Motion Picture & Television Fund receives $90 million to care for industry members
October 18, 2012
The Motion Picture & Television Fund (MPTF) recently received a collective $90 million donation from the founders of DreamWorks to help reach its $350 million fundraising goal, according to The Los Angeles Times. With the new funds from Steven Spielberg, David Geffen and Jeffrey Katzenberg, MPTF is one step closer to achieving sustainability so it can continue to meet the needs of industry members and prepare for those expected to arise in the future.
MPTF anticipates healthcare and financial support will be in higher demand as the baby boomer generation ages and government services dwindle. The fundraising campaign was launched to ensure the organization can continue to serve industry members and offer services into the future. So far, a number of high-profile entertainment industry insiders have contributed to the fund, such as Barry Diller and his wife Diane Von Furstenberg as well as Rupert Murdoch's News Corp.
"It becomes very personal when someone you know or have worked with is cared for at 'the Home' or a crew member is helped financially by MPTF. The mission 'we take care of our own' is suddenly very real and tangible," said Spielberg, as quoted by the source.
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