(Image via Instagram: Gisele Bundchen) Tom Brady’s ex wife Gisele Bundchen’s “more money to put into this project” remark raises questions as Luz Foundation reports just $640K in donations between 2007 and 2019
Tom Brady’s ex-wife Gisele Bundchen , appeared in a 2015 interview with The Sydney Morning Herald, in which she revealed that she did not want people to think she simply posed for pictures. When the legendary NFL quarterback and the Brazilian supermodel finalized their divorce and divided an estimated $770 million in assets in October 2022, the couple’s charitable donations amount also came under scrutiny. Tom Brady and Gisele Bundchen’s Luz Foundation reportedly donated less than 1 percent of the couple’s combined net worth to various charities, according to the New York Post. Tom Brady and Gisele Bundchen’s Luz Foundation has given out small grants to other groups since its inception in 2007, according to public records. The Nassau County-based nonprofit organization donated $300 to support a Costa Rican environmental group, Waterkeeper Nicoya Peninsula, in 2018. Two other donations were made the same year – $900 to the World Wildlife Fund and $1,000 to a charity that helps people with physical disabilities – the Challenged Athletes Foundation. In 2019, the foundation donated $80,000 of its $350,000 budget to a Massachusetts-based charity that promotes Indo-Tibetan meditation, the Pointing Out the Great Way Foundation. The nonprofit gave $25,000 to a New York-based group that promotes meditation and yoga in schools, the David Lynch Foundation, in 2018. The same year, a Massachusetts-based group You Go Girl Yoga, also received a $25,000 donation. The foundation also donated $48,000 to an environmental charity in 2014 and $25,000 to the same charity in 2015. In total, the Luz Foundation donated $640,402 to various groups between 2007 and 2019, that is a period of 12 years. The total amount $640K translated to 0.08 percent of the NFL power couple’s estimated combined net worth – $770 million. Join conversation Share your thoughts in the comments Be respectful · TOI community guidelines Tom Brady’s ex-wife, Gisele Bundchen, started the Luz Foundation in 2007 to offer grants and support young girls. The foundation received its IRS tax-exempt status in August 2010 and is based in Surfside, Florida. In 2012, he bought the couple’s Boston condo for $9.2 million.
Because that’s [why] God gave me to do what I can do, right, “I know from the outside people think, ‘this girl just poses for pictures,’ but in my head, I’m thinking the whole time, ‘okay, if I can take this job, then I can have more money to put into this [project].’ vbSo that’s what I’m doing.
“My life is devoted to this,” she said in a 2015 interview with The Sydney Morning Herald. She would always think that if she took on another job [modeling assignment], she would have more money to put into her project, her charity – the Luz Foundation. But that may not have been the case. A majority of the donations went to yoga and meditation groups. The nonprofit lists Bundchen, her ex-husband Tom Brady, and Peter Mattoon as members of its board of directors. Mattoon is a financier who helped Brady with his investments and business ventures. Get the latest Sports News and Live updates. Download the TOI app.