Posted By thestatedtruth.com on October 26, 2016
There needs to be a new law that requires non profit operations to give 50% or more of the donations to charities or lose their non profit statis, that would seem fair, wouldn’t it? But good luck on that one. Instead many if not most non profit organizations are set up to unfairly benefit its founders and insiders.
2016 – The Clinton Foundation – It’s The Poster Child For How A Rigged System Works
Bob Woodard, the journalist who broke the Watergate scandal that forced Nixon to resign, has come out to say that Hillary’s Clinton Foundation is “corrupt” and “a scandal.”.
While the IRS documents show Hillary took in $500 million tax-free, she only paid out less than $75 million in charity, which equates to around 15%. The rest went to pay expenses, salaries and everything else, oh… and $25 million was spent traveling chartered jets. As long as she claims she went somewhere to talk to someone, all of her expenses are tax-free. That means the travel, luxury hotels and gourmet diners, the limo’s and parties etc.
In the end, a non profit organization has to spend all of its money taken in, so there is no profit remaining. With the Clinton Foundation almost all of the money spent is an expense. The small amount given to charities is what remains after all of the expenses are drawn out.
Source: Martin Armstrong Economics