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Crosscut: KING-FM - Making the cut as a non-profit?

Some are touting this classical station’s nonprofit status as a success. Read deeper: “This robust membership income — along with a $250,000 gift from the Bill & Melinda Gates Foundation, a $100,000 gift from Harriett Bullitt, a $50,000 grant from the Tateuchi Foundation, and $1 million worth of gifts from nearly 100 ‘leadership donors’ — also helped KING-FM exceed its goal of creating a $2 million ‘transition fund.’” Every nonprofit needs a sugar daddy or three. How durable those sugar daddies are, is the question.

12/02/11 • 01:21 PM • Arts • Economics • Entertainment • Music • No Comments

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