Reince Priebus' False claim that 80% of Clinton Foundation costs are overhead

In a radio interview Aug. 23, 2016, Republican National Committee chairman Reince Priebus wrongly interpreted tax forms submitted by the Clinton Foundation to claim that the foundation spends the vast majority of its donations on overhead and not charitable work.

 Speaking on The Mike Gallagher Show, Priebus described the foundation as a way to make the Clintons rich and said he couldn’t find examples of charitable work that they do.

"And so, these people ask the question in interviews, especially in the liberal media, you know, well ‘don’t you think they do great work?’ Well, I don’t know what great work they do," Priebus said. "I mean the fact is, is if they’ve got about 80 percent overhead and 20 percent of the money's actually getting into the place that it should, then it seems like the only work that the Clinton Foundation is doing is lining the pockets of Bill and Hillary Clinton. And that, to me, should be investigated …" 

The claim that 80 percent of the money the foundation raises goes to overhead -- a term used to described expenses that go to management and fundraising costs -- is something that has been made by Carly Fiorina and Rush Limbaugh in varying forms.

 But, despite what Priebus says, it’s an incorrect reading of tax forms submitted by the foundation, experts who monitor and study charitable organizations say....
http://www.politifact.com/truth-o-meter/statements/2016/aug/25/reince-priebus/reince-priebus-false-claim-80-clinton-foundation-c/