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Will Smith Family Foundation Faces Financial Crisis After Oscars Incident

The Will and Jada Smith Family Foundation, recognized for its work in the areas of health, education and sustainability, is facing financial difficulties following the incident that took place during the 2022 Oscars.

The lack of funds and donations has jeopardized the continuity of this NGO, which has been an important pillar in various charitable causes since its creation in 1996.

Will Smith y Jada Getty.Getty

The incident that triggered this crisis was the altercation involving Will Smith during the Oscar ceremony, when he slapped presenter Chris Rock in response to a comment about his wife, Jada Pinkett Smith.

This action generated irreparable damage to the foundation’s image, causing the withdrawal of important contributors and a drastic decrease in income.

According to recent reports, the foundation’s income has seen a significant drop, going from $1,760,000 in 2020 and $2,138,660 in 2021, to just $365,870 in 2022.

The Smith couple at the Oscars just before the incident.

This situation has led the Smith couple to consider closing the foundation, although they plan to continue their philanthropic work through private donations to other charities.

The unfortunate incident at the Oscars, which has become one of the most embarrassing moments in the history of these awards, has had devastating repercussions for the foundation and Will Smith’s reputation in the entertainment industry.

Will Smith recogiendo su Oscar en 2022Getty

Despite receiving an award during the same ceremony, the Academy has imposed a 10-year ban on the actor from any event related to the institution, including the Oscars. “I accept and respect the Academy’s decision,” the interpreter said through a spokesperson. Even so, he continues to be a sought-after actor and generates a lot of income at the box office.

2024-03-29 11:14:17
#Oscar #slap #ends #Smith #Jada #Pinketts #NGO

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