2025-12-19T13:39:49+00:00 2025-06-30 135381590 BDO USA 8401 GREENSBORO DR STE 800 MCLEAN VA 221023599 990 2024-07-01 201476451 PBS FOUNDATION PBSF 7037395051 1225 S Clark Street Arlington VA 22202 Paula Kerger CEO 2025-12-19 false true TODD TERESCO P00247720 7038930600 2025-12-19 2024 2025-03-06 01:10:19Z Paula Kerger 1225 S Clark Street Arlington VA 22202 65053912 false X WWW.PBS.ORG/FOUNDATION/ X 2004 DC TO ENLIST PHILANTHROPIC SUPPORT OF PUBLIC BROADCASTING THROUGH ESTABLISHING SPECIAL INITIATIVES FUNDS TO ENSURE PBS'S CONTINUED EXCELLENCE, AND TO PROMOTE AND ENHANCE OUTSTANDING PUBLIC BROADCASTING PROGRAMS AND SERVICES. AS THE SUPPORTING ARM OF PBS, THE FOUNDATION SOLICITS FUNDS IN SUPPORT OF THE VARIOUS PROGRAMMATIC EFFORTS OF PBS. A SIGNIFICANT PORTION OF THIS REVENUE IS RECORDED ON THE PBS' CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION RAISED $9.2 MILLION AND $36.1 MILLION, RESPECTIVELY, FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. THESE FUNDS INCLUDE CONTRIBUTIONS RECOGNIZED IN ACCORDANCE WITH ASC 958-605, NOT-FOR-PROFIT ENTITIES- REVENUE RECOGNITION, AND EXCHANGE TRANSACTIONS THAT ARE RECOGNIZED IN ACCORDANCE WITH FASB ASC TOPIC 606, REVENUE FROM CONTRACTS WITH CUSTOMERS. OF THESE RAISED FUNDS, $6.4 MILLION AND $31.6 MILLION WERE RECORDED AS REVENUE ON PBS' CONSOLIDATED FINANCIAL STATEMENTS, RESPECTIVELY, FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. 15 14 21 19 0 19677426 51444720 0 1021376 2209054 0 20698802 53653774 11730097 34407244 0 3817554 3394469 47561 55499 2871000 1253600 971210 16848812 38828422 3849990 14825352 49505397 71260640 15340959 20384128 34164438 50876512 THE FOUNDATION ENLISTS PHILANTHROPIC SUPPORT OF PUBLIC BROADCASTING THROUGH ESTABLISHING SPECIAL INITIATIVES FUNDS AND AN ENDOWMENT FUND TO ENSURE PBS'S CONTINUED EXCELLENCE, AND TO PROMOTE AND ENHANCE OUTSTANDING PUBLIC BROADCASTING PROGRAMS AND SERVICES. WORKING COLLABORATIVELY AND COOPERATIVELY WITH MEMBER STATIONS, THE FOUNDATION ENDEAVORS TO SECURE THE EXTRAORDINARY FUNDING NECESSARY TO MAINTAIN AND ENHANCE PBS'S COMMITMENT TO SERVING THE AMERICAN PUBLIC. false false 34673112 34407244 0 The Foundation makes grants to PBS to support the work of PBS. Grants to PBS in the fiscal year ended June 30, 2025, consist of funding to support content for Lynn Novick productions, Henry Louis Gates, Jr.'s productions, and programming for Arts, News and Public Affairs, and Science and Nature. 34673112 true true false false false false false false true true true false false true true true true true false false false false false true false false false true false true false false false false false false false false false false true false false false false true false false false false true 12 0 true 21 true false false false false false false false false false false false false X 15 14 false false false false true true true true true false false false true true true true true true true false false false CA CO CT DC FL GA AL HI IL KS KY ME AK MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA AR WA WV WI X Katie Golden 7037395000 1225 South Clark Street Arlington VA 22202 Paula A Kerger PRESIDENT & DIRECTOR 8.0 32.0 X X 0 1471435 131462 AFSANEH BESCHLOSS DIRECTOR, CHAIR 1.0 0 X 0 0 0 ALLAN LANDON DIRECTOR 1.0 0 X 0 0 0 CAMILLA SMITH DIRECTOR 1.0 0 X 0 0 0 DAVID R WEAVER DIRECTOR 1.0 0 X 0 0 0 DONALD A BAER DIRECTOR 1.0 0 X 0 0 0 FRED BERENS DIRECTOR, VICE CHAIR 1.0 0 X 0 0 0 LARRY IRVING DIRECTOR, ex-officio 1.0 0 X 0 0 0 LAURIE S SILVERS DIRECTOR 1.0 0 X 0 0 0 LISA SHUMATE DIRECTOR 1.0 0 X 0 0 0 MARTHA DARLING DIRECTOR (AS OF 06/2024) 1.0 0 X 0 0 0 MARY GF BITTERMAN DIRECTOR, CHAIR EMERITA 1.0 0 X 0 0 0 MAXINE CLARK DIRECTOR 1.0 0 X 0 0 0 PEGGY HAMBURG DIRECTOR (AS OF 12/2024) 1.0 0 X 0 0 0 ROGER SANT DIRECTOR 1.0 0 X 0 0 0 RYAN NOLAN DIRECTOR 1.0 0 X 0 0 0 SANDRA CORDOVA MICEK DIRECTOR, ex-officio (AS OF 06/25) 1.0 0 X 0 0 0 SHEILA JOHNSON DIRECTOR (THRU 03/2025) 1.0 0 X 0 0 0 STEVE RATTNER DIRECTOR 1.0 0 X 0 0 0 SUSAN JACOBSON DIRECTOR, VICE CHAIR 1.0 0 X 0 0 0 Brian J Reddington EXECUTIVE DIRECTOR 40.0 0 X 411206 0 48459 Jill Patrone CORPORATE SECRETARY 5.0 35.0 X 0 311278 59612 Jonathan Barzilay CHIEF OPERATING OFFICER 1.0 39.0 X 0 751141 97106 Katherine Lauderdale CHIEF LEGAL AND GOVERNANCE OFFICER 5.0 35.0 X 0 493975 85562 Thomas E Tardivo TREASURER 5.0 35.0 X 0 488096 93696 Carrie C Scott SR.DIR, PRINCIPAL GIFTS (Thru 06/2024) 40.0 0 X 222154 0 29132 Idalia Ramos VP & DEPUTY DIRECTOR (THRU 06/2024) 40.0 0 X 258034 0 18698 Laura J Brown SR.DIR, PRINCIPAL GIFTS 40.0 0 X 198108 0 49364 Maureen Grieco SR.DIR, PRINCIPAL GIFTS 40.0 0 X 222656 0 28535 Tiajuana Graham VP, INDIVIDUAL GIVING 40.0 0 X 229209 0 48361 1541367 3515925 689987 12 false true false Heller Consulting Inc 10580 N McCarran Blvd Suite 115 Reno NV 89503 Consulting 208251 Birdsall Voss & Associates 250 West Coventry Court Suite 300 Milwaukee WI 53217 Consulting 136308 2 0 0 0 5836076 293391 45315253 11075776 51444720 0 0 0 0 0 1450523 1450523 0 0 12158669 11400138 758531 0 758531 758531 0 0 0 0 0 53653774 0 0 2209054 34407244 34407244 438304 219152 219152 2393788 493408 1900380 145984 35539 110445 217463 46281 171182 198930 41956 156974 43790 43790 36142 36142 55499 55499 126142 126142 99340 0 99340 0 43242 43242 54763 54763 55766 55766 155243 38193 117050 92635 18527 74108 31033 8065 22968 85 85 81455 81455 Doubtful Contributions Receivable Expense 125420 125420 Credit Card and Bank Fees 22584 22584 Miscellaneous 2601 2601 Penalties and Fines 969 969 0 265868 -265868 0 38828422 34673112 1284310 2871000 1193907 1286997 9640757 22202076 10304283 7346943 0 0 10499 8113 244365 125753 200068 118612 25155883 34317761 0 0 3000000 5980138 49505397 71260640 834197 621674 11006046 15232926 366555 239401 0 3134161 4290127 15340959 20384128 X 26531846 42579579 7632592 8296933 34164438 50876512 49505397 71260640 14825352 1886722 0 X false true true false X X X 1 Public Broadcasting Service 520899215 7 true 34407244 0 1 34407244 0 true false false false false false false false false false false false false false false true false 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 25930942 4807004 3126445 265479 33598912 21143117 2756723 2284170 253068 25930942 17645281 1530325 1967511 21143117 20601901 694372 -3418254 232738 17645281 13806063 2658464 4346326 208952 20601901 0.7643 0.2357 0.0 false false 244365 125753 118612 118612 REFUNDABLE ADVANCE TO PBS 4345121 DUE FROM PBS 1635017 5980138 Federal Income Taxes Refundable Advance 4290127 4290127 X 56319087 1886722 904733 0 2791455 53527632 126142 0 126142 53653774 39607013 904733 0 904733 38702280 126142 0 126142 38828422 Schedule D, Part IV, Line 2b Explanation of escrow agreement THE AMOUNT ON FORM 990, PART X, LINE 21 REPRESENTS THE VALUE OF CHARITABLE GIFT ANNUITY LIABILITIES. PBSF HAS CHARITABLE GIFT ANNUITY ARRANGEMENTS BETWEEN DONORS AND THE ORGANIZATION IN WHICH THE DONORS RECEIVE A REGULAR PAYMENT FOR LIFE BASED ON THE VALUE OF ASSETS TRANSFERRED TO THE ORGANIZATION. AFTER THE DONOR'S DEATH, THE ASSETS ARE RETAINED BY THE ORGANIZATION. THE RESIDUUM OF THE GIFT SHALL BE USED BY PBSF AS SPECIFIED BY THE DONORS. Schedule D, Part V, Line 4 Intended uses of endowment funds THE PBS ENDOWMENT FUND CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED STIPULATIONS. THE FOUNDATION REPORTS THOSE FUNDS IN ACCORDANCE WITH FASB ASC 958, ENDOWMENTS OF NOT-FOR-PROFIT ORGANIZATIONS: NET ASSET CLASSIFICATIONS OF FUNDS SUBJECT TO AN ENACTED VERSION OF THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA), AND ENHANCED DISCLOSURES FOR ALL ENDOWMENT FUNDS. AT JUNE 30, 2025 AND 2024, THE FOUNDATION HAS ENDOWMENT FUNDS TOTALING $33,598,912 AND $25,930,942, RESPECTIVELY. OF THIS BALANCE, FUNDS TOTALING $5,742,267 WERE RESTRICTED IN PERPETUITY FOR BOTH YEARS JUNE 30, 2025 AND 2024. IN ADDITION TO THE NET ASSETS WITH DONOR RESTRICTIONS, THE FOUNDATION HAS BOARD DESIGNATED ENDOWMENT FUNDS. DONOR-RESTRICTED ENDOWMENT FUNDS: THE IRIS AND JOSEPH POLLOCK FUND: TO PROVIDE FOR THE BROADCAST AND DISSEMINATION OF CLASSICAL MUSIC PROGRAMMING. NEWS, JOURNALISM, AND PUBLIC AFFAIRS FUND OF THE PBS ENDOWMENT FUND: TO SUPPORT NEWS, JOURNALISM, AND PUBLIC AFFAIRS PROGRAMMING, PARTICULARLY IN THE AREAS OF INVESTIGATIVE JOURNALISM FOUND IN PROGRAMS LIKE PBS NEWSHOUR AND FRONTLINE, BROADCAST BY PBS. BOARD DESIGNATED FUND: PBS ENDOWMENT FUND: TO PROVIDE A CONTINUED SOURCE OF INCOME FOR OPERATIONS, SPECIAL PROJECTS, CAPITAL IMPROVEMENTS OR FOR EMERGENCY NEEDS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote UNDER ASC 740-10, INCOME TAXES, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY UNRECOGNIZED TAX BENEFITS THAT SHOULD BE RECORDED. FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENTS OF ACTIVITIES. THE FOUNDATION IS STILL OPEN TO EXAMINATION BY TAXING AUTHORITIES FROM FISCAL YEAR 2022 FORWARD. X X X true Marts & Lundy 1200 Wall Street West 5th Floor Lyndhurst NJ 07071 Consulting false 0 46499 -46499 0 46499 -46499 CA CO CT DC FL GA AL HI IL KS KY ME AK MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN VA AR WA WV WI true Public Broadcasting Service 1225 S Clark Street Arlington VA 22202 520899215 501(C)(3) 34407244 PUBLIC BROADCASTING SERVICE: RESTRICTED GRANTS (34,407,244) TO SUPPORT PUBLIC BROADCASTING SERVICE PROGRAMMING. 1 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE PBS FOUNDATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S. INCLUDE THE FOLLOWING: 1) ORGANIZING THE RECEIPT AND MANAGEMENT OF FUNDING. 2) ENSURING A TASK MANAGEMENT PLAN IS ESTABLISHED TO MEET THE FUNDER'S REQUIREMENTS. 3) IMPLEMENTING A SYSTEM OF COMPLIANCE MANAGEMENT TO ENSURE RESOURCES ARE PROPERLY STEWARDED. 4) MAINTAINING ACCOUNTING AND FINANCIAL MANAGEMENT SYSTEMS AND PRACTICES. 5) FOLLOWING AUDIT MANAGEMENT GUIDELINES. 6) PROVIDING REGULAR REPORTING TO THE FUNDER AS REQUIRED. true false false false false false false true false Paula A Kerger PRESIDENT & DIRECTOR 0 884849 0 537050 0 49536 0 69000 0 62462 0 1602897 0 0 Jonathan Barzilay CHIEF OPERATING OFFICER 0 518053 0 208825 0 24263 0 58650 0 38456 0 848247 0 0 Katherine Lauderdale CHIEF LEGAL AND GOVERNANCE OFFICER 0 399125 0 94850 0 0 0 67350 0 18212 0 579537 0 0 Jill Patrone CORPORATE SECRETARY 0 267053 0 44225 0 0 0 24507 0 35105 0 370890 0 0 Thomas E Tardivo TREASURER 0 379472 0 89975 0 18649 0 47850 0 45846 0 581792 0 0 Brian J Reddington EXECUTIVE DIRECTOR 346880 0 62950 0 1376 0 31050 0 17409 0 459665 0 0 0 Idalia Ramos VP & DEPUTY DIRECTOR (THRU 06/2024) 152603 0 0 0 105431 0 17138 0 1560 0 276732 0 0 0 Tiajuana Graham VP, INDIVIDUAL GIVING 197659 0 31550 0 0 0 18790 0 29571 0 277570 0 0 0 Maureen Grieco SR.DIR, PRINCIPAL GIFTS 212656 0 10000 0 0 0 17436 0 11099 0 251191 0 0 0 Carrie C Scott SR.DIR, PRINCIPAL GIFTS (Thru 06/2024) 104337 0 0 0 117817 0 15767 0 13365 0 251286 0 0 0 Laura J Brown SR.DIR, PRINCIPAL GIFTS 189008 0 9100 0 0 0 16247 0 33117 0 247472 0 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE EXECUTIVE DIRECTOR IS COMPENSATED SOLELY BY THE PBS FOUNDATION. THE RELATED ORGANIZATION, PBS, USES A THIRD-PARTY CONSULTANT WHO IS A COMPENSATION EXPERT TO PROVIDE COMPARABILITY DATA FOR THE FOUNDATION'S EXECUTIVE DIRECTOR POSITION EACH YEAR. THE PBS CHIEF OPERATING OFFICER WORKING WITH THE HUMAN RESOURCE DEPARTMENT AND USING THIS COMPARABILITY DATA, MAKES A COMPENSATION RECOMMENDATION FOR THE FOUNDATION'S EXECUTIVE DIRECTOR POSITION. THE CHIEF EXECUTIVE OFFICER REVIEWS AND APPROVES THE RECOMMENDATION MADE BY THE CHIEF OPERATING OFFICER. THE FOUNDATION'S CHIEF EXECUTIVE OFFICER IS NOT COMPENSATED BY THE FILING ORGANIZATION. Schedule J, Part I, Line 4a Severance or change-of-control payment THE FORMER EMPLOYEES SHOWN BELOW RECEIVED SEVERANCE PAYMENTS IN CALENDAR 2024 ON TERMS CONSISTENT WITH STANDARDS IN THE INDUSTRY. Former VP & Deputy Director, PBS Foundation, Idalia Ramos received severance $97,376 Former Sr. Director, Principal Gifts, Carrie Scott received severance $89,583 Schedule J, Part I, Line 7 Non-fixed payments BONUSES ARE DISCRETIONARY AND DETERMINED ON AN ANNUAL BASIS BY THE PRESIDENT AND APPROVAL OF THE BOARD OF DIRECTORS. 38 11075776 Market value 0 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions THE PBS SENIOR DIRECTOR OF TREASURY OPERATIONS PROVIDES ASSISTANCE IN LIQUIDATING NON-CASH CONTRIBUTIONS DIRECTED TO THE PBS FOUNDATION, AND PROVIDES OVERSIGHT TO THE FOUNDATION'S ENDOWMENT FUNDS INVESTMENT PORTFOLIO. Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - The number of contributions for securities is the number of separate donations, not the number of shares of stock Form 990, Part VI, Line 1a Delegate broad authority to a committee THE PBS FOUNDATION BOARD HAS 20 MEMBERS, 19 OF WHOM ARE VOTING AND ONE OF WHOM IS NON-VOTING. Form 990, Part VI, Line 6 Classes of members or stockholders PBS IS PBS FOUNDATION'S SOLE MEMBER (ARTICLE 2.1 OF THE PBS FOUNDATION BYLAWS). Form 990, Part VI, Line 7a Members or stockholders electing members of governing body PER ARTICLE 3.2 OF THE PBS FOUNDATION BYLAWS, THE CHAIR OF THE PBS BOARD OF DIRECTORS, THE PRESIDENT OF PBS, AND EITHER A PBS BOARD MEMBER OR A SENIOR EXECUTIVE OF PBS AS DESIGNATED BY THE PBS BOARD CHAIR AND THE PBS PRESIDENT, SHALL SERVE AS EX OFFICIO, VOTING MEMBERS OF THE BOARD ("EX-OFFICIO DIRECTORS"). UP TO SEVENTEEN (17) ADDITIONAL DIRECTORS MAY BE ELECTED BY THE MEMBER TO SERVE ON THE BOARD AT ANY GIVEN TIME ("ELECTED DIRECTORS"). Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders PER ARTICLE 3.3 OF THE BYLAWS, PBS'S NOMINATING AND CORPORATE GOVERNANCE COMMITTEE MUST APPROVE ALL APPOINTMENTS OF PBS FOUNDATION BOARD MEMBERS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE PROCESS FOR REVIEWING THE PBS FOUNDATION FORM 990 PRIOR TO FILING INCLUDES A THOROUGH REVIEW BY THE EXECUTIVE DIRECTOR AND CERTAIN OFFICERS OF PBS FOUNDATION, INCLUDING THE PRESIDENT, TREASURER, AND CHIEF LEGAL AND GOVERNANCE OFFICER. THESE OFFICERS OF THE FOUNDATION ARE ALSO MEMBERS OF THE SENIOR MANAGEMENT TEAM AT PBS. IN ADDITION, COPIES OF THE FORM ARE PROVIDED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy IN ACCORDANCE WITH PBS'S CONFLICT OF INTEREST POLICY, PBS FOUNDATION'S EXECUTIVE STAFF, OFFICERS AND BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM AT THE BEGINNING OF EACH FISCAL YEAR AND ARE REQUIRED TO UPDATE THE FORM AS NECESSARY THROUGHOUT THE YEAR. THESE FORMS ARE DISTRIBUTED, COLLECTED, REVIEWED, AND RETAINED BY PBS FOUNDATION'S CORPORATE SECRETARY. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE FOUNDATION'S PARENT ORGANIZATION, PBS, EXECUTES ON AN ANNUAL BASIS A PROCESS BY WHICH IT DETERMINES THE COMPENSATION FOR THE FOUNDATION'S EXECUTIVE DIRECTOR. THE FOUNDATION'S EXECUTIVE DIRECTOR IS COMPENSATED BY THE FOUNDATION. THE PRESIDENT OF THE FOUNDATION AND ALL OTHER OFFICERS ARE COMPENSATED SOLELY BY THE RELATED ORGANIZATION, PBS. Form 990, Part VI, Line 19 Required documents available to the public FINANCIAL STATEMENTS AND POLICIES GOVERNING THE PBS FOUNDATION ARE MADE AVAILABLE UPON REQUEST IN WRITING. Public Broadcasting Service 1225 South Clark Street Arlington VA 22202 520899215 Public Broadcasting Service is a national member organization for America's public TV stations DC 501(c)(3) 7 false false true true false false false false false false false false true true true true true false true false