The Beau Biden Foundation raked in nearly $4 million in 2020 but only spent some $550,000 on protecting children from abuse - what it stat...
The Beau Biden Foundation raked in nearly $4 million in 2020 but only spent some $550,000 on protecting children from abuse - what it states is its mission, according to tax filings.
The Delaware-based foundation pulled in $3.9 million in 2020, including a $1.8 million infusion from The Biden Foundation, according to tax filings. It also took in a $225,000 donation from a top political donor to President Joe Biden, 79.
Despite the extra $2 million, the charity only spent $544,961 toward its mission of protecting children from abuse.
The foundation - which started less than a month after he died in 2015 - only spent about 58 percent of its budget on its mission in 2020, according to CharityWatch, a watchdog group.
The group said top-rated non-profits typically spend around 75 percent the budget on programs.
'A 58 percent program ratio does not reflect a high level of financial efficiency,' CharityWatch Executive Director Laurie Styron told the New York Post.
The foundation did, however, spend almost $1 million, with the majority of it going toward covering several six-figure salaries of those who hold executive spots within the company, according to the filings.
The Beau Biden Foundation debuted in June 2015, less than a month after Beau (pictured with Joe in 2009) died of cancer. The foundation, which focuses on protecting children from abuse, brought in $3.9million in 2020 - including a $1.8million infusion from The Biden Foundation - but only spent around $550,000 on its mission
The nonprofit's CEO Patricia Dailey Lewis - who served as a deputy Attorney General in Delaware under Beau, 46, who died of cancer in 2015 - made $150,660 in 2020, including a $3,500 bonus, according to tax filings.
Former COO Joshua Alcorn was paid $131,437. Alcorn has since stepped down from the company and Peter Curcio is now the chief financial officer.
In addition, several Biden family members have served on the board of the charity throughout the years, including Hunter Biden - whose recent laptop fiasco has brought the family name back to national attention.
Biden's daughter Ashley and Beau's widow Hallie have also been on the board. Hallie is currently the only family member still on the board. It is unclear if the Bidens received a salary from the foundation.
The company spent around $1million that year, with the majority of it funding the six-figure salaries of those who hold executive positions. Current CEO Patricia Dailey Lewis (left) was paid a generous $150,660, including a $3,500 bonus, in 2020. COO Joshua Alcorn, who has since left the non-profit, (right) was paid $131,437
Several Bidens have served on the board, including Beau's wife Hallie (pictured together in 2011), who is the only family member left on the board. Biden's children Hunter and Ashley have also served on the board
In addition, following Biden's inauguration, the foundation said it would stop taking money from lobbyists and foreign donors. It also said it would provide a transparent list of major donors on its website. However, the donor list - which was reportedly available on the website earlier this week - disappeared on Friday.
The website currently only displays the 2022 donors, who made over a $2,500 donation. There are currently no donors listed for this year.
The Masimo corporation and foundation were reportedly on the 2020 list. Both are headed by Joe Kiani, who made a $750,000 donation to Unite the Country PAC - which is Pro-Biden - in 2020.
He was also put on the presidential advisory committee for science and technology. Kiani has reportedly made millions off government contracts, according to the Washington Free Beacon.
A representative for the Masimo Foundation said it has contributed to the Beau Biden Foundation for several years and supported it 'because of the work it does for kids.'
The foundation was made in Beau's honor and belief that 'no child should be threatened by a predator'
The Biden family's other foundations - The Biden Foundation and The Biden Cancer Initiative - have suspended operations since Biden ran for president in 2019.
The Beau Biden Foundation was founded in June 2015 after he died of cancer and is centered around the protection of children from abuse.
Beau, a father of two - Natalie and Robert II - was a big believer that 'child abuse is preventable.'
On the website, it reads: 'We believe, as Beau did, that no child should be threatened by a predator - either an adult or a peer - and that children abuse is preventable.
'We believe the best way to prevent child abuse is to educate adults and children.'
The foundation offers workshops on various topics, such as sexting, grooming, teen violence, bullying and internet safety, to name a few. The foundation also goes to schools, senior centers and community centers to perform these workshops.
Workshops are offered both in-person and virtually and start at $500.
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