Will and Jada Pinkett Smith's charity sinks after Oscars slap

The Will And Jada Smith Family Foundation, a charity founded by one of

Hollywood's quintessential

. Created by the acting couple in 1996, the foundation advocates for issues that matter to the Smiths, including health and well-being, education and sustainability. But Will Smith's image suffered a setback after the slap he gave comedian Chris Rock in the middle of the 2022 Oscars ceremony. The tax returns published now show that, after the high-profile incident, high-profile taxpayers who had donated to the NGO in the past they have stopped doing so and the company is in the process of closing.

According to the tax records of The Will And Jada Smith Family Foundation, which

the foundation's income fell from $1,760,000 in 2020 and $2,138,660 in 2021 to just $365,870 in 2022. The year-over-year drop of 83% included the departure of donors such as American Airlines, which donated 76,160 in 2021, and CAA Foundation, which contributed 100,000 in 2021. Regarding the donations made by the Smiths' foundation, in 2022 a contribution of $100,000 to the American Film Institute and $2,500 to Big Brothers Big Sisters, a charitable organization that connects children with adult mentors. A source close to the Smith foundation has acknowledged to the American media that the couple is closing this project. And he adds that his intention is to make donations to charitable causes for the same amount, although only privately.

More information

Jada Pinkett Smith: “Will and I wouldn't have done anyone any good by nurturing the illusion of a relationship”

Two years have just passed since Will Smith slapped Chris Rock during the 94th Oscars ceremony. It all happened at 4:30 in the morning, Spanish peninsular time, on March 22, 2022. Chris Rock was in charge of presenting the ceremony and appeared again to liven up the gala. He began by launching a joke with dirty overtones towards Javier Bardem and Penélope Cruz – where he made the clumsiness of referring to the actress as the actor's wife –, both nominated that night: “Do you know who has the hardest job tonight? Javier Bardem and his wife are nominated. If she loses, there is no way he can win. Javier is praying that Will Smith beats him,” said the comedian. Then it was the Smiths' turn: “Jada, I love you, I can't wait to see you in

″. Jada Pinkett Smith was not amused by that joke about her alopecia. To her husband, at first, yes. Later, upon seeing his wife's reaction, the actor changed his mind. The fundamental difference was that the character in the film shaved her hair due to military demands, and Pinkett Smith did it to make alopecia visible, a taboo disease among women, which the actress had spoken publicly about on previous occasions. Shortly afterward, Will Smith got up and went on stage, to the surprise of Chris Rock, and slapped him loudly before the astonished gaze of an audience that at first didn't know if it was a set-up. “Keep my wife's name out of your fucking mouth,” Smith yelled. The atmosphere darkened. And the episode, as it could not be otherwise, became the most viral thing of the night.

That same night, the actor collected the Oscar for best leading actor for his role in

Just a few days later,

Will Smith announced that he was resigning from being a member of the Hollywood Academy, trying to forestall retaliation from the organization. “I betrayed the trust of the Academy and deprived the nominees and winners of an opportunity to celebrate and be celebrated for his extraordinary work,” he said in a statement. It was of little use to him. Later, he was banned for 10 years from any event at the institution, including the Oscars. “I accept and respect the Academy's decision,” the interpreter said through a spokesperson.

Despite the numerous criticisms received, Smith still generates some of the largest incomes in Hollywood. According to a

report

last year, she has received around $25 million for two movies on Netflix, the sequel

and

.

For her part, Jada Pinkett Smith published a biography,

, in which she tells of her journey towards self-love and healing, the fight for her mental health and what her relationship with Will Smith, her husband, is like. , but with whom he has not lived for years: “We love each other and we love each other as a family.”