Fonda Foundation Not So Charitable, Records Show

[lostinblue 1,989]

Fonda Foundation Not So Charitable, Records Show With 800k in bank, star's group hasn't donated dime since 2006

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Jane Fonda Foundation

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  Jane Fonda Foundation

DECEMBER 12--Though Jane Fonda’s private foundation has nearly $800,000 in assets, the group has not made a charitable contribution during the last five years for which it has filed federal tax returns, an apparent violation of Internal Revenue Service rules.

According to the Jane Fonda Foundation’s most recent tax return--filed last year and covering calendar year 2011--the organization’s cash, stock, and bond portfolio was valued at $798,133. The filing lists the 75-year-old actress as the foundation’s president and chairman of the board, and reports that she devotes 10 hours a week to the charitable group.

In the most recent tax return, Fonda’s foundation reported making no contributions or grants. Prior tax returns show that the organization, which is headquartered in Atlanta, Georgia, similarly made no payouts in 2010, 2009, 2008, and 2007. In 2006, the group made a single $1000 donation to the Atlanta Obstetric and Gynecology Society.

IRS regulations require private foundations to make annual distributions totaling at least five percent of its assets. The rule is intended to prevent foundations from stockpiling and investing funds (while never making contributions, gifts, or grants). If adhered to, the so-called Five Percent Rule would have forced Fonda to distribute a minimum of about $40,000 in 2011.

If a private foundation fails to make required minimum distributions, it faces stiff IRS penalties.

While Fonda’s foundation has not been making donations, the group has tried to grow its stash via the stock market. For example, the foundation’s last tax return lists 166 separate trades--involving thousands of stock shares--that netted about $2200.

The Fonda foundation’s returns show that most of its assets were provided years ago by the performer herself, though more than $320,000 came from a Connecticut firm

http://www.thesmokinggun.com/documents/Jane-Fonda-Foundation-990-675413

Liberals so good using other peoples dollars

[Trumplestiltskin 5,791]

Liberals so good using other peoples dollars

Why is everything with you a gross generalisation? Do you actually believe this #######?

Just what does the situation with this charity have to do with anyone not involved with it?

[Penny Lane 8,159]

Of all the sketchy charities, you pick Jane Fonda's. Why doesn't that surprise me...

Got tired of being outraged over that "selfie"?

Edited December 12, 2013 by Penny Lane

[GandD 5,966]

Black and white absolutism.

[luckytxn 2,265]

She stopped aging well.

[GandD 5,966]

You'll have that.

[elmcitymaven 9,712]

Sweet Jesus, she's 75. Why should we care what she looks like?

[DavenRoxy 1,073]

Sweet Jesus, she's 75. Why should we care what she looks like?

I sure don't. But I DO hope the traitorous wench gets hit with all the fines the IRS can legally throw at her.

[Peikko 1,575]

I sure don't. But I DO hope the traitorous wench gets hit with all the fines the IRS can legally throw at her.

Why. because you don't like her, or because you think all IRS cheats should be treated equally? There is no 'liberal' story here. If this foundation hasn't been doing things as it should it will be fined as it should be. Moving right along...

[Penny Lane 8,159]

Sweet Jesus, she's 75. Why should we care what she looks like?

Because she's a woman, obviously. Must always comment on what a woman looks like.

[DavenRoxy 1,073]

Why. because you don't like her, or because you think all IRS cheats should be treated equally? There is no 'liberal' story here. If this foundation hasn't been doing things as it should it will be fined as it should be. Moving right along...

Because she is cheating on her taxes, essentially lying to pay less. I don't get to do that, neither should she. Now move right along...

[Mr. Big Dog 10,747]

A foundation worth 800K dollars? Really? That's what we're worried about?

Here's what bad charities looks like:

Kid's Wish Network:

Total funds Raised: 128,000,000.00

Paid to Solicitors: 109,000,000.00

Paid to actual charity: 2.5%

Cancer Fund of America:

Total funds Raised: 98,000,000.00

Paid to Solicitors: 80,400,000.00

Paid to actual charity: 0.9%

Children's Wish Foundation:

Total funds Raised: 96,800,000.00

Paid to Solicitors: 63,600,000.00

Paid to actual charity: 10.3%

Full, long list: http://www.tampabay.com/americas-worst-charities/

[DavenRoxy 1,073]

Well good. Hope the IRS goes after them all this year, and leaves me alone.

Ironically, the IRS is after someone I know right now, who makes less than $40k per year. Kinda funny, actually, considering the numbers above.

[Mr. Big Dog 10,747]

Well good. Hope the IRS goes after them all this year, and leaves me alone.

Ironically, the IRS is after someone I know right now, who makes less than $40k per year. Kinda funny, actually, considering the numbers above.

It is, isn't it?

[Darnell 8,479]

Sweet Jesus, she's 75. Why should we care what she looks like?

Barbarella, that's why !