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Tags: beau biden | foundation | fundraising | charity | tax

How the Beau Biden Foundation Spends Its Cash

How the Beau Biden Foundation Spends Its Cash
The foundation was started in memory of President Biden's son Beau, seen together here in 2009. (AFP via Getty)

By    |   Sunday, 27 March 2022 03:27 PM EDT

A charity set up for President Joe Biden's late son Beau Biden raised $3.9 million in its last year before shuttering in 2020, but the New York Post reports that the organization spent only a fraction to support its mission to help children.

The Beau Biden Foundation received $1.8 million from the Biden Foundation and $225,000 from a top Biden donor before it shut down, according to tax filings.

Among that $2 million combined, only $544,961 was spent on the purported mission of addressing child abuse, despite spending just shy of $1 million that year on six-figure salaries for Biden associates, according to the report.

Among the 2020 beneficiaries:

  • Beau Biden's deputy attorney general Patricia Dailey Lewis was paid $150,660, including a $3,500 bonus.
  • Former Joe Biden campaign consultant Joshua Alcorn was paid $131,437.

Top non-profits generally spend 75% on programs, according to CharityWatch, but the Beau Biden Foundation spent just 58%, according to the tax filings.

"A 58% program ratio does not reflect a high level of financial efficiency," CharityWatch Executive Director Laurie Styron told the Post.

Despite a Biden administration vow to be transparent about money from lobbyists and foreign donors, the Beau Biden Foundation denied a Post request for a donors list before telling it just this week it was online – although the list was missing from the filing Friday, according to the report.

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A charity set up for President Joe Biden's late son Beau Biden raised $3.9 million in its last year before shuttering in 2020, but the New York Post reports that the organization spent only a fraction to support its mission to help children.
beau biden, foundation, fundraising, charity, tax
228
2022-27-27
Sunday, 27 March 2022 03:27 PM
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