The Beau Biden Foundation received millions in donations while spending only thousands on philanthropy in 2020
The Beau Biden Foundation spent less than $750,000 in 2020 on its purported mission despite raising nearly $4 million in donations the same year.
The New York Post reported that the Delaware-based charity, which was launched in honor of President Joe Biden’s late son, has received a $1.8 million infusion from the Biden Foundation – launched by Joe and Jill Biden – before this organization ended its operations before Joe. became president.
The Beau Biden Foundation has also received more than $200,000 in charitable donations from entities tied to one of the president’s top political donors.
According to tax returns, the charity spent just over $500,000 in 2020 to achieve its stated goal of protecting children from abuse.
The charity spent a nearly equivalent amount that year paying six-figure salaries to longtime Biden associates who hold senior positions at the Beau Biden Foundation. That includes Patricia Day Lewis, who served as Delaware’s assistant attorney general during Beau Biden’s tenure as Delaware state attorney general. Lewis currently runs the nonprofit and, as of 2020, receives an annual salary of over $150,000.
Joshua Alcorn, a Democratic operative with a long resume who has also worked as a consultant on campaigns for Joe and Beau Biden, served as the nonprofit’s chief operating officer in 2020 and received $131,437 in compensation. He has since left that role.
Hunter Biden, the middle-aged problem child of the Biden family, also served on the board of the Beau Biden Foundation.
Currently, Hallie Biden, with whom Hunter had an extended affair after her brother’s death, is the only member of the Biden family on the board.
The board also includes former FBI director Louis Freeh.
CharityWatch, a watchdog group, said nonprofits that receive its highest ratings typically spend at least 75% of their annual budget on their charitable giving programs. The Beau Biden Foundation, in this case, devoted only 58% of its spending to its mission.
Laurie Styron, executive director of CharityWatch, said: “A 58% ratio does not reflect a high level of financial efficiency.”
The nonprofit said that after Joe Biden’s inauguration in 2021, in a bid to increase transparency, it would no longer take money from lobbyists or foreign donors and would publish the names of its top contributors.
Currently, the Beau Biden Foundation is running virtual and in-person workshops for adults starting at $500 per session and running sessions for kids focusing on topics like bullying and internet safety.