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Spielberg, Katzenberg, and Geffen Each Donate $30 Million to MPTF

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Spielberg, Katzenberg, and Geffen Each Donate $30 Million to MPTF
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As of today, the nonprofit Motion Picture & Television Fund is suddenly $90 million closer to reaching its $350 million fundraising goal. Dreamworks SKG co-founders Stephen Spielberg, Jeffrey Katzenberg, and David Geffen have each pledged to donate $30 million to the MPTF Campaign, the organization announced this morning.

“Steven Spielberg, Jeffrey Katzenberg, and David Geffen are each legendary for their philanthropy and individually have made immeasurable impact on charities and organizations ranging from arts and culture, health care, education, film preservation, and social services in our Hollywood community and around the nation,” said MPTF board member and fundraising campaign co-chair George Clooney, who made the announcement Oct. 16. “And now for them to make this unified commitment to MPTF only adds to that incredible record of generosity.”

The MPTF Campaign, which the charity announced earlier this year, aims to build the organization’s endowment so that it can continue to provide services and financial assistance to members of the entertainment industry in need, including seniors. Katzenberg, who is also chairman of the MPTF Foundation, called the 90-year-old nonprofit “our industry’s most important and valuable charitable organization. Hopefully, with this gift, MPTF will get even closer to reaching its ambitious goal for its endowment campaign.”

Spielberg added, “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, and so this new donation is an extension of what we have been doing for a number of years to support that mission.”

Several other Hollywood heavyweights have donated large sums to the campaign this year, as well. Film producer Steve Bing donated $30 million in September. Earlier this year, Barry Diller and Diane von Furstenberg's Diller-von Furstenberg Family Foundation also contributed $30 million to the campaign. Kirk Douglas and his wife, Anne, pledged $20 million to the organization, as did Rupert Murdoch's News Corp.

“Our dedication to supporting the needs of the workforce as well as the growing needs of our industry’s senior population continues to put incredible pressure on our philanthropic needs,” MPTF President and CEO Bob Beitcher said in a statement. “Along with our annual giving programs, the MPTF Campaign is key to our long-term survival. Ultimately the endowment will secure our ability to adapt and grow to meet whatever comes our way thanks to everyone who has so generously supported the campaign to date.”

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