Posted on 12/12/2013 12:23:07 PM PST by george76
With 800k in bank, star's group hasn't donated dime since 2006.
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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.
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IRS regulations require private foundations to make annual distributions totaling at least five percent of its assets
(Excerpt) Read more at thesmokinggun.com ...
...too many
It seems to me that if Fonda’s foundation has violated the IRS 5% spending rule, it will lose its tax-exempt status and the nearly $800K will be taxed at the same level as her earned income.
That's better --
Yes, you’d think so.
There are a lot of worthy, totally non-political causes/organizations out there. You could find several of them every year to give money to.
Or just wait for some natural disaster to hit and send money there.
Easy-peasy if you’re actually trying to help people and not just avoid paying YOUR FAIR SHARE!
I think every last one of those worthy, totally non-political causes has hit me up for a donation in the past two weeks alone! And some political ones, too.
So true. There are even organizations that pair up celebrities with charitable causes. It is considered a “win-win” because the charitable organization gets to use the celebrity's name in their fund-raising, while the celebrity benefits from increased exposure and good PR, often without even having to donate a single dime of their own money.
Did they send you return address labels? Those are good and I try and send some money, provided I support the cause at all. Otherwise I throw the labels away.
And I just gave 2 big bags of clothes to Lupus.
The most important aspect of that is them helping me get rid of clutter, since I accept that I will never sell anything on ebay.
Losing a bunch of stuff due to Sandy has made parting with the rest(like some very nice clothes that, sadly, so sadly, will never fit me again).
Sigh, one skirt I actually kissed goodbye. That sounds very silly I know, but it was a 100% English Wool Challis skirt, you could wear it, throw in it a ball in the corner, leave it there for 3 weeks, shake it out and wear it again and look like a million bucks.
I’m rambling - goodbye beautiful skirt, maybe Lady Jane Fonda will buy me another one. (Size 14 Jane, if you should by happenstance see this!)
I “get” the skirt. Sounds like the equivalent of the Irish Waling Hat. Indestructible and always looks good.
Say what you like about the French, the Brits/Celts do textiles like nobody else!
BTTT
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