Other donations included $10,000 each from the NFL Foundation, Fox Sports , and Federico Laurencich, a helicopter pilot in Costa Rica, where Brady and Bündchen owned a hilltop mansion.
As part of its filings with the state of Massachusetts, the nonprofit has also presented a glimpse into the finances of TB12, Inc., which it lists as a related organization to the TB12 Foundation. The for-profit nutrition and wellness company sells things like a $160 vibrating “pliability” roller, $60 plant-based protein powder, and $200 sessions with its body coaches.
In 2017, TB12, Inc.’s net assets jumped to over $5.72 million before dropping to $3.62 million the next year. In 2019, the records show, TB12, Inc.’s net assets plummeted to $176,435 and a year later had a negative balance of $7.41 million. Before the reported negative balance, Brady was under fire during the COVID-19 pandemic when it was revealed TB12, Inc. received nearly $1 million in loans from the federal Small Business Administration’s Paycheck Protection Program. Data from the SBA shows TB12, Inc.’s loan of $960,000, which the company claimed would support 80 jobs,
In 2021, according to tax forms, that mission included helping “individuals through our scholarship program” and serving student athletes from high schools in Brockton and Malden, Massachusetts.
The foundation, they added, receives backing from individual and corporate donors, fundraising dinners and auctions, a grant from the NFL Foundation, and proceeds from Brady’s events and endorsements.Still, Brady’s personal funding of his own charity appears limited.
Every time a journalist figures out why zillionaires create charitable foundations.
Wonder who gave him that idea?
How is this legal? How can we Americans stop this? It’s disgusting and so disrespectful
Becoming increasingly clear why giseleofficial moved on.
I’m sure he’s disgustingly selfish. His wife sure agrees. His politics make him sound like an 11 year old.
How is this a surprise? The man cheats in Football, and WORSHIPS Trump. Total garbage.
NFL world reacts to shady Tom Brady charity scandal. Between the scandals, the business losses and all the on-field struggles, it has certainly been quite a year for the legendary quarterback. Luckily for him, the year is almost over.
Whatever. Let's just keep in mind the Daily Beast is bacteria. Biggest collection of low life's since the movie Con Air.
Skumbag
GrahamQuacka JaySnags22
Now I understand the whole Trump thing, it appears Brady learned from the best.
Now check into the Patriots paying his foundation under the table in lieu of a massive qb contract.
I hate brady
private 'Charities' need to be regulated or eliminated. and repeal Citizens UNited while you're at it, RepJeffries
Sadly most charities do this
It’s a big club smh PhilmMiller
BrettFavre is proud!
Tom Brady is the biggest fraud ever! What a pathetic man, Giselle did the right thing by leaving him.
Isn't this page one in the MAGA playbook?
Fortune favors the brave
He'll be playing in the NFL for another 3-5 years just for the money. His downfall is epic
Sounds exactly like Trump…
Lwme07 How very Trumpian
TaxTheRich
No such thing as a free lunch and no such thing as charity!
tom brady is on cutting edge peds no fucking doubt
Shocker /s. All these rich people having “charities” are just participating in legal money laundering.
Typical republican
He is so disgusting. I don’t know why anyone likes him.
TheFalcoholic No one says “paltry” without trying too hard
that's because america is now more than ever about reality-tv and 'winners'. Sports 'heroes' who make $300 million contracts. Which team won?! Did MY team win? Cos' right, that's all that really matter$, right? texas football is the sorta place that grooms this greedy bull.
once again outdoing favre
Isn’t this a version of money laundering?
How deflating
All the Trumpsters turn out to be grifters.
How many more ways can we learn that Tom Brady is a scumbag?
Did he ever pay back the PPP $$?
Oldharley1947 Tom should now hook up with Kanye. They both love themselves entirely too much…
No way! A trump lover exposed as a grifter and a tax avoider? Next youre gonna tell me he cheats at things
Shocker. Another rich guy avoiding taxes.
FTXScandal HES IS MENTIONED IN LAWSUIT