Joe Biden’s cancer nonprofit spent more money paying its executives than researching cancer, spending 65% of its total earnings on salaries, compensation, and benefits.
Charity watchdogs recommend spending no more than 25% of earnings on administrative overhead and fundraising efforts combined.
The Biden Cancer Initiative was established in 2017 as a continuation of the Obama Administration’s Cancer Moonshot program. The initiative ran for just over two years, collecting a total of $4.8 million. More than $3 million of that total went to salaries and benefits and $470,000 was spent on conferences, conventions, and meetings.
This leaves little money for cancer research.
According to the nonprofit’s president, Greg Simon (who also worked for the Moonshot program), most of the charity’s efforts to form medical partnerships were “not successful.” The initiative did not provide a single grant to an outside organization, yet Simon was paid more than $650,000. Simon’s VP, who also worked for Moonshot, collected over $390,000. The average annual salary for a chief executive of a mid-to-large-sized nonprofit is $126,000.
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The Biden Cancer Initiative is yet another example of how the former Veep allows associates and family members to profit from his position. Other examples include:
- Hunter Biden (Joe’s son): won a bogus position serving on the board of an energy company in Ukraine. He was paid $50,000 per month despite having no experience in the industry.
- James Biden (Joe’s brother): worked for a construction firm that was granted a $1.5 billion contract to build homes in Iraq while Biden oversaw Iraq policy.
The Biden Cancer Initiative will be a great campaign issue for the next debate and we can expect Biden to distract from the real questions by reminding us that his son died of cancer.