Connie Ballmer gives record $80 million to NPR in cuts to public media faces


The woman in the purple jacket and the man in the black suit pose outside
Connie and Steve Ballmer have given billions in philanthropic donations. Photo by Eric Feferberg/AFP via Getty Images

philanthropist Connie Ballmerhis wife former Microsoft CEO Steve Ballmeris making a big bet on the future of public media as federal funding cuts squeeze broadcasters nationwide. She has donated 80 million dollars to National Public Radio, NPR announced yesterday (April 16). The gift, the largest ever from a living donor to NPR, will fund the network’s push into digital platforms. It comes alongside an additional $33 million contribution from an anonymous donor to support stations across the NPR Network, bringing the total infusion to $113 million at an uncertain time for public media.

“I support NPR because an informed public is the foundation of our society and democracy requires strong, independent journalism,” Connie Ballmer said in a statement. “My hope is that this commitment provides the stability and spark that NPR needs to boldly innovate and strengthen its national network.”

Connie Ballmer co-founded the Ballmer Group more than a decade ago with her husband, and the couple previously launched the nonprofit Partners for Our Children in the 2000s with a $10 million donation. In recent years, the couple has increasingly directed their wealth toward philanthropy, focusing on fighting intergenerational poverty.

Steve Ballmerwho led Microsoft from 2000 to 2014 and now owns the NBA’s Los Angeles Clippers, is the 14th richest person in the world, with a Estimated net worth is $134.4 billion. He is the first business executive to achieve such wealth status without founding his own company, thanks to his early stake in Microsoft.

Their latest move comes as public media organizations grapple with the fallout from federal funding cuts. In an interview with The Chronicle of Philanthropy last year, Connie Ballmer admitted that philanthropy alone “cannot fill the holeHowever, the couple has stepped in to support the institutions hardest hit by the recession, including public broadcasters.

Last year, Congress withdrew more than $1 billion in funding previously approved for public media through the Corporation for Public Broadcasting (CPB). The cuts translated into a budget loss of about 10 percent for the average public radio station, with even greater impacts for public television and PBS. While NPR relies less on CPB funding than many of its peers, it has still seen its annual budget shrink from 1 percent to 2 percent.

A federal judge offered some relief last month, ruling that President Donald Trump’s executive order halting funding for NPR and PBS was unconstitutional. However, the decision did not return the funds that had already been cancelled.

That makes the timing of Connie Ballmer’s gift especially important. NPR plans to use the funds to accelerate its digital strategy, expanding its reach on modern platforms and investing in tools to better understand and engage audiences. The additional $33 million will help member stations strengthen capabilities in areas such as audience analytics, marketing and fundraising.
The combined $113 million represents NPR’s largest influx of philanthropic support since 2003, when Joan Krochis wife McDonald’s ExECUTIVE Ray Krocleft the organization $200 million. Recent major gifts include a $10 million donation in 2018 from former NPR CEO Jarl Mohn and his wife, Pamela.

Because the new funds are earmarked for specific initiatives, they are not expected to make up for broader budget shortfalls. of the broadcaster is not yet ruling out future job cuts while navigating the constant financial pressure. “While these investments are extraordinarythey do not replace federal funds,” he said Katherine MaherNPR president and CEO, in a blog post.

However, Maher created the donations as a catalyst for much-needed transformation. The funding will help accelerate priorities already on NPR’s agenda, including building a more sustainable network and moving to a digital-first future. “After 50 years of providing exceptional services to the nation, it was time to rethink our services for the next 50 years,” she wrote.

Connie Ballmer gives record $80 million to NPR in cuts to public media faces





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *