Farrah Fawcett Foundation is okay despite report

HollywoodNews.com: No good deed goes unpunished. Plant a story on the inter-web and watch it grow! By Sunday night, the world probably thought the Farrah Fawcett Foundation, started by the late star and run by her best friend, was in hot water with the California State Attorney General. But it’s not true. The Farrah Fawcett Foundation received a typical letter from the California AG office for an audit. They complied. The letter is attached to this story, obtained exclusively here.

Alana Stewart, Fawcett’s best friend and co-producer of the hit documentary that aired on NBC before she died, takes umbrage. She tells me the churning of the waters has to do with a couple of disgruntled exes–an employee and a past boyfriend of Farrah’s–and of a former business partner who didn’t get his way. Indeed, I’ve checked the three published Form 990s for the Farrah Fawcett Foundation, and they are fine. There is no malfeasance.

For the next filing, Stewart says we’ll see a couple of changes. She is now taking the meager sum of $50,000 a year as a salary. Plus, the foundation finally moved into regular offices, so a rent increase is shown. Saya Alana: “In 2009, we had no offices. They took two old office rooms in the building and made them into a great office, construction, decorating etc. was an expense, but a reasonable one. Is that what you mean? They started construction the latter part of 2009, I believe.”

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One Comment

  • October 1, 2011 | Permalink |

    “and Stewarts meager salary of $50,000″…yeah, thats more than shes “earned” in 20yrs. Living of exes ( and best friends) for her entire adult life so $50g is more than shes worth. Leech

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