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 !