Sunday, April 21, 2024

Lisa Marie’s Death Could Be a Boon to Nearly Defunct Elvis Presley Non-Profit Foundations

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The website for Graceland — and all the publicity surrounding Lisa Marie Presley’s death — is suggesting donations to the Elvis Presley Memorial Foundation in her memory.

Over the years there have been several Presley non profits. But as of today, there are only two and they don’t have much money on hand.

One of them is called the Elvis Presley Charitable Foundation. It has just $105K in net assets and is located in Memphis. The other is called the Presley Charitable Foundation located in Woodland Hills, California. It has just $92,671 according to federal tax filing.

Very little information is available for the latter foundation. Over three years, from 2017 to 2019, it made one donation, of $10,000, to the Duchenne Muscular Dystrophy fund called Walking Strong of Woodland Hills, CA.

The former foundation located in Memphis, Elvis’s adopted hometown, distributed $13,450 in 2019 to a smattering of local charities. In his heyday, Elvis used to spend more than that on sequins.

Much has been made of Lisa Marie’s perilous financial situation, and it’s true. She squandered a $100 million fortune and bad investments and advice, and Scientology. Not much is left except the Graceland business, which also supports her mother, Priscilla Presley. The busines should be booming right now thanks to morbid interest in Lisa Marie’s death and the current “Elvis” movie. A special VIP tour is being offered now throuhg the end of February for $195.

You can read my 2017 story about Lisa Marie and the two foundations by clicking here.

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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