Beau Biden Foundation spent ONLY $550,000 of $3.9m to help kids, with $1m spent on HUGE salaries
Reportedly, the foundation spent a majority of almost $1 million to cover six-figure salaries of people who hold executive spots within the company
The Beau Biden Foundation, which raked in almost $4 million in 2020, reportedly spent only about $550,000 on protecting children from abuse, which is its mission. The tax filings also stated that in 2020, the Delaware-based foundation pulled in $3.9 million, which included a $1.8 million infusion from The Biden Foundation. The charity spent only $544,961 toward protecting kids from abuse despite the extra $2 million.
The foundation was started in 2015 in honor of President Biden’s late son Beau Biden. It has spent just about 58 percent of its budget on its mission in 2020, CharityWatch, a watchdog group, has claimed. According to the group, around 75 percent of the budget is typically spent on programs by top-rated non-profits. "A 58 percent program ratio does not reflect a high level of financial efficiency," CharityWatch Executive Director Laurie Styron told New York Post.
The filings state that the foundation spent almost $1 million, the majority of which covered a number of six-figure salaries of people who hold executive spots within the company. The nonprofit's CEO Patricia Dailey Lewis made $150,660 in 2020, including a $3,500 bonus. She served as Delaware deputy attorney general under late AG Beau Biden. Former COO Joshua Alcorn was paid $131,437. He later stepped down from the company with Peter Curcio now serving as the chief financial officer.
Many other family members of Biden have also served on the board of the charity, including Hunter Biden, Biden's daughter Ashley and Beau's widow Hallie. Hallie happens to be the only family member on the board at present. The foundation had claimed after Biden's inauguration that it would not take any money from lobbyists and foreign donors, and also stated that it would provide a transparent list of major donors on its website. The donor's list, which was reportedly available on the website, seems to have disappeared now. Only the 2022 donors who made over a $2,500 donation are displayed on the website now.
The Beau Biden Foundation's website quotes Beau as saying, "We have seen the progress that can be made when society commits to shining a bright light on a crime like domestic violence, and we are seeing the beginning of what can be accomplished if we continue shining that bright light on child abuse. As adults, we have a legal and moral obligation to stand up and speak out for children who are being abused. These children cannot speak for themselves.”
"We believe, as Beau did, that no child should be threatened by a predator – either an adult or a peer – and that child abuse is preventable," the website says. "We believe the best way to prevent child abuse is to educate adults and children. We believe the time is now to identify and train the next generation of child welfare professionals. We believe strengthening national child protection laws is an urgent, attainable goal."
It adds, "Beau believed in our better angels. He knew the first lines of defense for a child who is bullied are that child’s peers. He knew every child was capable of courage, but that courage without confidence does not inspire action. We will work in schools to teach children skills, and to give them tools and procedures that result in the confidence to report, and stop, bullying."