The Motley Fool Discussion Boards

Previous Page

Politics & Current Events / Political Asylum

URL:  https://boards.fool.com/pence-was-being-generous-quotclinton-32490606.aspx

Subject:  Re: Little Steven on Hamilton Date:  11/22/2016  2:49 PM
Author:  nigelwhalmsley Number:  2120120 of 2381073

Pence was being generous.

"Clinton Foundation Spent Less Than 6 Percent On Charitable Grants In 2014"

That is an often used but phony way of denigrating charitable organizations.

"Although it has ‘foundation’ in its name, the Clinton Foundation is actually a public charity," Brian Mittendorf, a professor of accounting at Ohio State University’s Fisher College of Business, wrote in the Chronicle of Philanthropy. "In practical terms, this means both that it relies heavily on donations from the public and that it achieves its mission primarily by using those donations to conduct direct charitable activities, as opposed to providing grants from an endowment."

Direct activities do not show up as endowments. Read up.

http://www.politifact.com/truth-o-meter/statements/2016/aug/...
Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us