Will Smith and Jada Pinkett are shutting down their charitable foundation . . . partly because donations have gone way down since the "Oscar slap" in 2022.
In 2021, the foundation took in $2.1 million. The following year it was down to $365,870 . . . an 83% drop.
A so-called "source" claims Will and Jada were winding the foundation down anyway, and wanted to concentrate on personal charitable donations instead.
Records show that in recent years, the foundation gave thousands to shady mental health organizations, and spent funds on office equipment, computers, and, quote, "bank overdrawn" fees.
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