From The Federalist has the numbers and it doesn't look good:
In 2013, The Clinton Foundation Only Spent 10 Percent Of Its Budget On Charitable Grants
Hillary Clinton's non-profit spent more on office supplies and rent than it did on charitable grants
After a week of being attacked for shady bookkeeping and questionable expenditures, the Clinton Foundation is fighting back. In a tweet posted last week, the Clinton Foundation claimed that 88 percent of its expenditures went “directly to [the foundation’s] life-changing work.”
There’s only one problem: that claim is demonstrably false. And it is false not according to some partisan spin on the numbers, but because the organization’s own tax filings contradict the claim.
And the upshot:
If you take a narrower, and more realistic, view of the tax-exempt group’s expenditures by excluding obvious overhead expenses and focusing on direct grants to charities and governments, the numbers look much worse. In 2013, for example, only 10 percent of the Clinton Foundation’s expenditures were for direct charitable grants. The amount it spent on charitable grants–$8.8 million–was dwarfed by the $17.2 million it cumulatively spent on travel, rent, and office supplies. Between 2011 and 2013, the organization spent only 9.9 percent of the $252 million it collected on direct charitable grants.
it will be interesting to see how many donors back away from the Clintons now that this has come to light...
A tip of the Stetson to Maggie's Farm.
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