The Biden Cancer Initiative, aimed at finding a cure for cancer, finances no research, but spent millions of dollars on its staff's salaries instead, the New York Post reported on Saturday, citing federal filings.
Other expenses for the 2018 include $59,356 on travel and $56,738 on conferences. But it gave out no grants in its first two years, and spent millions on the salaries of former Washington DC aides it hired.
Tax filings show that the charity raked in over $4.8 million in the fiscal years 2017 and 2018 before activity ramped down and Biden pursued other interests.
Gregory Simon, president of the Biden Cancer Initiative and former Pfizer executive, reportedly received $429,850 during the 2018 fiscal year, almost double what he made in 2017. Danielle Carnival, the former chief of staff for a cancer charity founded by former President Barack Obama, received a salary of $258,207 in the same period.
Gregory Simon claims that the objective of the charity is not to give out grants, but to "accelerate" treatment for all, whatever that means.
The Biden Cancer Initiative was founded in 2017 by the former vice president and his wife Jill Biden to "develop and drive implementation of solutions to accelerate progress in cancer prevention, detection, diagnosis, research and care and to reduce disparities in cancer outcomes", according to its IRS mission statement.
The charity quickly fell apart after just two years of operations in 2019, following Biden's decision to focus on running for the President.
Now, the charity has paused operations and Simon said without the Biden's at the helm it has become increasingly hard to gain traction.