The Will And Jada Smith Family Foundation has closed their foundation after being fired from the Oscars

The Will and Jada Smith Family Foundation, founded by Will Smith and Jada Pinkett Smith, is expected to close after an Oscars scаndаl; however, the closure was apparently planned before to the incident in 2022.

Tax returns reveаl that following the event, their revenue and donations drastically decreased, from $1.7 million in 2020 and $2.1 million in 2021 to a pitiful $366,000 in 2022, according to a report from Variety that was published on Tuesday, March 26.

Before the Oscars, the pair was closing down the foundation they formed in 1996, a source told the publication. These days, they’re more concerned with making individual, non-foundation philanthropic contributions of the same amount.

The insider highlighted how the company cut the wages of its two employees before to the Oscars in 2021 and how, as of 2022, there was no paid personnel at all.

After Chris Rock made a G.I. Jane joke about Jada Pinkett Smith’s bald head during the 94th Annual Academy Awards, Will Smith notoriously struck him on live television, as has been widely documented.

The superstar actor is back with a vengeаnce after apologizing and taking a break from the limelight. This week, the trailer for the upcoming Bad Boys 4 starring Martin Lawrence was shown.

The teaser, which debuted on Tuesday, March 26, portrays the Fresh Prince looking dapper in a white tux, Lawrence negotiating a gu𝚗 to his head, and the song “Going Bad” by Meek Mill and Drake as the music.

Officially named Bad Boys: Ride or Ԁie, Sony Pictures has scheduled the film’s June 7 release date.

The Oscar winner first revealed details about the film on social media in January 2023. He posted a video of himself screaming, “It’s about that time!” as he drove up to Martin Lawrence’s house and started blaring “Shake Ya Tailfeather” by Nelly, Diddy, and Murphy Lee from the Bad Boys II soundtrack.

It relates to that moment. It’s confirmed. “Bad Boys for life,” Smith declared vehemently, before realizing that Lawrence and he had previously used the same title for the film in 2020’s installment. However, that’s not what we should have termed it. This is Bad Boys 4, but the three was the ‘E.’