Will and Jada Pinkett Smith’s charity is reportedly shutting down after donations plummeted in the wake of the infamous Oscars slap in 2022.
that the former couple was already in the process of winding down the foundation before the Oscars slap. They are now focused more on giving the same amount to charitable causes but in a private capacity, the source said. The Will And Jada Smith Family Foundation was created in 1996 at the height of the couple’s Hollywood stardom. The charity has given to multiple causes over the years, including the American Film Institute and Big Brothers Big Sisters.
But he Smith foundation’s revenue took a steep dive in 2022 after Will Smith slapped Chris Rock live onstage at the Oscars after Rock told a joke about Jada Pinkett Smith. The assault led to Smith’s resignation from the Academy. He also became a pariah in Hollywood, though he is slowly making a return to the big screen.
Publicly available tax filings reportedly show that the foundation saw its revenue sink from $2,138,660 in 2021 to $365,870 in 2022 — the most recent year for which filings are available.VIDEO: Search Underway for Victims of Baltimore Bridge CollapseNY Gov. Hochul Dumping $2.4Billion Into Migrant Care, Pushing State-FundedJoe Biden: Government Will Pay ‘Entire Cost’ of Rebuilding Baltimore Bridge13 Democrat State Attorneys General Target Glock, Decry ‘Machine-Gun Glocks’Gov.