For years, many politicians and lawmakers wanted to investigate President Donald Trump’s taxes. And it was a major talking point among Democrats heading into the 2020 election.
But if Joe Biden is going to run the country for the next four years, he has to expect some scrutiny as well — especially when it comes to his own business dealings.
And this time, it’s all about Joe and not his son, Hunter.
The Biden Cancer Initiative kicked off in 2017; it was founded by Joe and his wife, Jill, and was created to “develop and drive implementation of solutions to accelerate progress in cancer prevention, detection, diagnosis, research and care…”
That’s according to the group’s IRS mission statement.
Obviously, the implication is that the group wants to fight cancer via research. But based on a new report, something about the flow of cash seems off.
Via The New York Post:
A cancer charity started by Joe Biden gave out no money to research, and spent most of its contributions on staff salaries, federal filings show.
…it gave out no grants in its first two years, and spent millions on the salaries of former Washington, DC, aides it hired.
All told, the charity raked in nearly $5 million ($4,809,619) between 2017 and 2018. And over $3 million ($3,070,301) was evidently spent on payroll.
The group’s President, Gregory Simon, pulled in $429,850 in fiscal year 2018, for example. That’s nearly double his salary from 2017, which came in at $224,529.
Simon is a former Pfizer executive and headed up the White House’s cancer task force under President Barack Obama. Another former Obama staffer, Danielle Carnival, earned $258,207 in 2018 working for Biden’s charity group.
But the costs don’t end there.
According to the report, the charity also spent $59,356 on travel the first year, and $56,738 on conferences. Those numbers ballooned to $97,149 and $742,953 respectively the following year.
As for actual grants given for research, though, the dollar amount is apparently zero.
Now, Simon is on record saying the primary goal of the Biden Cancer Initiative isn’t to hand out grants, but to “find ways to accelerate treatment for all, regardless of their economic or cultural backgrounds.”
And the conferences in question should’ve been for that express purpose, so one could argue in this case, the money is properly spent.
Even so, when most of the funds is spent on salaries, conferences, and travel, one has to wonder what this group is really achieving.
Those who have donated to the initiative will likely want to know how their money is being spent, and this report might not go over well.
It’s certainly true that most businesses spend the bulk of their income on payroll.
But as a charity group, people expect to see some progress, as opposed to a lot of rich executives continually lining their pockets and participating in luxurious travel and conferences.
- The Biden Cancer Initiative pulled in nearly $5M between fiscal 2017 and 2018.
- But a new report shows that over $3M of that money was spent on salaries, conferences, and travel. And none was spent on research or grants.
- Biden may have to answer some difficult questions concerning these numbers if he’s going to be Commander-in-Chief for the next 4 years.
Source: New York Post