Will Smith Gave Away $1.3 Million In Donations Last Year

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According to Fox News, Will Smith has given away a total of $1.3 Million in donations to various charities last year.

Just-released tax returns for movie star Will Smith’s charitable foundation show he and wife, Jada, gave $1.3 million in donations last year to a variety of religious, civic and arts groups.

Smith’s biggest single contribution was, as usual, Yesha Ministries of Philadelphia. He gave the born-again Christian based organization run by Reverend James Robinson a whopping $250,000. That’s a hefty raise from the $140,000 he gave them the previous year. Another $200,000 went to a Christian ministry outside Los Angeles called Living Waters.

He also gave a combined $122,500 to the Church of Scientology, broken into these donations: $67,500 to the New York Rescue Workers Detoxication Fund, $50,000 to the group’s Celebrity Center in Hollywood and $5,000 to ABLE, another Scientology offshoot. Smith and his wife have also supported a private school called New Village Academy they opened this fall in suburban Los Angeles that uses Scientology learning concepts.


Will Smith & Partners Launch New Company Red Pearl Pictures


Will Smith is looking to feed the demand of entertainment out to the Middle East. Will Smith has teamed up with his Overbrook partners James Lassiter, Ken Stovitz, and Diana Jenkins to launch Red Pearl Pictures, a company which will distribute Western films throughout the Middle East.

Red Peal Pictures will be located in both Los Angeles and the Middle East and is currently looking for a chief executive to run the company. The objective is to feed the growing demand for entertainment in such Middle Eastern markets as Qatar, Abu Dhabi, Dubai, Saudi Arabia and Egypt.      

Overbrook Entertainment has already looked outside of the box as the company made a deal with the chief of India’s UTV, and Sony to produce films meant to play in the Indian marketplace.

Red Pearl Pictures adds on to the existing list of Mideastern distributors that already have deals with U.S. movie studios and independent companies. This definitely seems like a growing trend for many movie studios. Let’s just see what movie studios will actually shed out money during this recession.

Jaden Smith Is The Next Karate Kid


Jaden Smith, the son of Will Smith, has just landed a new acting gig to be apart of an all new version of the 1984 hit film “The Karate Kid”. The movie will be produced by Jerry Weintraub and Will Smith’s Overbrook Entertainment, along with his partners James Lassiter and Ken Stovitz. The film was written by Chris Murphy and will begin shooting next year in Beijing and other cities.