Non-profit watchdog organizations consider the Clinton Foundation nothing more than a slush fund to finance the Clinton family’s extravagant lifestyle while avoiding taxes and giving them an excuse to call themselves humanitarians.
Nonprofit experts say a good charity spends 75% of its income on its actual mission, while holding administrative and other costs to 25% or less of its income.
But in 2013, the Clinton family’s mega-charity took in more than $140 million in grants and pledges, but paid out a piddling $9 million in direct aid to charity. Nearly $8.5 million went to travel expenses, including first-class flights for Clinton family members who are not on the payroll.
The rest of the money went to maintain the office and staff, with fat bonuses going to Clinton family friends. The CEO, who worked only 5 months of 2013, raked in $275,000 in salary, benefits and a housing allowance. Nine other executives received salaries over $100,000.
The Clinton Foundation and Bill and Hillary Clinton head to trial January 20, 2016 on charges of racketeering.
Sources:
- http://www.dailymail.co.uk/news/article-3126581/Hillary-Clinton-charged-Boys-Girls-Club-massive-fee-speak-luncheon.html
- http://nypost.com/2015/04/26/charity-watchdog-clinton-foundation-a-slush-fund/
- http://www.washingtonexaminer.com/judge-orders-clinton-foundation-racketeering-case-to-trial/article/2565272
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