Will Smith's Charity To Close Due To Less Donations After Oscars Slap

Due to a significant decline in donations following the Oscars slap incident, the Will and Jada Smith Foundation, a nonprofit run by Will Smith and Jada Pinkett, is about to close. The foundation's revenue plummeted by 83 percent in 2022, leading to the departure of major contributors like American Airlines and CAA. Variety reports on the Will and Jada Smith Foundation's 2022 expenses, including office equipment, laptops, and a surprising $3,304 in "bank overdrawn" penalties. As of 2023, the charity has no paid employees after slashing personnel in 2021, prompting the Smiths to abandon the organization. Despite this setback, Will Smith remains one of Hollywood's highest-paid actors, earning $25 million per project. How do you feel about Will Smith since the controversial Oscars slap?