The cancer research non-profit that former Vice President Joe Biden created after leaving the Obama administration in 2017 spent two thirds of its money on staff, with top executives getting as much as six-figures, before shuttering.
The Washington Free Beacon
reported on Thursday that the Biden Cancer Initiative directed 65 percent of its total expenditures to staff compensation between 2017 and 2018. Overall, the group raised $4.8 million during the those two years, spending slightly more than $3 million on salaries and benefits for its employees.
“That is well above the 25 percent charity watchdogs recommend nonprofits spend on administrative overhead and fundraising costs combined,” the outlet reported, noting that Biden’s nonprofit “did not cut a single grant to any other group or foundation during its two-year run.”
