KLRN Endowment Fund, Inc.
The KLRN Endowment Fund, Inc. is a separate 501(c)(3) nonprofit organization chartered on April 4, 1994, so that the Alamo Public Telecommunications Council, dba KLRN, can make long-range commitments. Through restricted and unrestricted grants, bequests and gifts, KLRN can remain a leader in educational services and quality programming while offering universal access to broadcasts.
The Fund’s Board of Directors has protected the Fund’s principle with a policy statement so that it remains perpetual and preserves the future of KLRN for your children, grandchildren and beyond. To ensure the Fund's growth, KLRN receives only a portion of investment earnings. The Investment Committee of The Funds’ Board of Directors manages investments, which currently total over $6.9 million.
Any gift to the KLRN Endowment Fund, Inc. of $100,000 or more becomes a named fund within the Endowment Fund. Donors may designate the purpose of named funds or make them available to the General Fund. Smaller gifts may be designated to these named funds to assist with growth. KLRN perpetually recognizes named funds on air.
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Named KLRN Endowment Funds
Endowment gifts of $100,000 or more may be designated for the General Fund or Program Groups.
- Funding for General Programming and Operations
- Wellness, Health and Medicine Programming
- Children’s Programming
- News, Financial and Public Affairs Programming
- Educational Programming
- Cultural Arts, Fine Arts and Performing Arts Programming
- Documentaries and History Programming
Gifts under $100,000 may be designated for the General Fund or be added to an existing named fund.
Individual Named Funds within the General Fund of the KLRN Endowment Fund:
- The Merle and Helen Converse Fund
- The Evelyn White Thomson Affleck Fund
- The Leo Block Fund
- The Gorman Foundation Fund
- The Cleo I. Johnson Fund
- The Elizabeth B Loch Fund
- The Jeanne Lang Mathews Fund
- The William and Salome Scanlan Foundation Fund
- The Weldon Sheffield Fund
- Daniel J. Sullivan Family Charitable Foundation
- The Irene Wischer Fund
- The Maxie Groce Templeton Fund
Restricted Named Funds within the KLRN Endowment Fund:
- The Carlton F. Hartman Family Fund for Documentaries and History Programming
- The Bob Roth Fund for Telecommunications Equipment
- The David B. Terk Fund for Children's Programming
- The John Newman Fund for Documentaries and History Programming
Board of Trustees
Ruth Eilene Sullivan, Chairman
William Scanlan, Jr., Immediate Past Chair
W.W. "Bo" McAllister, Vice Chair & Chair-elect
Carol Severyn, Secretary
Stefan Grater, Ph.D., Treasurer
Bruce Flohr, Member at Large
William G. Moll, Member at Large
Harriet Marmon Helmle
Conrad J. Netting, IV
Katharine Schlosberg, Ph.D.
Michael A. Schott
The Honorable Rose Spector
Doris B. Spector
Mark Watson, III
C. Martin Wender
Phyllis R. Browning
Charles Cheever, Jr.
Bartlett Cocke, Jr.
J. Russell Davis
Jimmie Ruth Evans
James W. Gorman, Jr.
Mary Anne Hollmig
Gilbert Lang Mathews
Phyllis Siegel, Ph.D.
Lisa Dreeben Sechler
Jeanne Lang Mathews
Assistant Treasury Ex-Officio
KLRN Endowment Fund policy statement
The KLRN Endowment Fund, Inc., (the “Fund”) is a non-profit corporation 501(c)(3) under the laws of the State of Texas, and is governed by its Board of Trustees, for the purpose of establishing, maintaining and operating an endowment to support KLRN TV.
An individual may establish a “named endowment” for a gift amount of $100,000 or more. The purpose of the endowment may be to support a specific area of programming, a special project, or KLRN-TV operations. The gift, its purpose and restrictions are subject to the approval of the Gift Acceptance committee of the Board of Trustees of the Fund.
The Fund has established a “general endowment” to support KLRN’s operations, including programming areas, including (but not limited to) performing arts, science, and natural history programming; production areas, including (but not limited to) community outreach, documentary, series and special projects; general operations, including (but not limited to) administration, marketing, research, development, telecommunications and broadcast; and technical equipment, including (but not limited to) acquisition, maintenance and repairs. Individuals may contribute any amount to the general endowment.
The Gift Acceptance Committee of the Board of Trustees of the Fund shall have the responsibility for approving the acceptance of all restricted gifts and all non-restricted gifts other than cash, including but not limited to real property.
The Investment Committee of the Board of Trustees of the Fund shall select a money manager to invest the assets of the Fund and shall provide guidelines for the money managers and shall review the performance of such money manager.
The Fund shall prepare an annual report that shall be made available to the public of its endowment assets and investment performance. Accurate accounts shall be kept of the general endowment and of each named endowment.
The Board of Trustees shall establish the amount each year that the Fund may distribute or expend from the “available funds” of a named endowment or from its general endowment. “Available funds” include any amount over the original gift amount, but the original gift amount (corpus or principal) shall be held intact and cannot be invaded.
If it becomes impossible to carry out the purpose of a named endowment, the Board of Trustees, upon an 80% vote of the Trustees (and, after consultation with and agreement of the donor, if living), may change the purpose of the named endowment to another similar purpose, or may transfer the assets of the named endowment into the Fund’s general endowment.
The Board of Trustees can amend this policy at its discretion at any time upon a written consent of 80% of the Trustees; provided, however, Section 7 and Section 8 of the Policy Statement may not be amended in any manner with respect to any endowments which have been made or pledged prior to the date of any changes made. The terms of this policy will not be interpreted as donor required limitations or restrictions. Any donor required limitations or restrictions must be stated in a written instrument of gift agreed to and signed by the Fund.