Clinton Foundation Spent Less Than 6 Percent On Charitable Grants In 2014

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 tax records, which were filed with the IRS in November of 2015, show that the Clinton Foundation spent far more on overhead expenses like travel ($7.9 million) than it did on charitable grants in 2014. The group also spent more on rent and office supplies (a total of $6.6 million) than it did on charitable grants. The Clinton Foundation’s IRS forms show that even its depreciation expense ($5.3 million) — an accounting classification that takes into account the wear and tear of an organization’s assets — exceeded the tax-exempt organization’s charitable grant outlays.

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So in 2014 the Clinton Foundation paid out less than 6% on charitable donations - or only $5.2 million dollars. Total expenditures, including the $5.2 million, totaled a whopping $91.2 million dollars.

Of that amount, and reminding you they shelled out only $5.2 million in charity -
* - Travel expenditures - $7.9 million
* - Rent / office supplies - $6.6 million
* - Depreciation expense - $5.3 million.

Comparing expenditures from 2013 to 2014 -
* - Charitable grants decreased in 2014 compared to 2013 by 40%.
* - Revenue raised in 2014, compared to 2013, increased by 20%

How much did the charity bring in for 2014?
* - $178 million

What does the foundation have in the bank?

$354 million in assets, including $125 million in cash or cash equivalents and $108 million in property or equipment.

The largest "charitable donation" made was to Alliance for a Healthier Generation (AHG). They "donated" a total of $2 million. The issue? It's a joint venture tat includes the Clinton Foundation.

Even worse -

founded by the Clinton Foundation and the American Heart Association. Bruce Lindsey, the board chairman for the Clinton Foundation in 2014, also served on AHG’s board that year, according to the organization’s 2014 tax filings. Of the $16.3 million AHG organization spent in 2014, only $349,022, or 2.1 percent, was spent on charitable grants, the group’s tax filings show.

The remainder of the "donations" -

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. Other charitable grants from the Clinton Foundation included $200,000 for the Tiger Woods Foundation and $37,500 for the Sesame Workshop in New York City.

The Clinton Foundations "explanation / excuse" -

Clinton Foundation defenders say the total amount of its charitable grants is irrelevant and argue that the bulk of the Clinton Foundation’s charitable work is done by salaried employees. A review of the organization’s tax filings and statements from its own executives about the group’s “commercial proposition,” however, suggests that this may not be the case.

This ranks up there with the Clintons personally donating to their own charity and taking the tax write off. Even a former employee has issues with the Clinton Foundation shenanigans -

Ira Magaziner, a top former Clinton Foundation executive, also explicitly rejected that the group’s climate change activities were charitable in nature. “This is not charity,” Magaziner told The Atlantic in 2007. “The whole thing is bankable. It’s a commercial proposition.”

How these people are not in prison befuddles the imagination.

a reply to: Xcathdra

How these people are not in prison befuddles the imagination.

So;
a) you are easily befuddled
b) you lack imagination
c) you have no understanding of non/not for profits.


Got any tax info on Trumps charitable contributions? Other than those to attorneys general?

a reply to: Xcathdra

You do know the alt right news entertainment just make stuff up right?

To be in prison requires a conviction in court, not slanted political opinions??

a reply to: Phage

You're on a roll tonight huh?

This about sums it up,

originally posted by: Phage

So;
a) you are easily befuddled

Nope.

originally posted by: Phage
b) you lack imagination

Nope but I prefer facts.

originally posted by: Phage
c) you have no understanding of non/not for profits.

Actually I do.

Any other incorrect assumptions you would like to make?

originally posted by: Phage
Got any tax info on Trumps charitable contributions? Other than those to attorneys general?

Not yet.. When it comes out im sure someone on the left will leak it.

a reply to: Abinkadoo
If you mean pointing out wants in critical thinking...always.

originally posted by: WilburnRoach
a reply to: Xcathdra

You do know the alt right news entertainment just make stuff up right?

To be in prison requires a conviction in court, not slanted political opinions??

Tel that to the IRS and Clinton Foundation, who supplied the info to the IRS and who published the tax documents,

a reply to: Xcathdra

Actually I do.

Then, please, point out the illegal (jailable) aspects of what you quoted.

originally posted by: Abinkadoo
a reply to: Phage

You're on a roll tonight huh?

That time of the month apparently.

a reply to: Xcathdra
Aaooooo!

originally posted by: Xcathdra

originally posted by: Abinkadoo
a reply to: Phage

You're on a roll tonight huh?

That time of the month apparently.

Classy, just like Trump

a reply to: Phage

Foreign donations coming into the Foundation in violation of FEC laws for starters.
Masquerading as a charitable non profit.

a reply to: WilburnRoach

Hypocritical.. just like Clinton -

I could always lie and blame you for Phages response.. just like Hillary would.

a reply to: Xcathdra
Foreign donations to a non profit are illegal?

Masquerading as a charitable non profit.

You have not proven such a masque. Nor, apparently, has anyone.

originally posted by: WilburnRoach
a reply to: Xcathdra

You do know the alt right news entertainment just make stuff up right?

To be in prison requires a conviction in court, not slanted political opinions??

Fairly easy to find this information out via a Freedom of information request it is not classified (At the moment).

Indeed but how do you convict the untouchables??, how many people have a outside vested interest in the foundation?.

...


At this moment Hillary is a politician Trump is not, that makes it a massive deal. I also find this absurd, including $125 million in cash or cash equivalents and $108 million in property or equipment. ...

The foundation is not something I have looked into yet but with the information given it is fairly obvious that it is a racket, no different than dirty Dave having a Barber shop front with a whorehouse out the back..


RA

a reply to: slider1982

At this moment Hillary is a politician Trump is not

The moment Trump threw his hat into the ring he became a politician.

originally posted by: Phage
a reply to: Xcathdra
Foreign donations to a non profit are illegal?

Masquerading as a charitable non profit.

You have not proven such a masque. Nor, apparently, has anyone.

Here is the start of the question of their status -
Clinton Foundation IRS inquiry involves charity's legal status

The IRS has an investigation as well not only into their status but pay to play mess as well.

a reply to: Xcathdra

The IRS has an investigation as well not only into their status but pay to play mess as well.

Awesome.

I'm glad that you have already decided that she should be in jail.

originally posted by: Xcathdra
a reply to: WilburnRoach

Hypocritical.. just like Clinton -

I could always lie and blame you for Phages response.. just like Hillary would.

Still waiting for Trumps tax returns. Are you?