You remember Hanoi Jane, right?
Well, since her halcyon days as a Communist rally organizer and America Hater First Class, she’s apparently mellowed with age. She’s now 75 and hasn’t made a movie in forever, and doesn’t show up at any Democratic events anymore either. My guess is that since today’s Democratic Party is a tad to the left of where she was in 1968 she’d feel out of place being the most conservative one in the room.
Hanoi Jane is now Charity Jane. She has her own foundation, the Jane Fonda Foundation, and she spends her time – when she’s not elbowing John Kerry out of the way for Botox – running her foundation.
Though Jane Fonda’s private foundation has nearly $800,000 in assets, the group has not made a charitable contribution during the last five years for which it has filed federal tax returns, an apparent violation of Internal Revenue Service rules.
According to the Jane Fonda Foundation’s most recent tax return–filed last year and covering calendar year 2011–the organization’s cash, stock, and bond portfolio was valued at $798,133. The filing lists the 75-year-old actress as the foundation’s president and chairman of the board, and reports that she devotes 10 hours a week to the charitable group.
The foundation hasn’t made a charitable contribution since 2006, according to IRS public records, when they donated $1,000 to the Atlanta Obstetric and Gynecology Society.
The interesting part of this is that while the IRS has plenty of time to harass conservative 501-c4 groups, and audit critics of ObamaCare, they are ignoring Hanoi Jane’s compliance problems with her foundation.
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.
If a private foundation fails to make required minimum distributions, it faces stiff IRS penalties.
I can’t wait to find out when they’re planning on auditing her. After all, the IRS are non-partisan public servants, right?
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