Wednesday, March 30, 2022

Report: Biden Foundation Named After Beau Was Supposed to Help Kids, But Here's What Happened Instead; Beau Biden Foundation Rakes in Millions, Spends Fraction on Kid Programs

Biden Foundation Named After Beau Was Supposed to Help Kids, But Here's What Happened Instead: Report
A foundation named for President Joe Biden’s late son Beau is spending far less than what a top charity watchdog says should be spent on its mission.
The Beau Biden Foundation for the Protection of Children took in $3.9 million in 2020, but spent far less than that on children, according to the New York Post.
CharityWatch, a watchdog group, says top-rated nonprofits put at least 75 percent of what they collect into programming.
The Beau Biden Foundation used 58 percent of its funding, $544,961, for actual programs.
“A 58 percent program ratio does not reflect a high level of financial efficiency,” said Laurie Styron, the executive director of CharityWatch. --->READ MORE HERE
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Beau Biden Foundation rakes in millions, spends fraction on kid programs:
The Beau Biden Foundation for the Protection of Children raked in $3.9 million in 2020, but spent only a fraction of that on its purported mission to help kids, The Post has learned.
The Delaware-based charity, which was started in honor of President Biden’s late son, got an infusion of $1.8 million from the Biden Foundation before that group shut down in 2020, according to the charities’ latest tax filings. The Biden Foundation was started by Joe Biden and his wife, Jill Biden, to champion “progress and prosperity for American families.”
The Beau Biden charity also took in $225,000 from entities tied to a top political donor and bundler to President Biden.
Despite the $2 million-plus windfall, the organization put only $544,961 in 2020 toward its stated purpose of protecting children from abuse, according to tax filings.
The charity spent a total of $932,865 that year, with a large chunk of it going to the six-figure salaries of Biden cronies who held executive jobs at the non-profit.
Patricia Dailey Lewis, who served as Delaware deputy attorney general under late AG Beau Biden, runs the non-profit and was paid $150,660 in 2020, including a $3,500 bonus.
Joshua Alcorn, a longtime Democratic operative and consultant on both Beau Biden’s and Joe Biden’s political campaigns, served as COO and was paid $131,437. He has since stepped down. --->READ MORE HERE
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