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Clinton Foundation is spending 78 percent of the money on administrative costs


               
2016 Jul 11, 9:15am   2,955 views  10 comments

by zzyzzx   follow (9)  

http://www.breitbart.com/2016-presidential-race/2016/07/11/clinton-charity-spends-nearly-80-percent-administrative-costs/

The Canadian affiliate of the Clinton Foundation is spending an astounding 78 percent of the money it raises on administrative costs, according to the Globe and Mail.
The Clinton Giustra Enterprise Partnership (CGEP) spent nearly 8 dollars for every 10 that it raised on salaries, office supplies, expenses, salaries and consulting fees, according to filings with the Canada Revenue Agency. The charity only spent 22 percent on “charitable programs.

The CGEP was set up by Canadian mining investor Frank Giustra, who is one of the largest contributors to the Clinton Foundation and a frequent traveling partner with Bill Clinton. Most of the funding has come from mining executives and companies. The CGEP was primarily set up so that Canadians contributing to the Clinton Foundation would receive a tax deduction in Canada.

This is not the first time CGEP has been in the headlines. The Canadian charity has also served as a conduit for undisclosed donations flowing to the Clinton Foundation. Frank Giustra admitted in 2015, after the publication of Clinton Cash, that there were more than 1,000 undisclosed donations to the Clinton Foundation. Many of those had come via CGEP.

Hillary Clinton promised the U.S. Senate Foreign Relations Committee during her confirmation hearings to be Secretary of State that the Foundation would disclose all of its donors. Clinton Foundation also executives signed a Memorandum of Understanding with the Obama White House promising the same in late 2008.

Giustra has figured in several stories involving the Clinton Foundation and foreign financial deals. Giustra was involved in a small Canadian uranium company that received a lucrative uranium concession in Kazakhstan after Bill Clinton visited the country with him in 2005. The company was later sold to the Russian government in a deal which needed approval from Hillary Clinton's State Department.

#politics #hillary #corruption

Comments 1 - 10 of 10        Search these comments

1   FNWGMOBDVZXDNW   2016 Jul 11, 9:20am  

When the red cross does blood drives, what percentage of total expenditures are for salaries, supplies, and space rental?

2   Tenpoundbass   2016 Jul 11, 9:21am  

So basicly they are saying the Saudi's have been paying their salaries since 2012.

3   FNWGMOBDVZXDNW   2016 Jul 11, 9:29am  

Ironman says

What the fuck is wrong with you?

I have a functioning brain and realize that like the Red Cross, the Clinton foundation does work first hand rather than acting as a grant distribution agency.

4   HEY YOU   2016 Jul 11, 9:43am  

Clinton Foundation throwing away money.
Rep/Cons throw away American lives
on 9/11 & Iraq WMD but didn't waste any money,no funding
for their killing.
I will continue to point out stupidity. Too bad STUPID can't be fixed.

Another thread destroyed by HEY YOU.

5   HEY YOU   2016 Jul 11, 9:46am  

YesYNot,
Your banned!
We'll not be having any "functioning brain" on patnet.

6   Ceffer   2016 Jul 11, 10:11am  

And the other 22 percent is for booze and hookers.

7   RWSGFY   2016 Jul 11, 11:21am  

Seems in line with majority of charities.

8   FNWGMOBDVZXDNW   2016 Jul 11, 11:52am  

Ironman says

Bill, Hillary and Chelsea only want to fly First Class on their own chartered jets, stay at the best hotels and eat at the best restaurants

You claim to know basic math, but lets figure out how much per day that is. In 2013, they spent 85 million. If the Clintons spent this on themselves for personal travel, they would be spending $230K per day. What do you think they are doing with this money?

9   RWSGFY   2016 Jul 11, 11:54am  

YesYNot says

If the Clintons spent this on themselves for personal travel, they would be spending $230K per day. What do you think they are doing with this money?

Living high on the hog.

10   lostand confused   2016 Jul 11, 11:58am  

Is Clinton still giving money to the energizer bunny?

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