Tom Brady And Gisele Bundchen’s Foundation Reportedly Gave Less Than .1% Of Their Worth To Charity Between 2007 And 2019

November 18, 2022 / Posted by:

Now that Gisele Bundchen has traded herself to a team that no longer includes ex-husband Tom Brady, their massive fortune has been split between the two of them. Meanwhile, a charity they’re both board members on, the Luz Foundation, is claiming Tom and Gis may be rich, but they’re also two cheapskates who barely provided any real money towards their charitable efforts. In fact, the former Bradys, two undeniable members of the 1%, gave less than one percent of their combined earnings over the course of twelve years.

According to The New York Post, Gisele started the Luz Foundation back in 2007 because she wanted to empower young girls. And apparently, after Tom became one of the Luz Foundation’s board members, he made sure that it did the bare minimum to appear like a real charitable organization. But the breakdown of the funds they allocated over the course of twelve years sounds more like a child’s piggy bank being filled with pennies so they can grab an ice cream cone on a hot summer day.

In 2018, [The Luz Foundation] gave out $300 to support the Waterkeeper Nicoya Peninsula, an environmental group in Costa Rica, where the couple owned a beachfront home. In that same year, it gave out $900 to the World Wildlife Fund and $1,000 to the Challenged Athletes Foundation, a charity that helps people with physical disabilities, tax filings show.

Most of the Luz Foundation’s donations have gone to yoga and meditation groups. In 2019, the last year for which filings were made available, the Luz Foundation donated $80,000 of its $350,000 budget to the Pointing Out the Great Way Foundation, a Massachusetts-based charity that promotes Indo-Tibetan meditation.

I’m sure Tom could use some of those yoga classes now to clear his mind from his entire world crumbling around him, but at least the one thing he and Gisele were united in was being stingy with their amassed $770 million net worth. At one point, they allocated $50,000 between the David Lynch Foundation and the You Go Girl Yoga foundation, which seems like a lot of money to us because we’re poor. But for them, it was a mere drop in the bucket that simply scraped the big mounds of cash they have tucked away in their bank accounts.

Between 2007 and 2019, the Luz Foundation gave out a total of $640,402 to various groups, an amount that translates to .00008 percent of the couple’s combined net worth.

The Luz Foundation features Bündchen, ex-husband Brady and Peter Mattoon on its board of directors. Mattoon, a financier, is one of a handful of business managers who help Brady with his investments and entrepreneurial ventures. In 2021, Mattoon bought the couple’s Boston condo for $9.2 million.

On top of that, Tom’s other charity, TB12 Foundation, is accused of putting money into his for-profit business:

In addition to the Luz Foundation, Brady, a seven-time Super Bowl champ, heads up his own charity, the TB12 Foundation, which works to “inspire” and help athletes by providing access to “innovative health and wellness resources,” according to public records.

But the charity has been propping up his own for-profit company, according to the Daily Beast. The outlet reported that since the charity’s founding in 2015, the foundation has paid Brady’s similarly named for-profit — TB12 LLC — more than $1.6 million as its single biggest contractor. Both Brady, who is listed as the charity’s president, and Jeffrey Surette, the treasurer of the group, have executive positions with TB12 LLC, according to public records. (When asked for comment by the Daily Beast, a spokesperson for TB12 would only say that the company’s assets do not impact its charitable foundation.)

As far as Tom is concerned, he’ll probably blame his lack of effort in giving more on making sure he had enough in his savings account to stock up on dorky t-shirts emblazoned with his face. I’m sure that takes a huge chunk out of his budget anyway.

Pic: INSTARImages

 

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