ANNUAL REPORT 2016 For Fiscal Year Ending December 31, 2016 Taishoff Family Foundation

Sol Taishoff Lawrence B.Taishoff 1905-1982 1933 - 2006

The Taishoff Family Foundation was established by and traumatic brain injury, to name a few. Toward the late Lawrence B. Taishoff and his son Rob in this goal, the Taishoff Family Foundation has honor of their legendary father and grandfather, established the Lawrence B. Taishoff Center for Sol Taishoff, the founder and editor-in-chief Inclusive Higher Education at Syracuse University. of Broadcasting magazine. As journalists and The Taishoffs also provided critical initial funding publishers, Sol and Larry Taishoff played a seminal for the Library of American Broadcasting, now role in the development of the radio and television located at the University of Maryland. Sol Taishoff industry in America. As champions of a free and himself was one of the founders of the Broadcast unfettered broadcasting profession, Broadcasting Pioneers organization which, as you know, has now magazine was created as the instrument and become the national charitable endeavor known manifestation of their devotion to resemble as the Broadcasters Foundation of America which a “sentinel on the Potomac” to warn against you and so many of our colleagues support. government intrusion into the creative processes and activities of radio and television broadcasters. Today, the Taishoff Family F o u n d a t i o n i s a d m i n i s t e r e d by the third generation of family members who The Taishoffs devoted their entire lives to extending support, among their many worthwhile endeavors, the values and protections of the First Amendment the National Press Foundation which annually to “The Fifth Estate” which was the designation presents the Sol Taishoff Award for Excellence in bestowed upon the broadcasting fraternity by Electronic Journalism. Retired Captain Robert Sol Taishoff so many years ago. The vision and Taishoff USN, is the chairman of the Taishoff Family foresight of both Taishoffs often caused them to Foundation. The Broadcasters Foundation of be allied on many of the great issues of the day America extends its deep gratitude to the Taishoff with the work and example of one of our own family for carrying on the legacy of their illustrious founding chairman Ward L. Quaal. In 2009, the forebears by underwriting On The Air magazine, Taishoff family was honored with a Ward L. Quaal and this Annual Report, which is distributed widely Pioneer Award. In addition to their commitment throughout the broadcast industry. to journalistic causes and a free press, the Taishoff Family Foundation is also active in improving the Taishoff Family Foundation lives of people with intellectual disabilities. The Foundation has developed resources to help Sol Taishofff Lawrence B.Taishoff educate society about the special skills and 1905-1982 1933 – 2006 talents of people with Down syndrome, autism

2 Letter from the Chair

Golf Tournament help generate essential revenue and awareness of what we do. Part of our challenge will be to continually renew and revitalize the means by which we fund the Foundation, and I’m excited about the opportunity to create distinctive new events and fund raising vehicles. Dan Mason We have many people to thank – high among them the Taishoff Family, whose commitment to our organization is unique and remarkable, underwriting our “On the Air” magazine and this Annual Report. Demand for our assistance continues to In our most recent year of service to the grow, and it is my great hope that even broadcasting industry, I’m pleased to broader industry support will enable us to report that the Broadcasters Foundation of help a growing population of current and America was able to give a substantial sum former broadcasters who find themselves of financial assistance to broadcasters in in need. dire need of our support. Our efforts were once again made possible by the generous With the vital help of many parties you will support of industry colleagues whose see identified in these pages – Board commitment to helping others contributed Members, Corporate Angel donors, to a successful year for the Foundation. sponsors, benefactors and Broadcasters Thanks to numerous Broadcasters Foundation of America event participants Foundation of America industry friends old – our organization continued to provide and new, the past year was notable for the life-saving assistance to a diverse group of success that our organization enjoyed. industry professionals in critical need.

In spite of the consolidation going on in our I am privileged and honored to serve as industry, in 2016, our Foundation continued the new Chairman of the Broadcasters to attract major funding support from Foundation of America. On behalf of the individuals, leading broadcast industry board of directors, our heartfelt thanks to companies, associations and others who everyone who has made our work possible believe in the work we do for industry and made such a difference in the lives of members in need. This past year we have so many. had great success with our annual events, which are critical to funding the assistance Sincerely, we provide broadcasters and continue to Dan Mason be a major source of income to the Chair Broadcasters Foundation. The Golden Mike Award Dinner, The Philip J. Lombardo Charity Golf Tournament and The Celebrity

3 Letter from the Treasurer

Tournament, The Ward L. Quaal Leadership Breakfast and the Celebrity Golf Tournament.

I’m also very pleased to report that the Foundation’s investment advisors, as directed by the Investment Committee of Leo the Board of Directors, continue to MacCourtney manage our portfolio with a conservative investment philosophy. The Investment Committee meets with the advisors on a quarterly basis and more frequently as The Broadcasters Foundation of America warranted. As you will see in the financial relies on the continuing support of industry statements, our financial position has members who in turn look to the increased substantially over the prior Foundation’s Board and officers to year. The financial statements and responsibly manage and judiciously management reports of the Broadcasters expend all sums entrusted to us. Our 2016 Foundation of America are carefully Annual Report documents the reviewed by the Executive Committee on Broadcasters Foundation of America’s a monthly basis and by the board of continuing, diligent stewardship of the directors at its quarterly meetings. assets we manage. It is that essential trust that makes all of our good work possible. No doubt 2017 will be challenging for The financial statements contained organizations such as ours, but I’m within the annual report substantiate confident that the industry will continue our success in raising money and to value our mission and generously appropriately disbursing funds to help support the cause of helping fellow fellow radio and television broadcasters broadcasters in need. who find themselves in acute need. I am pleased to report that our Foundation Sincerely, continues to draw funds from multiple Leo MacCourtney revenue streams, which helps ensure the Treasurer viability and continuity of our outreach efforts. Our model remains effective for the organization. Our annual Guardian Fund and Corporate Angel Initiative both achieved our objectives in 2016. The Foundation also benefits from the diverse but complementary nature of our signature events: The Golden Mike Award, The Philip J. Lombardo Charity Golf

4 LEGACY SOCIETY

The Broadcasters Foundation of America recently launched the Foundation Legacy Society, a new initiative to ensure its ability to help Broadcast Colleagues in the future. To date, Foundation board members and supporters have committed in excess of $3,000,000 in their estate plans.

There is no more important group of supporters than the generous members of the Legacy Society. Please consider making a Bequest to the Broadcasters Foundation in your will or revocable living trust. Any assets, including cash, securities, real estate or tangible personal property, may be transferred to the Broadcasters Foundation through your estate.

A bequest offers many benefits, including:

Retention of full ownership and use of your assets throughout your life

Flexibility: a bequest is not permanent and can be changed if your life circumstances change

Potential reduction in taxes payable by your estate

Ease of arrangement: your attorney can incorporate gift language as part of your will.

Your bequest can be a specific amount, a specific asset, or a specific percentage of the remainder of your estate after all other obligations have been met.

Please consider joining the Broadcasters Foundation’s Legacy Society.

For more information Contact the Broadcasters Foundation at 212-373-8250 or [email protected]

Board Members and Supporters Listed Below Have Committed In Excess of $3,000,000 In Their Estate Plans Dex Allen Skip Finley N. Scott Knight Lawrence Patrick David Barrett Michael Fiorile Norman Knight I. Martin Pompadur Phil Beuth Richard Foreman Jerry Lee Joseph Reilly Joseph Bilotta Mark Gray Philip J. Lombardo Diane Sutter Richard Bodorff Jay & Nancy Guyther Leo MacCourtney Dennis Swanson Rebecca Campbell Wade Hargrove Dan Mason Diana Wilkin Brian Cobb William Hoffman William O’Shaughnessy Richard Ferguson Mel Karmazin Kim Olds

5 2016 Broadcasters Foundation of America Contributors 2016 Guardian Fund $50,000 and Over

Edward McLaughlin NewBay Media Taishoff Family Foundation

$25,000 and $49,999

Dan Mason Norman Knight Charitable Foundation George Stephanopoulos Mays Family Foundation Diane Sawyer Mac & Lisa Tichenor Mel Karmazin Foundation $10,000 - $16,000

Amaturo Family Foundation Joseph & Marie Field The Richard Eaton Foundation Brian Cobb Richard A. Foreman Perry A. Sook Kerby Confer Scott Herman Larry Wilson Elvis Duran Group I. Martin Pompadur $5,000 - $9,999

David Barrett Stanley & Karen Hubbard Frank Osborn Philip Beuth Foundation Jerry Lee Charles Osgood Curtis Foundation Gracia & Joseph Martore Maury Povich Norman Drubner Beth Neuhoff Jordan Wertlieb Guild Family Foundation William O’Shaughnessy $2,000 - $4,999

Caroline Beasley Roger Keating Robert & Patricia Schmidt George Beasley David E. Kennedy Gordon Smith Richard & Ellen Bodorff David & Danni Lougee Wiley Rein LLP Capital District Radio Association Deborah Norville Wiley Rein Media Group Peter Diaz David Oxenford Diana Wilkin Michael Hayes Eric & Laurie Rhoads $1,000 - $1,999

Thomas Brokaw Robert Hubbard Joseph Reilly Timothy Busch Harry Hurley Shaun & Barbara Sheehan Rebecca Campbell Stephen Jones Terry K. & Sandra K. Shockley Ann Cantwell-Sweeney James & Darlene Kellor Jeff Smulyan Chancellor Foundation Steven Lanzano Dean & Rita Sorenson Charitable Fd William M. Cloutier Philip J. Lombardo Valari Staab John David Thomas Marr Daryl C. Staehle Ken & Rose Elkins Lowry Mays Dennis Swanson Charles Feldman Jason McFadden Marlin Taylor Eddie Fritts Morey Family Foundation Nicholas Verbitsky Steven Goldstein Timothy Morrissey Jeffrey Warshaw Stephen Hartzell Steven Newberry Robert Weiss Brent Hensley Thomas O’Brien Kate Wharton O’Shaughnessy Frank Higney David O’Shaughnessy Leonard Wheeler Bill Hoffman Lynette & Donald Profitt Larry & Janet Wood $500 - $999

Gregorio Alvarez Stephen Fisher Tim McVay Katherine Barnett Jeff Haley Arthur Moore Deborah Beagan Kathryn Hubbard Rominski James Morley Tom & Aurora Birch Erwin Krasnow Thomas & Margaret Poulos Pierre Bouvard Jinny Laderer Ariel Roblin Spencer Brown Mark Lund John Rosso Richard Burns Peter Lund Neal Schore Raymond Cole Barbara Maudshard-Jones Gary Shorman James Duffy Kenneth McDonald Joseph Sitrick William Duhamel Al McGowan Trebek Family Foundation Erica Farber John McSorley 6 2016 Guardian Fund Continued

$250 - $499

Abby Auerbach Kenneth Freedman Deborah J. Parenti Don Benson Kimberley Fritts Lawrence Patrick Randall Bongarten Grace Fritzinger Bernard Prazenica Peter Bourer Wade Hargrove John Rouse Dom Camera Drew Horowitz Jack Sander Tony Chiulli Marc & Susan Howard Michael & Patricia Shannon William Clark Dan Joerres Allen Shaw Jr. James Coppersmith Stanley & Cynthia Knott John Soapes Steve Davenport David Kushner Filomena Soyster Ebersol-Saint James Family Trust Michael Luckoff Peter Tanz Donald Epstein Leo MacCourtney James B. Thompson Eric Fahnoe Val Maki Poe Timmons John Feore Albert & Maureen Makkay Nicholas Trigony William Fine Julio Marenghi Donald West Karen & Michael Fiorile Harvey & Susan Nagler Dennis Wharton Phelps & Christel Fisher Peter & Nancy Newell Richard Wiley Robert L. Fox John Orlando

Up to $249

Robert Aguanno Marilyn Handler Mary Quass Kenneth Almgren Robert Heymann Jr. Richard Raaf Amazon Smile Foundation Michael Hugger Heidi Raphael Jonathan & Kimberly Bandell Marty Iker Earl F. Reilly Jr. Brad Bedford Joseph Jeffrey John Reiser Jim Beloyianis Stan Justice Vic Richards Susan Bernstein Leah Kamon Mark Rosenthal Valerie Blackburn Susan Keenom Charles Roth Richard Block Nicholas Kiernan Barbara Rounds Dean Blythe William King Jr. Ken Salvaggi Chad Brown Kraig Kitchin Michael Sankovich Wayne Cabot Christopher Lamoureux Kenneth Satten William Carroll Monte & Lillian M. Lang Sil Scaglione Patricia Chuh Lee Larsen Leonard Schneiderman Steve Chung Jeffrey Latta James & Martha Schuh Eric Cigan Katherine Laupot Glenn Serafin Frank Cipolla Christopher Leonard Kenneth Share David Comisar Ernest Liebre William Shaw Joseph D. Condon Kevin Loftus William Shine Daniel & Kathleen Cosgrove Dr. Robert K. MacLauchlin Shriver Blake Family Fund Michael Cutchall Greg Masters Jeff Shultz Susan Dambra Mark Mays Robert Sims Larry Delia Joseph McCallion Alison Smith Klarn DePalma Gregory McCown Ann Stark & Peter Kadetsky Peter Doyle Marcus McGehee James Stuart Thomas Eggert Victor McGill Julia Talbott Harry Emerson Phyllis McGinnis Paul Tinkle Bruce Esworthy Michael McKinnon Paul Trelstad Barbara Fix Ari Meltzer Stephen C. Trivers Griffith & Carole Foxley Jack Messmer Joyce Tudryn Joseph Gallo Eric Meyrowitz Carolyn Tyson Rico Garcia Kathleen Mary Miller Anthony Veneziale John Garziglia John Moran Michelle Vetterkind Nina Giviyan-Kermani William Murray Lesley Visser David Glazer Roger & Deborah Nadel Aaron Waisler Barbara Goldman-Lemoine Ralph Oakley Patrick Walsh Robert Goodrich David O’Connor M. Dennis Wharton & Lisa Ingram Phil Graham Kenneth & Cristina Ohr Jennifer Widina Mark Gray Michael O’Neill Charles & Michelle Wolfertz Grean & Ward Richard Oppenheimer Laura Wolkoff Tammy Greenberg Frank Pesce Scott Woodside Al Grossniklaus Frederick & Marion Pierce Karen Wright Michael Haake Roger Pina Rhea Zako David Halberstam Hank Price

7 2016 Corporate Angel Initiative

The Broadcasters Foundation of America Corporate Angel Initiative has completed its twelfth year. We are grateful for the generous contributions from the radio and television broadcasting companies and state associations included in the listing that follows. These organizations have made an annual corporate commitment to the mission of the Foundation by becoming a Corporate Angel.

The Corporate Angel Initiative is a corporate opportunity to join those individuals who are already making an annual gift to help ensure that no future call for help from a fellow broadcaster in need will go unanswered. Corporate Angels are an essential element of the Foundation’s commitment to provide critical assistance well into the future.

8 2016 Corporate Angel Initiative Contributors

$20,000 - $25,000

Gray Television iHeartMedia Group Tribune Media Hearst Television ION Media Networks

$10,000 - $15,000

ABC Owned Television Stations Graham Media Group Raycom Media ASCAP Lilly Broadcasting Scripps TV Station Group CBS Television Stations Meredith Corporation Cox Media Group NBC Universal

$8,000

Beasley Broadcast Group

$5,000

Hubbard Broadcasting TEGNA, Inc. United Stations Radio Networks McKinnon Broadcasting

$1,100 - $3,000

Bienstock, LLC Louisiana Association of Broadcasters NRG Media LLC Citadel Communications Company Morgan Murphy Media Oakley-Lindsay Foundation Compass Media Networks, LLC Nebraska Broadcasters Association of Quincy Newspapers Illinois Broadcasters Association Nielsen Salem Media Group

$1,000

Arizona Broadcasters Association Missouri Broadcasters Association Rhode Island Broadcasters Association Brooks,Pierce,McLendon & Leonard LLP New Mexico Broadcasters Association Sound Mind LLC Hawaii Association of Broadcasters New York State Broadcasters Association Wisconsin Broadcasters Association Maine Association of Broadcasters

Up to $500

Bryan Broadcasting National Radio Talent System Skyview Satellite Networks California Oregon Broadcasting, Inc. New Jersey Broadcasters Association Thunderbolt Broadcasting Company Colorado Broadcasters Association Radio Jones, LLC WCJB-TV20 Michigan Association of Broadcasters

9 2016 Stu Olds Memorial Contributors

$15,000

19th Hole Society

$5,500

Don Bouloukos

$1,000 - $,1250

William John Hare Robert Lawrence Michael Owens Scott Herman Randall Odeneal Jeffrey Trumper

Up to $500

James Beloyianis Richard Ferguson Stephen Parks Michele Carrion Mark Hannon Robert Philips John Cravens Robert McArthur Michael Spiesman David Crowl William McKenzie James Thompson Allen Dick

2016 Stu Olds Memorial Contributors (KATZ Membership Drive)

$250 - $2,000

Arthur Altman Chad Brown Sean Jody Christine Osekoski Julie Talbott David Bisceglia Jana Cosgrove Gary Larkin Scott Porretti Christine Travaglini Joseph Brewer Thomas Flood Leo MacCourtney Mark Rosenthal Edward Whitman Craig Broitman Mark Gray Kerry McFeetors

Up to $249

Becky Allegra Peter Campbell Anthony DeMasi John Garee Kevin Hollean Michael Bachelis William Carroll Mark Deutsch Holly Garrard Patricia House Adam Bailey Megan Carson Jonathan Dianora Roy Gilman Terrance Houston Steve Banka Nicky Cassidy Lisa Djafari Emily Ginsburg Walter Jablonski Tracy Barber Latonya Chenault Ellen Dolan Gregg Goldberg Kimball Jack Bill Barker Christopher Chiarello Brian Donley Noel Goldman Caryn Jacoby Tiffany Barocas John Chiocco Michael Donnelly Bryan Goldmark Evan Jaffe Kaitlynn Bauer Nina Chow Rob Drucker Shaunagh Guinness Tyler Jones Josh Becker James Clemente Peter Eilenberg Damon Gunkel Wendy Jones-Hayes Susan Begley Mark Clowers Mark Erwin James Gwynne Janet Judge Michael Blauner Catherine Clowers Lori Evans Whitney Hanzlicek Peter Kakoyiannis Michelle Blevins Michael Coniglio Robert Fabian Kelly Harrington John Kaufman Daniel Blumenfeld Lindsay Cooper Staci Verzera Fair Renee Hartman Mary Anne Kelleher Stephanie Bossonis- Thomas Cosgrove Bryan Forbes Maggie Hauck Paul Klein Tsiforas Grant Covell Cathleen Fox Lance Haworth Matthew Kluft Eileen Brady Matt Cowan Robin Fraczek Trevor Heaton Julie Krempel Laura Brennan Patricia Cunningham Robert Frazzetto Jr Susan Hegmann- Julie Kreun Adiesa Brown Laura Cupelo Clayton Frenzel Thompson Michael Kronenfeld Kimberly Browne Edward D’Abate Chris Frost Laura Heinrich Kyle Kupchak Mary Jane Buckingham Kenneth Davidman Randy Gaeckler John Hesano David Kushner Mary Burney Brock Davison Matthew Gaggiano Danielle Heyer Julie Lane Mary Butler Assunta DeFrancesco Joey Gangi Andrea Hoffman Michael Lasardo Robert Cain Nunzio DeGregorio Mary Beth Garber Lisa Hollaender Jessica Lavorerio 10 2016 Stu Olds Memorial Contributors (KATZ Membership Drive) cont.

Alyson Lerner Anthony Miraglia Brady Pocsik Sherri Sadon Maya Szymanski David Lopez David Morganlander Kenna Pollock Jack Saindon Brian Tarleton Danielle Luckow Susan Morris Jason Potter Yvette Sanchez Scott Taylor Alex Lunney Joi Mosbarger Kristina Presern Steve Sarantos Meredith Thompson Sarah Macheca Larry Muller Lori Pridgen Kathryn Sardinsky John Thorne Paul Malgieri Kevin Murray Adam Pullman Brian Schneekloth Kathleen Thornton Lori Mandel Martha Nackley Mary Pultorak David Scott Benjamin Trelles Jr Raquel Manning Kara Michelle Newman Jeffrey Quick Heather Scott Jenny Veal Erin Martin Michael Newman Michael Quinn Joan Selfa Richard Vicente Paul Masse Robert O’Connor Richard Raaf G. Kay Sellers Nicole Vidal Cortney Matern Jessie O’Connor Rick Ramos Yoni Serfaty Victoria Vivonetto Nina Mauro Michael O’Dea Dan Raymond Joshua Sermons Terrance Volbert Jennifer Mayfield Michelle Olivera Laura Raymond Christopher Shellgren John Wahlert Nancy McCartin Kevin O’Malley Florentino Reyes Joanne Sinelli Brigid Walje Matthew McCausland Peggy O’Neill Mark Rivera Daniel Smith Margaret Weinberg Brian McElroy Melissa Ostrander Larry Roberts Lee Smith Michael Weiss Patrick McGee Lisa Padron Ed Robertson Allison Solomon Phillip Whisnant Lauren McHale Genna Palacios Michelle Robinson Christine Sorensen Tracy Wommack Stefana Medina Melissa Palombo Raysa Rodriguez Jody Sporn Brad Young Mark Melia Kelli Park Albert Romano Kelley Springer Rhea Zako Matt Meyer Kelley Parker Reid Rosello Julia Stein Casey Meyers Monica Persaud Ted Rosen Gregory Stern Jean Mihalek Huy Pham Mario Russo Diahann Strickland Kathleen Miller LeeAnn Piazzola Elizabeth Ryckman Howard Strudler

2016 Stu Olds Memorial Golf June 14, 2016 Many, many thanks to those of you who donated time, gifts and expenses.

The Underwriters

Knollwood Country Club

$1,000 - $2,000

CBS Radio Scott Herman Paul Masse Jerry DeWaters Philip J. Lombardo Kim Olds

$350 - $500

Don Bouloukos David Crowl Thomas Olson

The Players

James Beloyianis Bryan Forbes Bill McKenzie Gerald Boehme Mark Gray Stephen Parks Joseph Brewer Shaunagh Guinness Scott Porretti Chad Brown John Hesano Thomas Poulos Robert Damon Evan Jaffe James Thompson Michael Donnelly Sean Jody Christine Travaglini Peter Doyle Matthew Kluft Richard Vicente Tucker Flood David Kushner Edward Whitman

11 Golden Mike Award

Jim Thompson, Bob Pittman, Dan Mason and Elvis Duran

2016 Golden Mike Award February 29, 2016 The Plaza Hotel – New York City

The Golden Mike Award was presented to Bob Pittman, Chairman and CEO of iHeartMedia, Inc., at a black-tie fundraiser to benefit the Foundation’s mission of helping broadcasters in need. More than 325 radio and television industry executives and celebrities were in attendance for the event.

The gala was hosted by Elvis Duran, host of Elvis Duran and the Morning Show, which originates on iHeart Media’s Z-100 in New York and nationally syndicated on more than 80 radio stations across the country. The evening’s presenters were Jarl Mohn, President and Chief Executive Officer of NPR, and John Sykes, President of iHeartMedia Entertainment Enterprises. Dan Mason, past President and Chief Executive Officer of CBS RADIO and Chairman of the Broadcasters Foundation, presented the Award.

The 2016 Dick Clark Lifetime Achievement Award was bestowed on legendary broadcaster Charles Osgood, anchor of the Emmy Award winning CBS Sunday Morning and The Osgood File on the CBS Radio Network. Unable to attend the event due to recent surgery, Osgood’s colleague from CBS Sunday Morning, humorist Mo Rocca, accepted the Award on Osgood’s behalf.

12 2016 Golden Mike Award Contributors

$21,000

Broadcast Music, Inc. Hearst Television Stations Pittman Family Foundation Grubman Shire & Meiselas, PC Horizon Media Salesforce

$17,000

CBS Discovery Communications NBC Universal Cox Media Group Kellogg, Huber, Hansen, Todd Wiley Rein LLP

$12,500 - $13,000

ABC Owned Television Stations King & Spalding LLP Norman Knight Charitable Fdn Citadel Communications Company Dan Mason United Stations Radio Networks Finsbury Jarl Mohn Univision iHeart Media, Inc National Association of Broadcasters Waterman Interests Katz Radio Group Nielsen

$5,000 - $10,500

Gabelli Funds Radio Advertising Bureau TrafficCast International Greater Media Inc. TEGNA Inc

$4,000 - $4,600

Hubbard Broadcasting O’Connor Davies, LLP Triton Digital

$2,000 - $3,900

Beasley Media Group Gama Aviation LLC Sigma Solutions Big Machine Label Group J.T. Magen & Company Inc. Dennis Swanson Buckley Broadcasting Kirkland & Ellis LLP Tata American International Corp Brian Cobb Marketron Television Bureau of Advertising Cushman & Wakefield Media Link Wilkinson, Barker, Knauer LLP Fidelity Investments NewBay Media

Up to $1,300

Cromwell Group Macquarie Capital Twelve 24 Media Davis Wright Tremaine LLP Thomas O’Brien vCreative Elvis Duran Group Richard A Foreman Associates WBEB-FM EMG, Inc. Sesac, Inc. Weiss Agency Richard Ferguson Tribune Media WVOX/WVIP-Whitney Media

13 Philip J. Lombardo Charity Golf Tournament

Meredith Broadcasting Group, Low Gross Winners

2016 Philip J. Lombardo Charity Golf Tournament April 17, 2016 The Wynn Golf Club, Las Vegas, Nevada

The 22nd Annual Broadcasters Foundation of America PJL Charity Golf Tournament was held on Sunday, April 17th at the Wynn Golf Club. Named in honor of our former chairman, this event is held during the NAB Show in Las Vegas and draws radio and television broadcasters from across the industry.

14 2016 Philip J. Lombardo Charity Golf Tournament Contributors

$10,000 - $15,000

National Association of Broadcasters U.S. Trust

$5,000

Broadcast Music, Inc. Citadel Communications Company Meredith Broadcasting Group Elizabeth Burns Cooley LLP Norman Knight Charitable Fdn CBS Television Station Group Katz Television Group Wiley Rein LLP CBS TV Distribution Media General

$2,500 - $4,500

CBS Radio Nielsen 20th Century Fox Television KUSI-TV

Up to $2,499

James Beloyianis DTS, Inc. Gammon Miller, LLC CivicScience, Inc.

15 Ward L. Quaal Leadership Awards, Lowry Mays Excellence in Broadcasting Award & Chairman’s Award

Philip Lombardo, Eddie Fritts, Lowry Mays, Dan Mason

Philip Lombardo and the Board of Directors of the Broadcasters Foundation of America

2016 Ward L. Quaal Leadership Awards, Lowry Mays Excellence in Broadcasting Award & Chairman’s Award April 20, 2016, The Wynn Hotel, Las Vegas The 2016 Ward L. Quaal Leadership Awards were presented to Ray Cole, Michael Fiorile, Scott Herman, Paul Karpowicz, Peter Smyth and Julie Talbott. The 2016 Lowry Mays Excellence in Broadcasting Award was presented to Eddie Fritts. The 2016 Chairman’s Award was presented to Philip Lombardo

More than 250 television and radio broadcasters assembled for the annual Broadcasters Foundation of America Leadership Breakfast to honor eight of the most prominent figures in broadcasting with six Ward L. Quaal Leadership Awards, the Lowry Mays Excellence in Broadcasting Award and the Chairman’s Award. The Leadership Breakfast took place in conjunction with the NAB Show in Las Vegas in April 2016. The Foundation Leadership Breakfast is complimentary to all thanks to the generous support of the National Association of Media Brokers (NAMB), Frank N. Magid Associates, Marketron, the NAB, Nielsen, Accuradio, TVB and the RAB.

16 2016 Leadership Awards Breakfast Contributors

$4,000 - $5,000

Marketron National Association of Media Brokers Television Bureau of Advertising

$2,000 - $3,000

Frank N. Magid Associates, Inc. Radio Advertising Bureau

Up to $1,000

Beasley Media Group Hubbard Broadcasting Missouri Broadcasters Association Brooks, Pierce, McLendon & Leonard iHeart Media Group Neuhoff Communications CBS Radio Katz Radio Group Ohio Association of Broadcasters CBS Radio/Digital Media NY Katz Television Group Premiere Radio Networks Dispatch Broadcast Group Lerman Senter PLLC Richard A. Foreman Associates DTS, Inc. Colleen Liebre Sound Mind Frankly Inc. Dan Mason vCreative Hearst Television Meredith Broadcasting Group Wiley Rein LLP

17 Celebrity Golf Tournament

Baltusrol

2016 Celebrity Golf Tournament September 19, 2016 Baltusrol Golf Club, Springfield, NJ Over $200,000 was raised to help broadcasters in need at the 2016 Broadcasters Foundation of America Celebrity Golf Tournament, held this past September at Baltusrol Golf Club in Springfield, NJ.

More than 150 broadcasters and celebrities turned out to support the mission of the Broadcasters Foundation at the 2016 Celebrity Golf Tournament at Baltusrol Golf Club in Springfield, NJ.

Celebrity golfers included: Bruce Beck, WNBC-TV; Rachel Grant, actress and philanthropist; Jay Harris, ESPN; Otis Livingston, WCBS-TV; Karl Nelson, NY Giants; Lee Saltz, New England Patriots; Bob Wischusen, voice of the New York Jets, and more.

This year’s Event Chair was Traug Keller, Senior Vice President, Production & Business Divisions at ESPN Radio. The event Title Sponsor was Evercore Wealth Management and additional sponsors included Putnam Investments, ABC, CBS, NBC, EPSN Radio, Marketron, Nielsen, Flexjet, the Connors Family Foundation, Tito’s Handmade Vodka and the Norman Knight Charitable Foundation, among others.

18 2016 Celebrity Golf Tournament Contributors

$25,000 - $30,000

Evercore Wealth Management Norman Knight Charitable Fdn Putnam Investments

$15,000 - $15,500

ESPN Radio NBC Universal

$10,000 - $14,500

ABC Television Marketron Tito’s Handmade Vodka CBS Radio Nielsen

$5,000 - $9,500

Buckley Broadcasting Greater Media Meredith Broadcasting Group CBS Television Stations Hearst Television National Association of Broadcasters Citadel Communications Company Katz Radio Group O’Connor Davies, LLP Connors Family Foundation Katz Television Group Olivio Premium Products Cox Tele Rep Dan Mason Gabelli Funds Media General

$2,000 - $4,000

Beasley Media Group Graham Media Group Television Bureau of Advertising Broadcast Music, Inc. Legal Sea Foods Triton Digital CapTrust Financial Advisors NewBay Media Wiley Rein LLP Diageo/Guinness Premiere Radio Networks

Up to $1,000

JL Media Preston-Patterson Company, Inc.

19 2016 Membership Contributors Though not everyone is able to contribute the $150 suggested donation, we are grateful to all those who endeavor to be a part of the Broadcasters Foundation of America’s mission.

Gary Bennett Keith MacPherson Glenn Serafin Benjamin Buchwald Christopher Oliviero Cynthia South Brian Lang William Saurer Jeanette Tully

2016 In Honor Of Philip J. Lombardo’s Retirement The following contributors made gifts to honor the Foundation’s former chairman.

$83,000

The Lombardo Foundation, Inc. (matching gift)

$5,000 - $10,000

Brian Cobb Lowry Mays Dennis Swanson Mario Gabelli Bob Pittman

$2,500 - $4,000

Joseph Amaturo Scott Herman David Lougee Jim Beloyianis

$1,000 - $2,000

David Barrett Alan Frank Dan Mason Philip Beuth Edward Fritts Beth Neuhoff Joseph Bilotta Mark Gray Deborah Norville Joe Bodan Wade Hargrove Mike O’Neill Richard Bodorff Bill Hoffman William O’Shaughnessy Raymond Cole Paul Karpowicz I. Martin Pompadur Lee Davis Scott Knight Peter Smyth Peter Dunn Steven Lanzano Perry Sook Michael Fiorile Brian Lawlor Valari Staab Richard Foreman Leo MacCourtney Nicholas Verbitsky

Up To $500

Emily Barratt Jeff Haley Charles Ryan Susan Dambra Colleen Liebre Jeffrey Smulyan Peter Doyle Ernest Liebre James Thompson Erica Farber Frank Pesce Jeffrey Warshaw Skip Finley Joseph Reilly Diana Wilkin

20 2016 Memorial Guardian Gifts Contributors

Ed Argow Nick DiRienzo Ward L. Quaal Anthony Durpetti Frank Cipolla Rondi Carlsen Monte & Lillian M. Lang John Dimling George Pine Dick Dudley Allan Lancaster Neil Rockoff Boyd Arnold Richard & James Blackburn Michael Rice Sharon Harrison Robert Sullaway Wayne Rogers Stuart Beck George Pine James Champlin Ray Holbrook Michael Tarter Ron Ruth Bob Bennett Meghan Bounocore David Barrett Lorraine Martin Norman Feuer James Champlin Leah Kamon Boudleaux Bryant William Lynett Del Bryant George McCashin Annette Malave Tom Tolar Matt Mills Rick Buckley Jay Mitchell Frank Boyle Craig Mellon Connie Buckley Michael Rice Ed Shane Willis Damalt Edward Cohen Eric Fahnoe Jeff Morgan Richard Ferguson Tincy Crouse Paul Taff Wayne Mulligan Dennis Soapes Dawn Taff Daniel Spears USW No. 1261 Richard Zaragoza Bayard “Bud” Walters Sheila Vinikoor Dennis Jackson Bill Burton Geoff Neuhoff Charlie Colombo Linda Schweska Beth Walters Richard Ferguson Jay Pilippone Francis Preston Art Carlson Alison Smith Larry Wychor Linda Carlson Jim Wychor Robert Price Michael Chapman Frank Osborn Marc Rayfield

2016 In Honor of… Guardian Gifts Contributors

BFOA’s Board of Directors Scott Herman Dan Mason Rebecca Campbell Mark Lefkowitz Erin Crawford Steven Lerman Susan Converse Paul Karpowicz Christopher Oliviero Julianne Wihelm Kathryn Mershon Nat’l Alliance State Broadcasters Peter Doyle Steve Lanzano Mark & Holly Levy Lisa Ann Bonk Julianne Wihelm William O’Shaughnessy Edward Esserman Colleen Liebre Jeffrey & Karen Bernbach Eddie Esserman Julianne Wihelm Our Clients at Research Directors Dick Foreman Ernest Liebre Charles Sislen Steven Lerman Julianne Wihelm Bill Payne Eddie Fritts Philip J. Lombardo Bayard “Bud” Walters D. Whitson & Janet Adamson LICT Corporation William McElveen Julianne Wihelm Nick Verbitsky Helen & Jeffrey Horowitz Michael Harrison Heather Cohen

21 The Broadcasters Foundation of America greatly appreciates the in kind contributions and underwriting graciously offered by the following benefactors

2016 Guardian

Renee Cassis NewBay Media Whitney Media Wade Hargrove, Esq.

2016 Philip J. Lombardo Charity Golf Tournament

Broadcast Music, Inc. Nielsen National Association of Broadcasters Norman Knight Charitable Foundation

2016 Leadership Awards

AccuRadio National Association of Broadcasters Radio Advertising Bureau Frank N. Magid Assoc. National Association of Media Brokers Television Bureau of Advertising Marketron Nielsen

2016 Celebrity Golf Tournament

ABC Television ESPN Radio Group NY Tri-State Mercedes Benz Dealers Broadcast Music, Inc. Flexjet White Elephant

Board Meetings - Hosting

Katz Media Group, Inc. Whitney Media

Office and Administrative Services

Brooks, Pierce, McLendon & CapTrust Financial Advisors Katz Media Group, Inc. Leonard, LLP Citadel Communications Co.

22 Broadcasters Foundation of America The Foundation’s certified financial statements were audited by PKF O’Connor Davies, LLP, which they issued an unmodified opinion, on March 27, 2017. The following statements of financial position, activities and cash flows were extracted from the audited financial statements. A full copy is available upon request.

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25 When broadcasters are in need, we're here to help.

As broadcasters, we report on breaking news, entertain our neighbors and support our communities.

But what happens when one of our own needs support? When a broadcaster has a medical emergency with a long road to recover or a natural disaster hits our broadcasting community and leaves behind unexpected damage?

The Broadcasters Foundation of America's sole mission is to help these broadcasters in acute need.

Share our message. Join our mission.

Learn how to get help or give back at broadcastersfoundation.org

125 West 55th Street, 4th Floor, New York, New York 10019 T: 212-373-8250 • [email protected] 26 Broadcasters Foundation of America Board of Directors — 2016

Philip J. Lombardo, Chairman (Jan-Jun 2016) Bill Hoffman, Vice Chair Dan Mason, Chairman (Jun-Dec 2016) Jim Thompson, President Richard A. Foreman, Vice Chair Peter Doyle, Vice President

Board of Directors

David J. Barrett Michael Fiorile I. Martin Pompadur Director Chairman & CEO Consultant & Investor Hearst Corporation Dispatch Broadcast Group Joseph Reilly Caroline Beasley Mark Gray President President & CEO CEO Empire State Broadcasting Corp. Beasley Broadcast Group Katz Media Group Sen. Gordon H. Smith George G. Beasley Wade Hargrove, Esq. President & CEO Chairman & CEO Partner NAB Beasley Broadcast Group Brooks, Pierce, McLendon, Humphrey & Leonard LLP Jeffrey H. Smulyan Philip R. Beuth Chairman & CEO Capital Cities, ret. Scott Herman Emmis Communications COO Richard J. Bodorff CBS Radio Perry A. Sook Partner President & CEO Wiley Rein LLP Louis Hillelson Nexstar Broadcasting Group, Inc. Vice President/Group Publisher Rebecca S. Campbell Broadcasting & Cable/Multichannel News Valari Staab President NewBay Media President ABC Owned Television Stations NBC Owned TV Stations Paul Karpowicz & Telemundo Station Group Brian E. Cobb Presiden President Meredith Corporation Local Media Group George Stephanopoulos CobbCorp Good Morning America N. Scott Knight Raymond H. Cole President & CEO Dennis Swanson President & COO Knight Media Group President, Stations Operation Citadel Communications Company LP Fox Television Stations Inc. Brian Lawlor Lee Davis Sr. Vice President, Television Nicholas J. Verbitsky Executive Vice President E.W. Scripps Television Station Group Chairman Univision Communications Inc. United Stations Radio Networks David T. Lougee Peter Dunn President Jeffrey Warshaw President TEGNA Media CEO CBS Television Stations Connoisseur Media Elizabeth Neuhoff Erica Farber President & CEO Jordan Wertlieb President & CEO Neuhoff Communications President Radio Advertising Bureau Hearst Television Deborah Norville Joseph M. Field Inside Edition Diana Wilkin Chairman Managing Partner Entercom Communications Michael O’Neill Twelve 24 Media President & CEO Skip Finley BMI Edward F. McLaughlin Managing Partner Chairman Emeritus Noepe Communications, LLC William O’Shaughnessy Chairman WVOX/WVIP-Whitney Media

Officers

Joseph Bilotta, President & CEO, JMB Solutions, LLC Jeff Haley, President & CEO, Marketron Steven Lanzano, President, TVB Colleen Liébré, CFO, Citadel Communications Company, L.P. Leo MacCourtney, President & CEO, Katz Television Group Frank Pesce, Vice President, Broadcasters Foundation of America Mission Statement The mission of the Broadcasters Foundation of America is to improve the quality of life for professional men and women in the television and radio broadcast industry and their families who, through no fault of their own, are in acute need. The foundation reaches out across the country to identify and provide anonymous assistance in cases of critical illness, advanced age, death of a spouse, accident and serious misfortune.

125 West 55th Street, 4th Floor, New York, New York 10019 212-373-8250 • [email protected] • www.broadcastersfoundation.org The Broadcasters Foundation of America is a 501(c)3 Public Charity