Thursday, December 12, 2019

DREAMWORKS’ ORIGINAL TRIUMVERATE PLEDGES $90M TO MPTF

October 17, 2012 by · Leave a Comment 

Giving the initial impression that they have gone a long way toward saving the beleaguered Motion Picture & Television Fund, the triumvirate that founded the DreamWorks studio — Steven Spielberg, Jeffrey Katzenberg and David Geffen — announced on Tuesday that they will each done $30 million to the non-profit fund. In a statement, George Clooney, who heads the campaign to raise $350 million for the MPTF, said, “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. And now for them to make this unified commitment to MPTF only adds to that incredible record of generosity.” The pledge by Spielberg, Katzenberg and Geffen comes on the heels of similar $30-million pledges by Steve Bing and the Barry Diller/Diana von Furstenberg Family Foundation and $20-million pledges by Rupert Murdoch and Anne and Kirk Douglas. However, today’s (Wednesday) New York Times noted that it is not the case that with the new contributions that the MPTF is “awash in money.” The Times noted that the money from the three new donors does not begin flowing to the fund until after they die. Spielberg is 65, Katzenberg, 61 and Geffen, 69.