Will Smith and Jada Pinkett’s charity is reportedly closing after the infamous Oscars slap

us.hola.com:

Will Smith’s infamous slap at the 2022 Academy Awards is still affecting his life. Variety broke the news Wednesday that the charity he opened with his wife, Jada Pinkett Smith, is allegedly closing.The Will And Jada Smith Family Foundation was founded in 1996 to make the world “better because we touched it,” according to the website.

The nonprofit focused on arts and education, empowerment, health and wellness, and sustainability. While the charity experienced decades of success, according to Variety’s reviewed tax filings, after Will slapped Chris Rock, high-profile contributors to the foundation stopped.

The outlet reviewed tax records (via ProPublica) showing the foundation’s revenue dropped from $1,760,000 in 2020 and $2,138,660 in 2021 to $365,870 in 2022 - an 83% drop, including the withdrawal of donors like American Airlines, which donated $76,160 in 2021, and CAA, which contributed $100,000 in 2021.As noted by the outlet, the Instagram for the foundation hasn’t shared anything since December 19, 2022.

Willow Smith shares post explaining her new single ‘Symptom of Life’WATCH: Will Smith returns for ‘Bad Boys: Ride or Die”Willow and Jaden Smith’s fashion evolution through the yearsA source close to the foundation told the outlet the couple was already winding down the foundation before the incident and has been focusing on privately giving the same amount to charitable causes.