It was founded in 1997 with his wife, Jada Pinkett

There are new problems for Will Smith, as he has been forced to close his charitable foundation, the ‘Will & Jada Smith Family Foundation’, founded in 1997 with the aim of supporting various causes, such as education and health, due to lack of donors.

As Variety explains, Will slapping Chris Rock at the 2022 Oscars gala is a big reason why, as it has resulted in considerable drop in support. The foundation went from more than $2 million in 2021 to less than $400,000 in 2022.

However, it is also said that the Smiths were already planning to close it in 2021, as they wanted to start donating privately. In addition, the foundation also had some suspicious payments, such as $3,000 in bank overdraft fees, more than $25,000 donated to mental health organizations that had already disappeared, among others.

Will Smith’s upcoming projects
Professionally, the actor continues with his career as if nothing has happened. Despite the fact that the Academy imposed a 10-year ban on attending the Oscars, the truth is that he hasn’t stopped making films.

As soon as the altercation with Rock happened, he released ‘Empancipation’, a film about slavery that can only be seen on Apple TV. Although his two most ambitious projects are ‘Bad Boys 4’, a film that this week released its first trailer, and the sequel to ‘I Am Legend’, which forgets the ending of the first film, in which his character died.

At 55, Smith is still one of the most beloved and followed actors, regardless of what happened at the Oscars. His career doesn’t seem to have suffered any kind of setback, as Sony continues to trust him, keeping him in one of its most profitable franchises, as does Warner Bros.