The Beau Biden Foundation raked in nearly $4 million in 2020 but only spent some $550,000 on protecting children from abuse - what it states is its mission, according to tax filings.
The Delaware-based foundation pulled in $3.9 million in 2020, including a $1.8 million infusion from The Biden Foundation, according to tax filings. It also took in a $225,000 donation from a top political donor to President Joe Biden, 79.
Despite the extra $2 million, the charity only spent $544,961 toward its mission of protecting children from abuse.
The foundation - which started less than a month after he died in 2015 - only spent about 58 percent of its budget on its mission in 2020, according to CharityWatch, a watchdog group.
The group said top-rated non-profits typically spend around 75 percent the budget on programs.
'A 58 percent program ratio does not reflect a high level of financial efficiency,' CharityWatch Executive Director Laurie Styron told the New York Post.
The foundation did, however, spend almost $1 million, with the majority of it going toward covering several six-figure salaries of those who hold executive spots within the company, according to the filings.
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Any Biden foundation is like the Clinton foundations........milking somebody somewhere!
The Beau Biden Foundation raked in nearly $4 million in 2020 but paid Joe Biden $550,000 to keep him away thus protecting children from abuse! The remaing money was spent as per the Foundations Charter statement indicates: My goal is to provide wayward females, short term accomodations, drugs / alcohol, junk food and an exercise partner!
I can't understand why anyone gives to a [aledged] charity run by de"mock'rats. They are all corrupt, pay themselves and give very little for the charitable work they claim to represent. We ahve heard about these phoney charities over and over and over again; and yet stupid people and corporations donate to them. I would say that is completely beyond my comprehension; but I have a feeling they are courting political favors!
They are all corrupt and must go down
It is long past time to end tax exemptions for all founations, charities, churches. The Reese Commission back in the 50's knew these tax exempt foundations were nothing but a fraud but when his investigation got too close to exposing them the commission was shut down. If an organization is truly about charity, which few truly are, they will get the needed funds they need from private donations. Many of the leaders of these foundations make extremely high salaries with lots of benefits and bonuses. If I were President for 24 hours without any restrictions this would be the first thing I would do. 2nd would be to shut down EVERY federal agency that is not within the enumerated powers of the federal government. 3rd Get the US out of the UN and ALL affiliated agencies 4th...charge Klaus Schwab, Bill Gates, George Soros (strip his US citizenship), joe Biden, Barack Obama, John Kerry, Al Gore and many others with treason for aiding and abetting the enemy that is trying to destroy our country.
Even in death, they are crooked!