Wednesday, June 24, 2026

Chanel Continues Its Naked Attempt to Buy Into Hollywood with Party After Party But The IRS Has Revoked Their Tax Free Status

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Chanel — the fashion house launched decades ago by Nazi sympathizer Coco Chanel — really wants to get in to Hollywood.

They’ve been spending like drunken French soldiers on leave, underwriting A list parties for a few years now, plying celebrities with booze and gourmet food and loaning out their wares.

Often they use London publicist Charles Finch to host parties for them, especially around the Oscars. They take over the Beverly Hills Hotel with velvet ropes and top security.

That’s all good, but I’m sure the celebrities aren’t aware that the IRS has revoked Chanel’s 501c3 status standing as a charity.

According to eintaxid.com: “The federal tax exemption for Fondation Chanel Inc was automatically revoked on 15 May, 2023 for not filing a form 990-series return or notice for three consecutive years. On 14 August, 2023 the IRS posted the notice of organization’s automatic revocation on IRS.gov.”

The last filing was for 2019-2020.

At that point, Fondation Chanel said it had a fair market value of $4,311,799. They had had revenue of $10.2 million and expenses that totaled $9.7 million.

They certainly had nothing to hide. The bulk of their expenses was to other charitable organizations around the world that came to $9.2 million.

But in the time since they became a Hollywood party thrower, Chanel has not again filed a form 990 with the IRS. Consequently, the revocation.

There are some clues about what’s happened to Fondation Chanel thanks to their reports to the British Charitable Commission. In their report to the UK, Fondation Chanel reported a drop in gross income from 2023 to 2023 from 100 million pounds to just 2.43 million. Meantime, total expenditures dropped from 25 million pounds to 19.7 million.

Today Chanel underwrote what looks like a blockbuster lunch in Hollywood for dozens of female celebs. The occasion was the Motion Picture Academy’s program to support emerging women filmmakers — a worthy cause. Some of the guests included Kate Hudson, Patty Jenkins, Felicity Jones, Riley Keough, Julia Louis-Dreyfus, Emma Mackey, Leslie Mann, and Diane Warren. (There were a lot more.)

Meantime, the Fondation has slipped into the abyss, at least in the US where, according to the IRS, they are gone. Even though the New York office is still open, the foundation has moved its headquarters to London. In the consolidation, the French office, ironically, was closed.

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Roger Friedman
Roger Friedman
Roger Friedman is the founder and editor-in-chief of Showbiz411. He wrote the FOX411 column on FoxNews.com from 1999 to 2009, where he covered Michael Jackson, and previously wrote the "Intelligencer" column at New York magazine in the mid-1990s, where he covered the O.J. Simpson trial. He also edited Fame magazine. His bylines have appeared in The New York Times, The Washington Post, the New York Daily News, the New York Post, Vogue, Details, and the Miami Herald. He is a voting member of the Critics Choice Awards (Film and Television branches), and his movie reviews are tracked by Rotten Tomatoes. With D.A. Pennebaker and Chris Hegedus, he co-produced the 2002 documentary "Only the Strong Survive," which screened at Directors' Fortnight at the Cannes Film Festival.

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