Despite losing his own son to cancer and vowing to cure cancer, it appears presumptive Democrat presidential nominee Joe Biden has done virtually nothing for the cause save for the lining of pockets of top executives who staff his fancy cancer-themed nonprofit.
“One of several nonprofits Joe Biden created following his tenure in the White House, the Biden Cancer Initiative paid top executives lavishly, with salaries comprising nearly 65 percent of its total expenditures,” the Washington Free Beacon reported Thursday.
“That is well above the 25 percent charity watchdogs recommend nonprofits spend on administrative overhead and fundraising costs combined.”
BCI was reportedly an offshoot of the Obama administration’s Cancer Moonshot Initiative.
Before suspending its operations this year because of Biden’s presidential campaign, BCI reportedly raised $4.8 million 2017 and 2018 combined. However, over $3 million of the raised funds went to paying “salaries, compensation, and benefits,” while $740,000 went toward funding “conferences conventions and meetings.”
Meanwhile, the nonprofit reportedly never once “cut a single grant to any other group or foundation during its two-year run.”
— Herbert Reed (@Herbert_L_Reed) June 12, 2019
According to the Beacon, the charity’s spending habits raise many questions.
“An analysis of nonprofits by Charity Navigator, which rates charities for effectiveness, found that mid-to-large-sized nonprofits paid their chief executives an average salary of $126,000 per year — far less than what the Biden Cancer Initiative paid its president, Greg Simon, who pocketed $224,539 in 2017 and $429,850 in 2018,” the outlet reported.
“Charity Navigator’s primary criterion for rating charities is whether they ‘spend at least 75% of their expenses directly on their programs.’”
Yet in BCI’s case, it’s not clear that a single dollar was spent on actually helping people.
These findings by the Beacon add to the litany of already known evidence pointing to the whole Biden family being greedy Democrats in it solely for the money.
“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,” the Beacon noted. “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.”
But there’s more.
Last year Politico revealed that Biden’s brother James had touted BCI in an investment pitch.
🛑 BizPac Review News 🛑
👉 Another Biden scandal: Brother promises Cancer Initiative to promote products https://t.co/1NfFy8YgBC
— ❌nuuzfeed (@nuuzfeed) September 26, 2019
“Joe Biden’s brother told executives at a healthcare firm that the former vice president’s cancer initiative would promote their business, according to a participant in the conversation, who said the promise came as part of a pitch on behalf of potential investors in the firm,” the outlet reported.
“The allegation is the latest of many times Biden’s relatives have invoked the former vice president and his political clout to further their private business dealings.”
Indeed, though nobody could have predicted that even a nonprofit ostensibly designed to cure cancer would wind up being caught up in the Biden family’s shady dealings as well.
Now fast-forward to this past March, when word emerged that the FBI had raided one of James’ businesses in January.
“The raid of an Americore Health hospital represented a deepening of the legal morass surrounding James Biden’s recent venture into health care investing at a time when questions about the business dealings of Joe Biden’s relatives, and their alleged connection to the former vice president’s public service, continue to dog his presidential campaign,” Politico reported.
“In the weeks since the raid, two small medical firms that did business with James Biden have claimed in civil court proceedings to have obtained evidence that he may have fraudulently transferred funds from Americore “outside of the ordinary course of business,” and a former Americore executive has told POLITICO that James Biden had more than half a million dollars transferred to him from the firm as a personal loan that has not yet been repaid.”
— Bo Snerdley (@BoSnerdley) March 9, 2020
All these findings fit an inexorable pattern that’s emerged of members of the Biden family, including the former VP himself, always trying to benefit financially from his contacts in the political realm.
In fact, according to the Beacon, “Many of the health companies that Biden touted during his time with the nonprofit [BCI] have financial and regulatory interests with the federal government.”
That doesn’t seem like a coincidence.
The Beacon further noted that the nonprofit’s top two executives, Greg Simon and Danielle Carnival, previously worked for former President Barack Hussein Obama’s administration as members of his Cancer Moonshot program.
Simon and Carnival earned, respectively, a combined $654,389 and $391,897 in 2017 and 2018 working for BCI.
Author: Vivek Saxena