Two years ago Will Smith famously slapped Academy Awards Show host Chris Rock on live TV over a poorly received joke about Will's wife, Jada Pinkett-Smith's, bald head [click here if you missed that].
Apparently Will and Jada lost a lot of sponsors over it, and now their charity foundation is shutting down after nearly 30 years...
From Variety
The Will And Jada Smith Family Foundation was the perfect outlet for the Hollywood power couple to advocate for the issues that mattered to them, including health and wellness, arts education and sustainability. But Will’s image took a serious hit after he slapped Chris Rock at the 2022 Oscars. Tax filings show that after the incident, high-profile contributors that had given to the foundation in the past stopped, and the enterprise is in the process of shutting down for good.
According to tax records from the Will And Jada Smith Family Foundation reviewed by Variety (via ProPublica), the foundation’s revenue dropped from $1,760,000 in 2020 and $2,138,660 in 2021 to $365,870 in 2022. The year-over-year drop of 83% included the departure of contributors such as American Airlines, which donated $76,160 in 2021, and CAA, which contributed $100,000 in 2021.
A source close to the foundation told Variety that the couple was winding down the foundation, which they founded in 1996, before the Oscars slap, and is focusing more on giving the same amount to charitable causes — just privately.
A representative for the Smith family declined to comment.
6 comments:
i hate it when rich celebrities "start a foundation" and then expect other people to fund it. corporate donors are nice to have, but jada & will have more than enough personal wealth to drop $1.5-$2 million/year into this foundation if they wanted to. or to have BEEN donating that kind of money "privately"
let me go look @ their 990. if i see a bunch of scientology ish i'm gone be too through.
Priorities.
They probably lease/own/rent vehicles valued at more than six figures. Put that in perspective.
That makes sense. Charity is always a good thing. I commend them for that but who's going to trust you when your behavior is violent? I'm surprised they were still getting money with all the other rumors about them swirling around. Will, Boo-ta and Too-ta, Jada Lick-em & Stick-em. Since we are talking in code on this social media piece.
Rumors are one thing, televised physical and verbal abuse is another.
30 years is impressive so kudos to them. Now lets see what y'alls charitable giving is!
12:09 PM Exactly, 30 years is a great run.
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