Biden’s shuttered cancer charity raised $4.8 million and spend ZERO dollars on grants

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(AP Photo/Carolyn Kaster)

How much do charity watchdogs recommend nonprofit groups spend on administrative overhead, salaries and fundraising costs?

A modest 25 percent.

The Biden Cancer Initiative, however, one of several nonprofits created by media presidential favorite Joe Biden after he served as Barack Obama’s vice president, spent an astronomical 65 percent of its total outlay just to compensate its top executives, according to the Washington Free Beacon.

Nearly two-thirds of what the Biden Cancer Initiative spent since being founded in 2017 went toward six-figure salaries for top executives. The group spent far less on its loudly stated purpose of eradicating cancer.

The nonprofit raised and spent $4.8 million over its scant two years of existence, 2017 and 2018 tax forms show. Slightly more than $3 million of that amount went to salaries, compensation, and benefits. The group spent just $1.7 million on all other expenses. Some $740,000 was spent on conferences, conventions, and meetings so that its highly paid executives would have things to do.

Not cut a single grant was made to any other group or foundation during those two years.

An analysis of nonprofits by Charity Navigator, which rates the effectiveness of charities, found that similarly sized nonprofits paid chief executives an average of $126,000 per year — much less than what Biden Cancer Initiative President Greg Simon made. Simon pulled down $224,539 in 2017 and $429,850 in 2018.

Charity Navigator’s primary criterion for rating charities is whether they “spend at least 75% of their expenses directly on their programs.”

The Biden cancer group’s financial disclosures may raise new questions about whether the presumptive Democratic presidential nominee allowed associates to profit off their access to him.

Before going on to receive six-figure salaries from the Biden Cancer Initiative, Simon and the initiative’s vice president, Danielle Carnival, previously worked for the Obama administration’s Cancer Moonshot program. Biden’s son Hunter received $50,000 a month to sit on the board of Ukrainian energy company Burisma despite an apparent lack of qualifications. James Biden, Joe Biden’s brother, joined a construction firm in 2010 that later won a $1.5 billion contract to build homes in Iraq while Biden oversaw Iraq policy. Carnival’s pay from the Biden Cancer Initiative was a combined $391,897 in 2017 and 2018.

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