Jane Fonda’s private foundation.

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Tommy Tar
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Jane Fonda’s private foundation.

Post by Tommy Tar » Thu Dec 12, 2013 12:15 pm

http://www.thesmokinggun.com/documents/ ... 990-675413

DECEMBER 12--Though Jane Fonda’s private foundation has nearly $800,000 in assets, the group has not made a charitable contribution during the last five years for which it has filed federal tax returns, an apparent violation of Internal Revenue Service rules.

According to the Jane Fonda Foundation’s most recent tax return--filed last year and covering calendar year 2011--the organization’s cash, stock, and bond portfolio was valued at $798,133. The filing lists the 75-year-old actress as the foundation’s president and chairman of the board, and reports that she devotes 10 hours a week to the charitable group. <snip>

I posted months ago that the private foundations are a huge scam. The private foundation grows tax free and very little must be payed out each year to keep it's legal. Most put their kids on the boards and the foundation pays for their travel and lifestyle.
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Re: Jane Fonda’s private foundation.

Post by Fordama » Thu Dec 12, 2013 1:10 pm

It helps that there are some references out there who rate foundations and charities. The Better Business Bureau has one, and there are others.

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Re: Jane Fonda’s private foundation.

Post by Wabash » Thu Dec 12, 2013 3:10 pm

Tommy, I agree. If I had influence of tax policy, the first deduction I would eliminate is charities. The second would be the parsonage exemption for clerics.
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Re: Jane Fonda’s private foundation.

Post by not4u13 » Thu Dec 12, 2013 3:53 pm

Charity Navigator is one of my favorites.

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Re: Jane Fonda’s private foundation.

Post by Troglodyte » Fri Dec 13, 2013 9:57 am

Not surprising. Liberals tend to want to spend your money or the "government's" and keep their's. :mrgreen:
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