associates profit off their access to him?
His cancer charity sure didn’t cure cancer nor did it cut a single grant to any other group or foundation during the two years but some people made rather large salaries.
