Posted by Thursday, November 30, 2017 by RODNEY HO/rho@ajc.com on his AJC Radio & TV Talk blog
Public Broadcasting Atlanta, which owns 90.1/WABE-FM and PBA30, recently received a $502,000 gift from a listener. This bolsters the organization's financial situation, which is in good shape.
Jane Nicol, a long-time donor, passed away and bequested a half-million dollar gift to PBA, according to Tina Arbes, chief financial officer, during the bi-monthly board meeting Thursday morning at PBA headquarters. The monies will be placed in the organization's endowment.
"We're just very fortunate we were part of her insurance policies," Arbes said. "It really paid off wonderfully for our balance sheet."
Revenue is up 5 percent year over year so far. (PBA's financial year ends June 30 so the organization is five months into FY 2018.) Nearly 90 percent of its revenue come from individual giving, grants underwriting. The Corporation for Public Broadcasting provides most of the remaining 10 percent of the annual budget.
