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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (978420)11/4/2016 10:43:55 AM
From: bentway  Read Replies (1) of 1576163
 
Reince Priebus' False claim that 80% of Clinton Foundation costs are overhead



By Aaron Sharockman on Thursday, August 25th, 2016 at 10:53 a.m.
politifact.com

excerpt/conclusion:

The American Institute of Philanthropy’s Charity Watch, reached the same conclusion. It has given the Clinton Foundation an A rating and says it spends only 12 percent of the money it raises on "overhead."
"The Clinton Foundation is an excellent charity," Charity Watch president Daniel Borochoff said Aug. 24, 2016, on CNN. "They are able to get 88 percent of their spending to bona fide program services and their fundraising efficiency is really low. It only costs them $2 to raise $100."

Sandra Minuitti at the group Charity Navigator used the same general calculation when talking to our colleagues FactCheck.org, though she did not include the Clinton Foundation’s affiliates. By that measure, in 2013, 80.6 percent of spending was on program services.

Our ruling

Priebus said,
"The fact is" the Clinton Foundation has "got about 80 percent in overhead and 20 percent of the money is actually getting into the places it should."
Priebus is incorrectly reading IRS documents. Only a small amount of the donations collected by the Clinton Foundation are awarded as grants to other nonprofit groups. But that doesn’t mean that every other dollar is "overhead."

The Clinton Foundation spends between 80-90 percent on program services, which experts say is the standard in the industry to define charitable works. It spends the majority of its money directly on projects rather than through third-party grants.
Conversely, only between 10-20 percent is spent on management of the foundation and fundraising activities, which is tagged as "overhead."


Priebus’ claim rates False.
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