The CapRadio Endowment was established in 1987 to create a permanent, self-sustaining funding source with the sole purpose of advancing the mission of CapRadio.
Later incorporated in 1992, the Endowment has supported innovation and creativity for the last 30+ years while helping us weather the ups and downs of the economy.
The Endowment is a symbol of the trust and confidence that our supporters have in our organization. While our annual fund drives and donor engagement activities continue to provide funds for ongoing operations, Endowment funding has been instrumental in helping support key initiatives that allow us to innovate, such as:
- Strategic Planning
- Development of new programming
- The CapRadio Garden at Sacramento State
- Acquiring the license to our KUOP station in Stockton
The CapRadio Endowment is an independent 501(c)(3) charitable organization. The Board of Directors is very engaged and has played a key role in distributing funds that will have an immediate and long-term impact at the station. The current Board of Directors includes:
Retired - Attorney
Retired - Attorney/Entrepreneur
President Emeritus, Ex Officio
Retired - Senior Management, CalPERS
Retired Financial Advisor
Certified Financial Planner
Foord Van Bruggen & Pajak
Retired - Attorney
General Manager, Ex Officio
Senior Software Engineer
Endowment funds are also managed by professional financial advisors. As the overall value of the Endowment increases, so does the income transferable to the operating budget. As of April 2021, the Endowment corpus was roughly $2.2 million. Most recent audited financials can be found here.
Many donors have given generously to build this flexible funding source. The principal of the Endowment will never be depleted, and only the investment income is used to fund projects and programs that advance our mission.
When new ideas and opportunities arise, we want to respond thoughtfully yet quickly. A strong Endowment allows us to do that, and is vital to CapRadio’s long-term health.
Your support of the Endowment will have a lasting impact in our listeners, supporters, and communities well into the future.
You can support the Capital Public Radio Endowment in many ways:
Make a gift of cash, securities, or property.
Make a direct contribution from your IRA (if you are over 70 ½).
Leave a bequest in your will or estate plan.
Add us as a beneficiary of your retirement plan assets.
Establish a Charitable Gift Annuity.
Establish a Charitable Remainder Trust or Charitable Lead Trust.
Gifts to the Endowment may provide attractive tax benefits. We recommend that you consult your legal or financial advisor before making a significant gift.
Legal Name: Capital Public Radio Endowment Inc
Address: 7055 Folsom Blvd., Sacramento, CA 95826
Federal Tax ID Number: 68-0118926
For more questions or information, please contact Joseph Martin at (916) 278-8933 or [email protected].