We’ve already noted that the Clinton Global Graft Initiative seemed to be more about luxury travel for the Clintons than about big payouts to Third World projects.
You thought that 15% payout to the deserving programs benefiting the Third World was a bit on the low side? Well, that was for the overall period 2009-2013. However, once the Red Queen quit the Department of State and rejoined the team, that payout shriveled even further.
In 2013 itself, the overhead was almost $85M, and the expenditure on programs only $9M – less than ten percent of total expenditures!!
We’d already pointed out that an average figure for a top tier charity to pay out for its mission is 88%, with a minimum of about 70% payout vs overhead. We mentioned that Charity Navigator had already refused to rate the Clinton Foundation, and now we have Bill Allison, a senior fellow at the Sunlight Foundation (a government watchdog group), saying “It seems like the Clinton Foundation operates as a slush fund for the Clintons”!
Talk about a target rich environment!