Hollywood megastar Brad Pitt and the charitable foundation he helped create donated more than $24 million in 2009 to survivors of Hurricane Katrina to help them secure mortgages for new homes, RadarOnline.com has exclusively learned.
EXCLUSIVE DOCUMENTS: Make It Right Foundation's Tax Returns
What's more, Pitt and Co. were able to raise an additional $20 million for the people of New Orleans, who continue to rise from the ruins more than five years after the natural disaster.
According to tax forms obtained by RadarOnline.com, the Make It Right Foundation's assets soared from $19,781,522 to $40,781,113 in 2009 -- a gain of $20 million.
"Its primary goal is to provide high-quality, energy-efficient housing to families in need, and to improve the development of communities in which they live," the organization says in its mission statement.
The foundation lists 15 primary goals they achieved with the money raised in 2009 including:
- building the first permitted floating house in America
- creating a micro-farm and community gardens in the lower 9th ward
- providing $2 million in gap financing to residents participating in their program
- building homes that garnered the highest possible rating given by the U.S. Green Building Council
- offering individual home-ownership counseling services and group workshops to the New Orleans' community.
Pitt and his off-screen love, Angelina Jolie, have been outspoken philanthropists, starting the Jolie-Pitt Foundation in 2006 to aid humanitarian causes around the world, donating money to Global Action for Children and Doctors Without Borders.
The Make It Right Foundation only lists six paid employees working an average of 38.35 hours per week with reported compensation at $324,854, in total.
Most of the organization's expenses were put towards construction costs and they were able to put forth $24,402,266 to secure mortgages and notes payable to unrelated third parties.
Pitt has been an advocate for rebuilding New Orleans, teaming up with 13 architectural firms and the environmental organization Global Green USA, having several of the companies donate their services.
The Inglorious Basterds actor and Jolie even purchased a home in New Orleans where they frequently stay with their six children; Maddox, 9, Pax, 7, Zahara, 5, Shiloh, 4 and twins Knox and Vivienne, 2.