In 2017, a nonprofit foundation was founded by Joe Biden and his wife, Jill, called the Biden Cancer Initiative. It was a philanthropic endeavor that branched off of his oversight of the White House Cancer Moonshot program. Two year later, the Biden Cancer Initiative (BCI) ceased operations. He and Jill left the board out of ethics precautions leading up to his presidential campaign and the initiative couldn’t hold the same enthusiasm without the two of them taking part in it. Not to mention, it would also be an issue if he wins the presidency this year and is still a part of BCI.
On the campaign trail, Biden announced in front of a cheering crowd of spectators in Iowa “I promise you if I’m elected president, you’re going to see the single most important thing that changes America. We’re gonna cure cancer.” Sounds like a line out of a Miss Universe pageant.
In recent news, it was exposed that nearly two-thirds of the money that BCI spent since its inception went toward the six-figure salaries of its top executives and staff compensation – that’s nearly 65% of all of BCI’s expenditures. To put that into perspective, experienced charity watchdogs say that expenditures for staff (including executives) and fundraising, are recommended to be at most 25%. With that said, BCI spent way less on its energy to eliminate cancer, one of Biden’s top commitments, but way more on keeping staffers happy.
According to BCI’s 2017 and 2018 tax forms, in the two years of BCI’s existence, it raised, but also spent, $4.8 million. Most of this funding comes from 57 partnerships forged with businesses in the drug and health insurance industries. A little over $3 million went to compensation, benefits and salaries. $1.7 million went to other expenses, and of that, $740,000 went to conferences, conventions and meetings. No grants were offered to any other foundation or group during BCI’s stint as an initiative.
According to Charity Navigator, which analyzes the profits and expenditures of nonprofit organizations, mid-to-large-sized charities like BCI only spend an average of $126,000 per year on chief executive salaries. These pale in comparison to BCI’s expenditure of $224,539 in 2017 and $429,850 in 2018 paid out to its president, Greg Simon.
With Joe’s son Hunter, and Joe himself, still in hot water over Hunter’s random position on the board of Ukraine energy company, Burisma Holdings, during the Obama years, with no prior experience in the energy sector, it really does seem like the apple doesn’t fall too far from the tree.