> I could swear that I remember a few weeks ago NPR announced that they > had just received a half million dollar endowment from some old rich > person who had kicked off. Have they spent it all already?
A) The half million dollar endowment of some old rich person was to be shown during King Lear. B) The big dough was Joan Kroc of McDonalds and it was $230 Million. (November 6, 2003) "Most of the money -- described by NPR as 'the largest monetary gift ever received by an American cultural institution' -- will go toward the NPR Endowment Fund for Excellence, created in 1993 to provide support for NPR activities independent of other revenue sources." Wiki: For context, the 2003 annual budget of NPR was US$101 million. In 2004 that number increased by over 50% to US$153 million due to the Kroc gift. US$34 million of the money was deposited in its endowment. The endowment fund before the gift totaled $35 million. NPR will use the interest from the bequest to expand its news staff and reduce some member stations' fees. The 2005 budget was about US$120 million. --~--~---------~--~----~------------~-------~--~----~ Like TV only smarter. You received this message because you are subscribed to the Google Groups "TV or Not TV" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/tvornottv?hl=en -~----------~----~----~----~------~----~------~--~---
