KLRN Endowment Fund, Inc.

The KLRN Endowment Fund, Inc. (The Fund) was chartered April 4, 1994 to support KLRN. The Fund has grown to over $3.9 million.The investments of the Fund are managed by The Investment Committee of The Fund's Board of Trustees and South Texas Money Management.

PURPOSE: The KLRN Endowment was created to enable KLRN to make the long-range commitments necessary to improve the efficiency and effectiveness of station operations and local productions.

To allow KLRN to maintain its lead in providing unparalleled educational services, universal access to its broadcast services, community responsiveness, outreach activities and outstanding programming. Any gift of $100,000 or more becomes a named fund within the Endowment Fund, Inc. Donors may designate the purpose of named funds.

For further information, contact Cynthia Shields at cshields@klrn.org or 210-208-8439.

 

Named KLRN Endowment Funds

Gifts of $100,000 or more may be designated for the General Fund and 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, Inc.

• The M and H Converse Fund
• The Evelyn White Thomson Affleck Fund
• The Leo Block Fund
• The Gorman Foundation Fund
• The Elizabeth B Loch Fund
• The Jeanne Lang Mathews Fund
• The William and Salome Scanlan Foundation Fund
• The Weldon Sheffield Fund
• The Ruth Eileen Butler Sullivan Charitable Foundation Fund
• The Irene Wischer Fund

Restricted Named Funds within the KLRN Endowment Fund, Inc.

• 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 2010-2011

EXECUTIVE COMMITTEE
Robert T. Rork, Chairman
W. W. “Bo” McAllister, III., Immediate Past Chair
William Scanlan, Jr.,Vice Chair & Chair-elect
Jimmie Ruth Evans, Secretary
David Flora, Treasurer
J. Russell Davis, Member at Large
Jennifer Shemwell, Member at Large

TRUSTEES
Eugene Ames, Jr.
Charles Cheever, Jr.
Betsy Dudley
Bjorn Dybdahl
Bruce Flohr
James W. Gorman, Jr.
Stefan Grater, Ph.D.
Gilbert Lang Mathews
Karen Norman
Lisa Dreeben Sechler
Carol Severyn
Phyllis Siegel
Mark Watson, III


EMERITUS
Phyllis R. Browning
Bartlett Cocke, Jr.
James Gorman
Mary Anne Hollmig
W.W. "Bo" McAllister
Sol Schwartz
Ruth Eilene Sullivan


ASSISTANT TREASURY EX-OFFICIO
Patrick Lopez

 

Policy Statement KLRN Endowment Fund, Inc.

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.