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THE WNED FOUNDATION INC
BUFFALO, NY · EIN 161613963 · Form 990 · FY2024 · NTEE B119 · Education · Medium ($1M-$10M) · wnedfoundation.org
revenue
$3.1M
expenses
$1.4M
net assets
$29.9M
employees
0
volunteers
8
program ratio
89%
mission · from form 990

TO RAISE AND INVEST FUNDS TO SUPPORT THE MISSION OF WNY PUBLIC BROADCASTING ASSOCIATION.

profile · synthesized from sources

The WNED Foundation Inc. is a nonprofit foundation established to support Buffalo Toronto Public Media (BTPM) through permanent endowment funding. It receives legacy and planned gifts—such as bequests, trusts, and retirement account designations—and invests them to generate long-term revenue for public broadcasting programming. The foundation ensures sustained financial support for BTPM’s educational, cultural, and news services in Western New York and Southern Ontario.

named programs · 2 · from sources

What they call their work

Buffalo Toronto Public Media Legacy Society
Recognizes individuals who make planned gifts to the foundation with memorialization, event invitations, and lasting acknowledgment.
Legacy Giving Program
Encourages donors to include the WNED Foundation in estate plans through bequests, trusts, and beneficiary designations to create long-term support for public media.
activities · 3 groups

What they do

  • Public Media Funding 2 activities
    • Establishing endowed funding for public broadcasting
      Creates permanent funding through endowed gifts and long-term investment to ensure the sustained availability of public broadcasting services. Established as a separate 501(c)(3) to generate a permanent income stream for Buffalo Toronto Public Media.
    • Funding public broadcasting programming and operations
      Provides annual financial support to Buffalo Toronto Public Media through a 5% draw on investment earnings, funding programming and operations. The organization raises and invests funds to support the mission of WNY Public Broadcasting Association.
  • Community and Public Broadcasting Services 2 activities
    • Producing public knowledge programming and outreach
      Produces programs and outreach activities that advance public knowledge in science, history, health, and the arts for the Buffalo Toronto Public Media audience.
    • Providing digital educational resources via public media
      Produces and delivers digital educational resources that enable television to function as a classroom for children, parents, and teachers, supporting learning across Western New York and Southern Ontario.
  • Donor-Advised Fund Grantmaking 1 activity
    • Managing legacy giving and planned gifts
      Offers membership in the Legacy Society, accepts bequests through wills or codicils, and receives non-cash gifts including securities, real estate, and retirement account designations to grow permanent funding.
financials · form 990 · fy2024
revenue
Total revenue$3.15M
Contributions & grants$165K5%
Program service revenue$00%
Investment income$2.98M95%
Other revenue$0
expenses
Total expenses$1.43M
Program expenses89%
Admin / overhead11%
Fundraising0%
Salaries & benefits$0
Grants paid out$1.27M
Largest expense lineProfessional Fees
balance sheet
Total assets$29.91M
Cash$351K
Investments$27.95M
Liabilities$40K
Net assets$29.87M
Liquid reserves238.2 mo
6 years on record · 2019–2024 · YoY revenue +62.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
TOM CALDERONE DIRECTOR 1 $468K
NANCY A HAMMOND ASSISTANT TREASURER 1 $255K
board members · 8
  • CYNTHIA E VANCE — DIRECTOR
  • DAVID DESMON — DIRECTOR
  • DENNIS PENMAN — VICE CHAIR
  • JOHN REINHOLD — TREASURER
  • MATTHEW COLLARD — DIRECTOR
  • MICHAEL MUNSCHAUER — DIRECTOR
  • MICHAEL WINTER — SECRETARY
  • SISTER DENISE ROCHE — DIRECTOR
relationships · 10

Who they work with

  • Buffalo Toronto Public Media Network — WNED Foundation supports Buffalo Toronto Public Media through endowment gifts and legacy donations.
  • Buffalo Toronto Public Media Partner — Primary beneficiary organization whose programming and services are supported by the foundation.
  • Buffalo Toronto Public Media Partner — Receives annual distributions from the Foundation to support its programming and operations.
  • Buffalo Toronto Public Media Partner — WNED Foundation supports the services and programming of Buffalo Toronto Public Media through planned gifts.
  • WBFO Network — Serves as the NPR station for BTPM, providing national and international news and information.
  • WBFO The Bridge Network — Offers indie alternative music programming under the BTPM network.
  • WNED Classical Network — Provides 24-hour classical music programming as part of the BTPM station roster.
  • WNED Create Network — Broadcasts DIY and how-to programming as part of the BTPM network.
  • WNED PBS Network — Operates as part of the WNED PBS network, broadcasting programs such as DANIEL TIGER’S NEIGHBORHOOD and PBS NEWSHOUR.
  • WNY PUBLIC BROADCASTING ASSOCIATION Partner — Primary beneficiary of funds raised and invested by the foundation.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Endowment-Based Sustainability for Public Media
    methodology: endowment_model
    By building and professionally managing a consolidated endowment through planned and legacy gifts, the organization ensures a permanent income stream that sustains public broadcasting and educational programming over the long term, because stable, self-generating funding insulates programming from short-term financial volatility.