(The Smoking Gun) — 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.
In the most recent tax return, Fonda’s foundation reported making no contributions or grants. Prior tax returns show that the organization, which is headquartered in Atlanta, Georgia, similarly made no payouts in 2010, 2009, 2008, and 2007. In 2006, the group made a single $1000 donation to the Atlanta Obstetric and Gynecology Society.
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IRS Data -
|14-1890432||Jane Fonda Foundation Inc.||Atlanta||GA||United States||PF|
This is Information from Charity Navigator on the Jane Fonda Foundation
This organization is not eligible to be rated by Charity Navigator because it is a Private Foundation.
Private foundations receive the majority of their money from only one individual, family or corporation. This differs from the public charities that Charity Navigator evaluates. Public charities have a broad-base of support from the general public as well as variety of other funding sources. The IRS requires that private foundations file a Form 990-PF which differs from the document public charities file. This makes it impossible for us to compare the financial performance of private foundations to public charities.
|Name in IRS Master File||JANE FONDA FOUNDATION INC|
|Street Address||1450 W PEACHTREE ST NW|
|City, State, Zip||ATLANTA , GA 30309-2955|
|NTEE Classification||Education N.E.C.|
|NTEE Type||Educational Institutions and Related Activities|
|Subsection||501(c)(3) (View the list of codes)|
|Foundation Status||Private non-operating foundation|
|Deductibility||Contributions are deductible|
|Affiliation||Independent – the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).|
|Group Name||[Not Applicable]|
|Exempt Organization Status||Unconditional Exemption|
|Ruling Date||April, 2004|
|Form 990 Revenue Amount||$0|
|Latest Form 990 Return||December, 2011|
|Filing Requirement||Required to file form 990-PF|
|Fiscal Year End||December|