Colleen Hoover's Bookworm Box Charity: Financial Irregularities and Film Controversy
[HPP] Ryan HooverFebruary 17, 202625 min
41 connectionsΒ·40 entities in this videoβBookworm Box Charity Shutdown
- π¨ Colleen Hoover's Bookworm Box charity officially closed its doors in 2024, with its final event, the 2024 Book Bonanza, now central to a federal lawsuit.
- π¬ The Book Bonanza event, attended by Blake Lively, was allegedly used to promote Blake's cut of the "It Ends With Us" film and exclude Justin Baldoni, who was uninvited at the last minute.
- π¬ During the charity event, Blake Lively and others reportedly criticized Justin Baldoni's involvement and cut of the film, despite the event's charitable purpose.
Financial Mismanagement Allegations
- πΈ A review of the charity's 990 tax forms revealed that only a small fraction of revenue went to charity, with 11% in 2023 and a mere 6% in its final year.
- π A significant portion of expenses, nearly $700,000 in 2022, was spent on purchasing books, many of which were Colleen Hoover's own titles, potentially generating royalties for her.
- π High program costs, including salaries and subscription box operations, consumed the majority of the charity's funds, leaving minimal amounts for actual grants.
Shifting Charitable Priorities
- π― The charity's donation patterns shifted, with a notable increase in contributions to the Michael J. Fox Foundation, which has ties to Ryan Reynolds, while support for domestic violence and women's causes decreased.
- β οΈ Despite Colleen Hoover's books often addressing trauma and domestic violence, the charity's final donations largely excluded organizations focused on these issues.
Questionable Expenses and Personal Wealth
- βοΈ In its closing year, the Bookworm Box reported $200,000 in travel expenses and $104,000 in legal services, despite having no prior travel costs or ongoing lawsuits.
- π‘ Coinciding with the charity's closure, Colleen Hoover purchased a $5 million luxury home in cash in Puget Sound, Washington, raising questions about her personal financial decisions versus the charity's mission.
- π Colleen Hoover was reportedly upset with Justin Baldoni for not donating film proceeds in her name, yet she personally spent millions on a home instead of contributing to charity.
Charity's True Purpose Questioned
- π Critics suggest the Bookworm Box may have functioned as a vehicle to boost Colleen Hoover's book sales and promote her brand rather than primarily serving charitable causes.
- π The charity's shutdown is speculated to be a move to avoid potential IRS audits and scrutiny from charity watchdog organizations due to its financial practices.
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Whatβs Discussed
Colleen HooverBookworm Box CharityBook BonanzaIt Ends With Us FilmBlake LivelyJustin BaldoniNon-profit FinancialsCharitable DonationsRoyalty PaymentsDomestic Violence ThemesMichael J. Fox FoundationTravel ExpensesLuxury Home PurchaseTax DeductionsIRS Audit
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