Wednesday, April 17, 2024

Mel Gibson’s Personal Recession: Private Church Hit Hard by Record Breaking Divorce

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Times are tough in Mel Gibson‘s personal recession: For years and years Mel Gibson kept parking tax free millions in his private Malibu church. By 2011, the Holy Family church–which is not part of the arch diocese and doesn’t acknowledge the Pope as the leader of the Catholic Church– was claiming over $68 million in total assets. All of it came from Gibson’s AP Reilly Foundation, according to federal tax filings.

But times have changed. In 2011, Gibson had to give half of everything he had in the world to his ex-wife Robyn. The total was reported at $425 million. That included two Malibu properties. Robyn’s name was removed from A P Reilly as an officer.

Today I received the church’s 2012 tax filing. Gibson’s donation to AP Reilly — he’s always the only donor to the foundation — is significantly smaller than ever before. Gibson put only $146,269 into A P Reilly last year. It’s clear that his finances have changed. He no longer has the flexibility of hiding his money in the tax free foundation.

And it’s not just the divorce: Gibson has not starred in a regular Hollywood blockbuster

But Holy Family still claims total assets overall at almost $70 million– not bad for a church that has few families. AP Reilly did claim a massive depreciation however– $1,606,579. For the first time, also, they list no salaries, and only $60,000 for miscellaneous expenses like legal fees and insurance. There’s no mention for the first of  landscaping. It’s not clear if anyone is mowing the lawn !

 

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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