Communist and Viet Cong lover, ‘Hanoi Jane’ Fonda, has a charitable foundation that has nearly $800,000 in assets but hasn’t made one charitable contribution according to her 2011 tax return.
Hanoi Jane with the Viet Cong
There were no payouts in 2010, 2009, 2008, and 2007. In 2006, the group made a single $1000 donation to the Atlanta Obstetric and Gynecology Society.
Fonda claimed she works 10 hours a week for the charity.
By not making any charitable donations, she is violating tax law.
IRS regulations require private foundations to make annual distributions totaling at least five percent of its assets. The rule is intended to prevent foundations from stockpiling and investing funds (while never making contributions, gifts, or grants). If applicable, the so-called Five Percent Rule could have forced Fonda to distribute a minimum of about $40,000 in 2011.
The IRS is too busy targeting tea party groups to really bother with this however.
Why does she have this charity? For show, to avoid taxes?
Read the story at the smoking gun