The Jane Fonda Foundation did not make a single charitable donation in the five years for which it has filed federal tax returns, even though the organization was valued at nearly $800,000.
According to the foundation’s 2011 tax return, the organization’s assets were valued at $798,133, but it made no contributions that year or the four previous years, The Smoking Gun first reported. The group made a single $1,000 donation in 2006 to the Atlanta Obstetric and Gynecology Society.
The foundation also invested in the stock market with 166 different trades, which netted about $2,200, the report said.
Private foundations must make distributions totaling at least 5 percent of their assets each year, which means the organization should have contributed a minimum of about $40,000 in 2011, the Smoking Gun noted.
Actress and activist Jane Fonda is the foundation’s president and chairwoman.