“Biden Cancer Initiative” Spent 65% of Their Funds on Staff Compensation
It’s looking like the Biden Cancer Initiative is just as competent in handling donor money as the Clinton Foundation.
According to reporting from the Washington Free Beacon’s Joe Schoffstall:
One of several nonprofits Joe Biden created following his tenure in the White House, the Biden Cancer Initiative paid top executives lavishly, with salaries comprising nearly 65 percent of its total expenditures. That is well above the 25 percent charity watchdogs recommend nonprofits spend on administrative overhead and fundraising costs combined.
The group spent far less on efforts to eradicate cancer.
The nonprofit raised and spent $4.8 million over its two years in operation, its 2017 and 2018 tax forms show. Slightly more than $3 million of that amount went to salaries, compensation, and benefits. At the same time, the group spent just $1.7 million on all of its other expenses. A bulk of this cash—$740,000—was poured into conferences, conventions, and meetings. It did not cut a single grant to any other group or foundation during its two-year run.
According to Charity Navigator, mid-to-large-sized nonprofits pay their chief executives an average salary of $126,000. By contrast, the Biden Cancer Initiative’s President Greg Simon earned $429,850 in 2018. The initiatives Vice President Danielle Carnival earned $391,897 from 2017 through 2018.
During its second year in operation, the initiative added others to its payroll, including director of communications Cecilia Arradaza (who was paid $171,012), director of engagement Lisa Simms Booth ($197,544), and director of science policy Catherine Young ($170,904).
In other words, while they weren’t compensated as handsomely as they would’ve been had they chose to work for Burisma instead, they were compensated handsomely nonetheless.