The Broadcasters' Foundation Endowment Fund was established in 1998 by a resolution of the Broadcasters' Foundation Board of Directors. The fund has as its exclusive purpose to ensure that financial assistance will be available in perpetuity to broadcast colleagues who, through no fault of their own, are in acute personal financial need. The earnings from the endowment are used exclusively to support the benevolent outreach of the Broadcasters' Foundation, and board resolutions stipulate that the corpus of the fund will remain forever intact. To qualify for help, an individual must go through a thorough application process which includes a financial statement, income tax returns, reference checks, and a physician's medical statement, when appropriate.
Monthly grants vary in size depending on individual circumstances.
All grants are approved and renewed annually by the Broadcasters' Foundation Executive Committee. The grants are made anonymously. Click here to see a list of current contributors. The following are four of the many actual cases supported by the Broadcasters' Foundation. He has been unable to work since surgery and is raising a teenage daughter alone.