When I’m wrong, I’m wrong. And I’m man enough to admit it.
During Wednesday night’s debate, HildaBeast claimed that ” 90% of the money donated to the Clinton Foundation is paid out in charity.” I was outraged at that lie. I had always asserted that only 10% actually went to charities. Boy do I have egg on my face now !
As The Daily Caller reports:
Just 5.7 percent of the Clinton Foundation’s massive 2014 budget actually went to charitable grants, according to the tax-exempt organization’s IRS filings. The rest went to salaries and employee benefits, fundraising and “other expenses.”
The Clinton Foundation spent a hair under $91.3 million in 2014, the organization’s IRS filings show. But less than $5.2 million of that went to charitable grants.
That number pales in comparison to the $34.8 million the foundation spent on salaries, compensation and employee benefits.
Another $50.4 million was marked as “other expenses,” while the remaining almost $851K was marked as “professional fundraising expenses.”
Despite taking in an additional $30 million in 2014, the Clinton Foundation spent 40 percent less on charitable grants in 2014 than in 2013. Even as it slashed charitable spending, the foundation increased the amount spent on salaries, employee benefits and compensation by $5 million in 2014. The foundation also spent $5 million more “other expenses” in 2014.
If that’s not bad enough, as The Daily Caller reported last month, the AIDS drugs her “charity” gave out were watered down garbage.
Former President Bill Clinton and his Clinton Health Access Initiative (CHAI) distributed “watered-down” HIV/AIDs drugs to patients in sub-Saharan Africa, and “likely increased” the risks of morbidity and mortality, according to a draft congressional report obtained by The Daily Caller News Foundation.
While Hillary Clinton said she’s “thrilled” to talk about the Clinton Foundation, that’s also a lie, as the foundation was not even mentioned once during the Democratic National Convention earlier this year in Philadelphia.