The Beau Biden Foundation raised about $ 4 million in 2020 but spent only $ 550,000 to protect children from abuse – according to the tax filing.
According to the tax filing, the Delaware-based foundation raised 3.9 million in 2020, including $ 1.8 million in infusions from The Biden Foundation. It also received a 225,000 grant from President Joe Biden, 79, a top political donor.
Despite the additional 2 million, the charity spent only $ 544,961 to protect children from abuse.
The foundation – which began less than a month after his death in 2015 – spent about 58 percent of its budget on missions in 2020, according to CharityWatch, a watchdog group.
The group says top-rated nonprofits typically spend about 75 percent of their budgets on programs.
“A 58 percent program ratio does not reflect a high level of financial efficiency,” Laurie Styron, executive director of CharityWatch, told the New York Post.
According to the filing, however, the foundation has spent about $ 1 million, most of which is going to cover several six-figure salaries of biden cronies who have executive spots within the company, according to the filing.
Post Biden Family Scam first appeared in Populist Press © 2022.