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.