2026-08-13T08:53:37-05:00 2025-09-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-10-01 521795789 NPR FOUNDATION NPRF 2025132000 1111 NORTH CAPITOL ST NE WASHINGTON DC 20002 DAPHNE KWON TREASURER 2025132000 2026-08-15 1 0 ELIZABETH W HELLER P00397829 3019519090 2024 2025-03-06 01:10:19Z RACHEL EVANS 1111 NORTH CAPITOL ST NE WASHINGTON DC 20002 364548130 0 X WWW.NPR.ORG X 1992 DC SEE PART III, LINE 1. 45 44 0 48 492249 82060 7243168 12645567 0 0 15733732 19803608 2401 0 22979301 32449175 29375871 29452661 0 0 266813 319480 0 0 0 2814712 1890209 32457396 31662350 -9478095 786825 403743082 426019528 83859 1820706 403659223 424198822 X THE NPR FOUNDATION (FOUNDATION) IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF ITS SOLE SUPPORTED ORGANIZATION, NATIONAL PUBLIC RADIO, INC. (NPR). THE FOUNDATION SUPPORTS NPR THROUGH VARIOUS ACTIVITIES (E.G., CONDUCTING FUNDRAISING EVENTS, MANAGING A DEDICATED ENDOWMENT). THE FOUNDATION DISBURSES FUNDS RAISED, ALONG WITH ENDOWMENT EARNINGS, TO NPR TO SUPPORT ITS OPERATIONS, PROMOTION, DEVELOPMENT, CAPITAL EXPANSION, AND OTHER VALID CORPORATE ACTIVITIES, SUBJECT TO APPLICABLE DONOR RESTRICTIONS. 0 0 29452661 29452661 THE NPR FOUNDATION (FOUNDATION) CONTRIBUTED FUNDS RAISED, ALONG WITH APPROVED ENDOWMENT AND BOARD-DESIGNATED FUND EARNINGS, TO NATIONAL PUBLIC RADIO, INC. (NPR), THE FOUNDATION'S SOLE SUPPORTED ORGANIZATION. THESE FUNDS FINANCED NPR'S OPERATIONS, PROMOTION, DEVELOPMENT, CAPITAL EXPANSION, AND OTHER VALID CORPORATE ACTIVITIES, SUBJECT TO APPLICABLE DONOR RESTRICTIONS. 29452661 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 45 44 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X CHRISTIAN J CURTIN 2025132000 1111 NORTH CAPITOL ST NE WASHINGTON DC 20002 KATHERINE R MAHER NPR PRESIDENT & CEO 1.00 39.00 X X 0 695444 1807 JOHN P MCGINN CHAIR/TRUSTEE 1.00 2.00 X X 0 0 0 HAL BRIERLEY VICE CHAIR/TRUSTEE (TO 09/25) 1.00 X X 0 0 0 PAUL G HAAGA VICE CHAIR/TRUSTEE 1.00 0.06 X X 0 0 0 PATRICIA ISHIYAMA VICE CHAIR/TRUSTEE 1.00 X X 0 0 0 JEFFREY SCHOENFELD VICE CHAIR/TRUSTEE 1.00 X X 0 0 0 ANTOINE W VAN AGTMAEL VICE CHAIR/TRUSTEE 1.00 X X 0 0 0 JENNIFER B ALTABEF TRUSTEE 1.00 X 0 0 0 SANJU K BANSAL TRUSTEE 1.00 X 0 0 0 JOHN W BUOYMASTER TRUSTEE 1.00 X 0 0 0 JESSE BYRD TRUSTEE 1.00 X 0 0 0 SUKI CARSON TRUSTEE 1.00 X 0 0 0 MOLLIE H CARTER TRUSTEE 1.00 X 0 0 0 JANET F CLARK TRUSTEE 1.00 X 0 0 0 RICHARD DE SILVA TRUSTEE 1.00 X 0 0 0 TARIQ DIXON TRUSTEE (FROM 05/25) 1.00 X 0 0 0 HAZEL A DONALD TRUSTEE 1.00 X 0 0 0 MARGOT P ERNST TRUSTEE 1.00 X 0 0 0 NANCY FARESE TRUSTEE 1.00 X 0 0 0 BRIAN FIX TRUSTEE 1.00 X 0 0 0 BRENT W GLEDHILL TRUSTEE 1.00 X 0 0 0 JAMES M GRANT TRUSTEE 1.00 X 0 0 0 ELLEN HANSON TRUSTEE 1.00 X 0 0 0 JOHN A HERRMANN JR TRUSTEE 1.00 X 0 0 0 RICHARD H HERTZBERG TRUSTEE 1.00 X 0 0 0 JIHEE KIM HUH TRUSTEE 1.00 X 0 0 0 MICHELE JANIN TRUSTEE 1.00 X 0 0 0 RONALD A KAHN TRUSTEE 1.00 X 0 0 0 CHARLES F KIREKER TRUSTEE 1.00 X 0 0 0 SUSANNA LACHS TRUSTEE 1.00 X 0 0 0 PETER G LEHMAN TRUSTEE 1.00 X 0 0 0 NANCY MACKINNON TRUSTEE 1.00 X 0 0 0 JARL MOHN TRUSTEE 1.00 X 0 0 0 JACQUELINE C MORBY TRUSTEE 1.00 X 0 0 0 SCOTT O'HARE TRUSTEE 1.00 X 0 0 0 PATRICIA M PAPPER TRUSTEE 1.00 X 0 0 0 JANE V PEYROUSE TRUSTEE 1.00 X 0 0 0 GEORGE MCCORKELL PLEWS TRUSTEE 1.00 X 0 0 0 CRISTINA SINCLAIRE TRUSTEE 1.00 X 0 0 0 JEFFREY A SINE TRUSTEE 1.00 X 0 0 0 CAMILLA SMITH TRUSTEE 1.00 X 0 0 0 FREDRIC STECK TRUSTEE (FROM 05/25) 1.00 X 0 0 0 PERRY STEINER TRUSTEE 1.00 X 0 0 0 ROSELYNE CHROMAN 'CISSIE' SWIG TRUSTEE (TO 09/25) 1.00 X 0 0 0 MARCY SYMS TRUSTEE 1.00 X 0 0 0 DONNA M WILHELM TRUSTEE 1.00 X 0 0 0 JENNIFER FERRO EX OFFICIO TRUSTEE 1.00 2.00 X 0 0 0 DAPHNE KWON TREASURER 1.00 39.00 X 0 497273 26351 LEORA HANSER PRESIDENT (TO 03/25) 1.92 38.08 X 0 416697 14990 JULIE PARR INTERIM PRESIDENT (FROM 05/25) 1.92 38.08 X 0 267653 2657 ELISABETH G LANG ASSISTANT TREASURER 20.00 20.00 X 0 213219 41437 DANETTE ZAGHARI-MASK SECRETARY 1.27 38.73 X 0 211903 36324 JOHN F LANSING FORMER OFFICER 0.00 X 0 382881 19237 0 2685070 142803 0 1 1 0 0 779 12644788 12645567 3733469 492249 3241220 348169094 332098955 16070139 16070139 16070139 32449175 0 492249 19311359 29452661 29452661 277340 277340 11242 11242 14050 14050 16848 16848 37365 37365 146062 146062 1382979 1382979 35544 35544 3554 3554 1724 1724 20631 20631 600 600 157047 157047 UBI TAXES 96452 96452 PENALITES & FINES 8028 8028 REG. & OTHER CORP. FEES 120 120 MISCELLANEOUS 103 103 31662350 29452661 2209689 0 61399 304149 8302381 10722017 52630 4477701 70246559 67513360 323361666 343002301 1718447 0 403743082 426019528 83859 152627 0 1668079 83859 1820706 X 30176275 30914277 373482948 393284545 403659223 424198822 403743082 426019528 786825 19752774 0 X 0 1 X 1 0 X X 1 NATIONAL PUBLIC RADIO INC 520907625 7 1 29452661 0 1 29452661 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 368793977 300997 35203895 22006315 382292554 342257813 2851112 45127718 21442666 368793977 322673461 151250 32499755 13066653 342257813 368189158 739736 -27537239 18718194 322673461 309720463 183000 73701452 15415757 368189158 0.00000 0.57433 0.42567 0 0 0 MULTI-STRATEGY DIVERSIFIERS 54203765 F MARKETABLE EQUITIES 192942586 F PRIVATE REAL ASSETS 34709038 F OPPORTUNISTIC DIVERSIFIERS 3820611 F PE & VENTURE CAPITAL 57326301 F 343002301 DUE TO NPR INC. 1668079 1668079 X PART V, LINE 4: THE NPR FOUNDATION'S ENDOWMENT CONSISTS OF 172 FUNDS THAT SUPPORT THE ACTIVITIES OF ITS SOLE SUPPORTED ORGANIZATION, NATIONAL PUBLIC RADIO, INC. (NPR). THESE INCLUDE NPR'S GENERAL MISSION, OPERATIONS, AND FACILITIES; JOURNALISTIC EXCELLENCE; DIGITAL INNOVATIONS/NEW TECHNOLOGIES; CULTURAL, JAZZ, AND SCIENCE JOURNALISM AND PROGRAMMING; AND CULTURAL INTERNSHIPS. PART X, LINE 2: THE EFFECTS OF A TAX POSITION CANNOT BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS UNLESS IT IS "MORE LIKELY THAN NOT" TO BE SUSTAINED BASED SOLELY ON ITS TECHNICAL MERITS AS OF THE REPORTING DATE. THE MORE LIKELY THAN NOT THRESHOLD REPRESENTS A POSITIVE ASSERTION BY MANAGEMENT THAT NPR IS ENTITLED TO THE ECONOMIC BENEFITS OF A TAX POSITION. IF A TAX POSITION IS NOT CONSIDERED MORE LIKELY THAN NOT TO BE SUSTAINED BASED SOLELY ON ITS TECHNICAL MERITS, NO BENEFITS OF THE POSITION ARE TO BE RECOGNIZED. MOREOVER, THE MORE-LIKELY-THAN-NOT THRESHOLD MUST CONTINUE TO BE MET IN EACH REPORTING PERIOD TO SUPPORT CONTINUED RECOGNITION OF THE BENEFIT. AS OF SEPTEMBER 30, 2025 AND 2024, THERE WERE NO UNCERTAIN TAX POSITIONS FOR WHICH LIABILITY SHOULD BE RECORDED. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 100099462 0 0 0 0 0 0 100099462 0 100099462 1 0 1 1 1 0 1 NATIONAL PUBLIC RADIO INC 1111 NORTH CAPITOL STREET NE WASHINGTON DC 20002 520907625 501(C)(3) 29452661 0 SUPPORT OF MISSION AND VALID ACTIVITIES OF NPR 1 0 PART I, LINE 2: THE NPR FOUNDATION (FOUNDATION) OPERATES AS A SUPPORTING ORGANIZATION FOR NATIONAL PUBLIC RADIO, INC. (NPR). THE FOUNDATION'S BOARD OF TRUSTEES RECEIVES FREQUENT UPDATES FROM NPR'S EXECUTIVE AND SENIOR LEADERSHIP REGARDING NPR'S ACTIVITIES, WHICH PERMIT THE TRUSTEES TO MONITOR THE UTILIZATION OF THE SUPPORT THE FOUNDATION PROVIDES ANNUALLY. 0 0 0 0 0 0 0 0 0 KATHERINE R MAHER NPR PRESIDENT & CEO 0 584989 0 75000 0 35455 0 0 0 1807 0 697251 0 0 DAPHNE KWON TREASURER 0 385967 0 58800 0 52506 0 0 0 26351 0 523624 0 0 LEORA HANSER PRESIDENT (TO 03/25) 0 363417 0 53280 0 0 0 12815 0 2175 0 431687 0 0 JOHN F LANSING FORMER OFFICER 0 167948 0 170201 0 44732 0 11049 0 8188 0 402118 0 0 JULIE PARR INTERIM PRESIDENT (FROM 05/25) 0 267653 0 0 0 0 0 0 0 2657 0 270310 0 0 ELISABETH G LANG ASSISTANT TREASURER 0 213219 0 0 0 0 0 14492 0 26945 0 254656 0 0 DANETTE ZAGHARI-MASK SECRETARY 0 208903 0 3000 0 0 0 9377 0 26947 0 248227 0 0 PART I, LINE 3 THE NPR FOUNDATION (FOUNDATION) RELIES ON ITS RELATED ORGANIZATION, NATIONAL PUBLIC RADIO, INC. (NPR), TO ESTABLISH THE COMPENSATION OF THE FOUNDATION'S PRESIDENT AND OFFICERS. TO ENSURE MARKET REASONABLENESS, NPR UTILIZES INDEPENDENT COMPENSATION CONSULTANTS AND OBJECTIVE COMPARABILITY SURVEYS. THE FINAL COMPENSATION IS THEN APPROVED BY THE NPR BOARD OF DIRECTORS BASED ON RECOMMENDATIONS FROM ITS COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 1A WHEN THE NPR FOUNDATION (FOUNDATION) BOARD OF TRUSTEES (BOARD) IS NOT IN SESSION, THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL POWERS OF THE BOARD REGARDING THE MANAGEMENT OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE NPR FOUNDATION IS NATIONAL PUBLIC RADIO, INC. FORM 990, PART VI, SECTION A, LINE 7A NATIONAL PUBLIC RADIO, INC. (NPR), AS THE SOLE SUPPORTED ORGANIZATION OF THE NPR FOUNDATION (FOUNDATION), IS OFFICIALLY REPRESENTED BY ITS PRESIDENT & CEO AND THE CHAIR OF ITS BOARD OF DIRECTORS, ACTING JOINTLY (THE "TWO VOTING REPRESENTATIVES"). MEMBERS OF THE FOUNDATION'S BOARD OF TRUSTEES (BOARD) ARE BE DEEMED ELECTED UPON AN AFFIRMATIVE VOTE BY THE BOARD AND SUBSEQUENT RATIFICATION BY NPR. HOWEVER, NPR'S RATIFICATION IS NOT REQUIRED IF THE TWO VOTING REPRESENTATIVES HAVE CAST AFFIRMATIVE VOTES FOR THE PROSPECTIVE TRUSTEE. FORM 990, PART VI, SECTION A, LINE 7B NATIONAL PUBLIC RADIO, INC. (NPR), AS THE SOLE SUPPORTED ORGANIZATION OF THE NPR FOUNDATION (FOUNDATION), POSSESSES ALL RIGHTS CONFERRED TO IT BY STATUTE, THE FOUNDATION'S ARTICLES OF INCORPORATION, AND THE FOUNDATION'S BYLAWS. THIS INCLUDES THE RIGHT TO ALTER AN ACTION OF THE FOUNDATION'S BOARD OF TRUSTEES WITHIN 30 DAYS FOLLOWING WRITTEN NOTICE TO THE FOUNDATION CHAIR OF ITS INTENT AND RATIONALE. NPR'S PRESIDENT & CEO AND THE CHAIR OF ITS BOARD OF DIRECTORS, ACTING JOINTLY, SERVE AS NPR'S OFFICIAL VOTING REPRESENTATIVES (THE "TWO VOTING REPRESENTATIVES"). IF THE TWO VOTING REPRESENTATIVES, ACTING IN THEIR CAPACITY AS EX OFFICIO TRUSTEES, HAVE CAST AFFIRMATIVE VOTES FOR AN ACTION, SUCH ACTION MAY NOT BE ALTERED BY NPR. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORMS 990 AND 990-T (IF APPLICABLE) FOR THE NPR FOUNDATION (FOUNDATION) ARE PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE RETURNS ARE REVIEWED BY THE FINANCE DIVISION AND THE OFFICE OF GENERAL COUNSEL OF NATIONAL PUBLIC RADIO, INC. THE FINAL VERSIONS ARE MADE AVAILABLE TO ALL MEMBERS OF THE FOUNDATION'S BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON BEHALF OF THE NPR FOUNDATION (FOUNDATION), NATIONAL PUBLIC RADIO, INC. (NPR) REGULARLY MONITORS AND SURVEYS THE FOUNDATION'S PRESIDENT AND BOARD OF TRUSTEES (FOUNDATION BOARD) TO IDENTIFY POSSIBLE CONFLICTS OF INTEREST. NPR'S CHIEF LEGAL OFFICER, GENERAL COUNSEL, AND SECRETARY (NPR GENERAL COUNSEL) IS AUTHORIZED TO REQUEST INFORMATION FROM THE FOUNDATIONS'S DIRECTORS AND OFFICERS REGARDING POTENTIAL CONFLICTS OF INTEREST, NONPUBLIC CORPORATE INFORMATION, AND GRATUITIES. THIS INCLUDES REQUIRING PERIODIC DISCLOSURES OF INFORMATION THAT COULD LEAD TO CONFLICTS OF INTEREST. IN THE EVENT OF AN ACTUAL OR APPARENT CONFLICT OF INTEREST, AN NPR FOUNDATION TRUSTEE MUST: (A) REFRAIN FROM USING THEIR POSITION FOR PERSONAL GAIN OR THE GAIN OF ANOTHER PERSON OR ORGANIZATION WITH WHICH THEY ARE ASSOCIATED, AND (B) RECUSE THEMSELVES FROM ANY FORMAL OR INFORMAL DISCUSSIONS RELATED TO THE CONFLICT. THE FOUNDATION PRESIDENT MUST INFORM THE FOUNDATION BOARD CHAIR OF THIS RECUSAL. THE FOUNDATION BOARD CHAIR WILL THEN PROMPTLY NOTIFY THE OTHER FOUNDATION TRUSTEES AND NPR'S GENERAL COUNSEL. IN CERTAIN CIRCUMSTANCES, THE FOUNDATION TRUSTEE MAY SUBMIT A WRITTEN REQUEST TO THE NPR GENERAL COUNSEL THAT A DISCLOSURE BE TREATED AS CONFIDENTIAL. IF THERE IS UNCERTAINTY REGARDING WHETHER A CONFLICT EXISTS, THE FOUNDATION TRUSTEE OR THE FOUNDATION BOARD WILL REQUEST A WRITTEN OPINION FROM THE NPR GENERAL COUNSEL. TO ADDRESS ANY POLICY VIOLATIONS, THE FOUNDATION BOARD CHAIR, EITHER ON THEIR OWN INITIATIVE OR AT THE REQUEST OF ANOTHER FOUNDATION TRUSTEE, WILL CONSULT WITH THE NPR GENERAL COUNSEL AND INITIATE A FOUNDATION BOARD VOTE ON APPROPRIATE CORRECTIVE ACTIONS. CONFLICTS OF INTEREST INVOLVING THE FOUNDATION'S OFFICERS ARE ADDRESSED IN A SIMILAR MANNER. FORM 990, PART VI, SECTION B, LINE 15 NATIONAL PUBLIC RADIO, INC. (NPR) COMPENSATES THE OFFICERS OF THE NPR FOUNDATION DIRECTLY UNDER NPR'S COMPENSATION POLICY. TO ENSURE THAT THE COMPENSATION IS REASONABLE UNDER SECTION 4958 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND REPRESENTS THE FAIR MARKET VALUE FOR SERVICES RENDERED, NPR UTILIZES BENCHMARK STUDIES AND AN INDEPENDENT REVIEW OF MARKET DATA. THIS DATA, PREPARED BY INDEPENDENT COMPENSATION CONSULTANTS, INCORPORATES BOTH NONPROFIT AND MEDIA ORGANIZATIONS AND IS REVIEWED AT THE TIME OF EMPLOYEE HIRING OR WHEN SPECIAL ADJUSTMENTS ARE AWARDED. COMPENSATION IS THEN SET WITHIN THE RANGE OF THE GOING MARKET RATE. INDIVIDUALS WITH A CONFLICT OF INTEREST ARE STRICTLY PROHIBITED FROM PARTICIPATING IN THESE COMPENSATION DECISIONS, AND NPR CONTEMPORANEOUSLY MAINTAINS ALL RELATED RECORDS. THE MOST RECENT COMPENSATION REVIEW OCCURRED IN NOVEMBER 2024. FORM 990, PART VI, SECTION C, LINE 19 THE NATIONAL PUBLIC RADIO, INC. CONSOLIDATED FINANCIAL STATEMENTS, WHICH INCLUDE THE BALANCES, ACTIVITIES, AND INFORMATION OF THE NPR FOUNDATION (FOUNDATION), ARE AVAILABLE FOR DOWNLOAD ON HTTPS://WWW.NPR.ORG/ABOUT-NPR/XXX-XX-XXXX/PUBLIC-RADIO-FINANCES. ACPR'S IRS FORMS 990 AND 990-T (AS APPLICABLE) ARE ALSO AVAILABLE ON THIS WEBPAGE. THE FOUNDATION'S ARTICLES OF INCORPORATION AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. NATIONAL PUBLIC RADIO INC 1111 NORTH CAPITOL STREET NE WASHINGTON DC 20002 520907625 NONCOMMERCIAL NEWSGATHERING/PROGRAMMING/EDUCATION DC 501(C)(3) LINE 7 N/A 0 AMERICAN COALITION FOR PUBLIC RADIO 1111 NORTH CAPITOL STREET NE WASHINGTON DC 20002 821246245 EDUCATION/GRASSROOTS ADVOCACY DC 501(C)(4) NATIONAL PUBLIC RADIO INC 0 NPR INTERNATIONAL OPERATIONS INC 1111 NORTH CAPITOL STREET NE WASHINGTON DC 20002 873594010 INTERNATIONAL JOURNALISM AND SUPPORTING ORGANIZATION DC 501(C)(3) LINE 12A, I NATIONAL PUBLIC RADIO INC 0 NPR ASSET HOLDING COMPANY INC 1111 NORTH CAPITOL STREET NE WASHINGTON DC 20002 832226766 HOLDING COMPANY DC N/A C 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0