Wednesday, May 29, 2024

Brad Pitt, Angelina Jolie Split Causes Actress to Stop Adding Money to Couple’s Joint Charitable Foundation

Share

EXCLUSIVE I’ve reported for the last several years on the Jolie-Pitt Foundation, operated by Brad Pitt and Angelina Jolie. They’ve been extremely generous with their money. But every year the couple would donate equal amounts into the Jolie-Pitt Foundation, and the money would be doled out accordingly.

But the latest filing for Jolie-Pitt, filed with the IRS last November– two months after their split– shows a major change. Pitt donated $250,000 to the foundation. Jolie’s donation? Zero. Nothing.

Total donations to the foundation came to $460,000, with Pitt’s part the largest. The other contributions were $111,720 from the Australian Center for International Agriculture Research; $69,558 from a Toronto teachers’ pension fund; and $25,000 from the fund’s financial adviser.

Jolie-Pitt had almost $2.4 million in expenses as it looks like they’re depleting their assets in light of the divorce. But this filing is for the 2015 calendar year, and states clearly “the foundation has no plans for dissolution.” Of course, the couple had no plans for dissolution at the end of 2015 either. Of the $2.4 million million, $1.35 million went to actual charities covering the couple’s largesse in Cambodia and other countries. Two executives split $254,000 in salaries, and a philanthropic adviser collected just under $70,000.

Meanwhile, Pitt’s Make it Right Foundation in New Orleans is booming, with $45 million in assets.

 

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.
spot_img

Read more

In Other News