Monday, April 22, 2024

Leonardo DiCaprio Foundation Says It Raised $25 Mil– But There’s No Public Accounting

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It sounds like Leonardo Di Caprio and celeb pals had a great time in St. Tropez last night. Reports are that Leo raised $25 million for his personal foundation.

Unfortunately, we will never know the details. Unlike most private foundations, Leo’s does not stand alone. It doesn’t have to share information publicly. The Leonardo Di Caprio Foundation is part of the California Community Fund. Here’s what a spokesperson told me recently: “As a community foundation we are a public charity and our financial information is available online. ┬áThe Leonardo DiCaprio Foundation is a component fund of CCF and does not file a separate 990 like a private foundation.”

Many high end artists donated expensive works to Leo’s auction. That’s how amFAR claims these huge amounts from an event. Billionaires or companies come in and snatch them up for five, ten, fifteen million bucks a pop. This offsets all the celebs attending for free. (No actors or celebs actually buy their own tickets to charity events.) But we’ll never know unless Leo converts his Foundation to its own business.

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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