{"id":507892,"date":"2022-11-08T17:30:00","date_gmt":"2022-11-08T14:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/how-hollywoods-favorite-charity-went-broke\/"},"modified":"2022-11-08T17:30:00","modified_gmt":"2022-11-08T14:30:00","slug":"how-hollywoods-favorite-charity-went-broke","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/how-hollywoods-favorite-charity-went-broke\/","title":{"rendered":"#How Hollywood\u2019s Favorite Charity Went Broke"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3dd97e9dcd7\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3dd97e9dcd7\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/how-hollywoods-favorite-charity-went-broke\/#How_Hollywoods_Favorite_Charity_Went_Broke\" >How Hollywood\u2019s Favorite Charity Went Broke<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"How_Hollywoods_Favorite_Charity_Went_Broke\"><\/span>How Hollywood\u2019s Favorite Charity Went Broke<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    On Oct. 24, the head of Hollywood\u2019s most beloved charity, the century-old\u00a0Motion Picture &amp; Television Fund, warned of its \u201cimminent demise\u201d if it didn\u2019t raise at least $10 million by the end of this year. CEO Bob Beitcher wrote in\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/mptf.com\/letter-from-the-ceo\/\">an open letter<\/a>\u00a0sent to industry members the next day that, since the onset of the pandemic, the organization,\u00a0which provides <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> services and residential options for currently employed and retired entertainment workers, had incurred a massive operating shortfall largely stemming from\u00a0Covid-related expenses\u00a0and lost earnings from philanthropic events.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cNever sufficiently endowed, MPTF has always survived year to year and deficit to deficit,\u201d he explained in the letter, which also ran as an ad in\u00a0<em>The Hollywood Reporter<\/em>. \u201cWe are now operating in dangerous territory, rapidly depleting our cash reserves.\u201d Beitcher argued that the organization\u2019s capacity to help the thousands it serves \u2014\u00a0through\u00a0offerings like its retirement community in Woodland Hills, financial assistance grants and behavioral health services \u2014\u00a0\u201cliterally hangs in the balance\u201d and that without a \u201cdramatic\u201d boost in donations, \u201cwe will not be able to take care of our own much longer.\u201d\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    How did such a well-resourced charity, which has housed the likes of Hattie McDaniel and Stanley Kramer and welcomed donations from some of L.A.\u2019s deepest pockets, get to this point? After all, the non-profit \u2014 known for its annual power-packed Oscar event \u2014 features a collection of heavyweight boardmembers including Casey Wasserman, Bonnie Hammer, George Clooney, Channing Dungey, J.J. Abrams, Byron Allen, Nina Shaw and Ann Sarnoff. More to the point, not too long ago the MPTF made headlines touting eight-figure bequests from the likes of Jeffrey Katzenberg, Steven Spielberg and David Geffen. However, Beitcher reminded his readers, several recent pledges are \u201cto be paid out in the future, upon the death of the donors.\u201d<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The MPTF, verging on insolvency, is fighting for its life in large part because Hollywood is now a different place. The industry that birthed it has transformed, structurally and culturally. Generations of corporate and individual leaders created and then sustained the organization because they were passionate about the cause \u2014 or at least they felt they owed it to their progenitors not to let it down.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Now, as the business undergoes its latest convulsions, and the MPTF has its hands out, it\u2019s an open question whether it\u2019ll make good on its ongoing commitments to its lender, Northern Trust. (According to the organization\u2019s\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/mptf.com\/wp-content\/uploads\/2022\/05\/MPTF-AFS-12.31.2021.pdf\">latest publicly available financial statements<\/a>, the charity had over $58 million in net assets in 2021, around $52 million of which was restricted by donors either temporarily or permanently; that year the organization had an operating deficit of $10.4 million.)\u00a0\u201cWe\u2019re caught in the midst of generational change,\u201d Beitcher tells\u00a0<em>THR.<\/em>\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    ***\u00a0<\/p>\n<div class=\"post-content-image \/\/  \">\n<figure class=\"o-figure   size-large alignnone lrv-u-max-width-100p\" style=\"width:100%; max-width:1296px;\">\n<div class=\"c-lazy-image  \">\n<div class=\"lrv-a-crop-16x9\" style=\"padding-bottom:calc((730\/1296)*100%);\">\n<p>                        <img loading=\"lazy\" decoding=\"async\" class=\"c-lazy-image__img lrv-u-background-color-grey-lightest lrv-u-width-100p lrv-u-display-block lrv-u-height-auto\" src=\"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/11\/PBDMAPI_EC197-copy.jpg?w=1296\" alt=\"Mary Pickford, 1932\" srcset=\"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/11\/PBDMAPI_EC197-copy.jpg 1296w, https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/11\/PBDMAPI_EC197-copy.jpg?resize=125,70 125w, https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/11\/PBDMAPI_EC197-copy.jpg?resize=681,383 681w, https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/11\/PBDMAPI_EC197-copy.jpg?resize=450,253 450w\" data-lazy-sizes=\"(min-width: 87.5rem) 1000px, (min-width: 78.75rem) 681px, (min-width: 48rem) 450px, (max-width: 48rem) 250px\" height=\"730\" width=\"1296\" decoding=\"\"\/><\/div>\n<\/p><\/div><figcaption class=\"c-figcaption  lrv-u-padding-tb-025\"><span class=\"a-font-secondary-s lrv-u-margin-r-025\">Mary Pickford, 1932<\/span><\/p>\n<p>                                    <cite class=\"a-font-accent-uppercase-xs lrv-u-color-grey-dark\">Everett<\/cite><\/p>\n<\/figcaption><\/figure>\n<\/div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Founded in 1921 by Mary Pickford, what was then called the Motion Picture Relief Fund sought to provide aid to industry members in need not long before the movie business transitioned to sound, jeopardizing the earning ability of many who specialized in the silent medium. The unofficial motto: \u201cWe take care of our own.\u201d<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    In the century that followed, everyone from Judy Garland and Humphrey Bogart to, more recently, Jodie Foster and Kirk and Anne Douglas bankrolled the organization. They helped the Fund build out its \u201cWasserman campus,\u201d a retirement community and healthcare complex\u00a0named after key supporters Lew and Edie Wasserman at the then-pastoral western edge of the San Fernando Valley in Woodland Hills near Calabasas.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Beyond its on-campus offerings, the MPTF provides, among other services, financial assistance for entertainment workers in need as well as health insurance in collaboration with the Entertainment Community Fund. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Providing services has been pricey, and until recent decades, one stable revenue stream was a \u201cpayroll pledge\u201d arrangement with the studios. The brainchild of Pickford during the Great Depression, the pledge ensured that studio workers making more than $200 a week funneled a half a percent of their wages to the Fund. (Later, workers were able to contribute larger percentages of their paychecks and the program expanded to include unions and talent agencies.) While the payroll pledge still exists, the funds it raises have dwindled in tandem with the erosion of the studio system, as below-the-line Hollywood workers who used to be employed by studios have largely transitioned to gig work, moving from job to job.\u00a0\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cI can tell you that in the \u201970s and \u201980s that payroll pledge amounted to $10 million a year in 2021 dollars \u2014 and in 2021 that was under $400,000,\u201d Beitcher explains. The amount that was collected in 2021 originated with \u201cfor the most part pledges that were made 30 or 40 years ago,\u201d rather than new funds.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Recent years have seen other financial difficulties. In 2009, the MPTF nearly closed its long-term care facility in the face of spiraling healthcare costs.\u00a0At the time, the Fund said operating deficits from\u00a0this program and its acute-care facility\u00a0had mounted to around $10 million a year. The then-chair of the board of governors, Jeffrey Katzenberg, explained at the time that the obligations could\u2019ve bankrupted the organization \u201cin a very few years.\u201d\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The plan prompted an uproar from residents of the long-term care facility and their loved ones, several of whom\u00a0went so far as to enlist\u00a0Girardi &amp; Keese, the now-defunct firm of lawyer Tom Girardi, then a star plaintiffs\u2019 attorney.\u00a0(Girardi, the former husband of a cast member of\u00a0<em>The Real Housewives of Beverly Hills<\/em>, was disbarred in June following claims that he stole millions from clients; the scandal has been the focus of several seasons of the Bravo reality show.)\u00a0Eventually, the MPTF backed down. In the years that followed the initial outcry, the CEO resigned (Beitcher was the replacement) and the organization sold its primary care practice to UCLA Health, as well as two health center buildings.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Still, while these days the MPTF provides off-site social services to thousands of community members, the trend lines on the brick-and-mortar care it offers to its roughly 220<strong>\u00a0<\/strong>residents have only become more expensive since. Sighs one longtime Fund insider, \u201cthis is the most emotional issue.\u201d\u00a0(The organization noted in its 2019\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/mptf.com\/wp-content\/uploads\/2020\/10\/MPTF_AR_2019_Round16_v63_FINAL_REV5_HiRes.pdf\">annual report,<\/a>\u00a0the last before Covid hit, that residential care costs amounted to more than $10 million, the most expensive category measured.)\u00a0\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    ***\u00a0<\/p>\n<div class=\"post-content-image \/\/  \">\n<figure class=\"o-figure   size-full alignnone lrv-u-max-width-100p\" style=\"width:100%; max-width:1024px;\">\n<div class=\"c-lazy-image  \">\n<div class=\"lrv-a-crop-16x9\" style=\"padding-bottom:calc((577\/1024)*100%);\">\n<p>                        <img loading=\"lazy\" decoding=\"async\" class=\"c-lazy-image__img lrv-u-background-color-grey-lightest lrv-u-width-100p lrv-u-display-block lrv-u-height-auto\" src=\"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/11\/mptfweb3-1.jpg\" alt=\"\" srcset=\"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/11\/mptfweb3-1.jpg 1423w, https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/11\/mptfweb3-1.jpg?resize=125,70 125w, https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/11\/mptfweb3-1.jpg?resize=681,383 681w, https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/11\/mptfweb3-1.jpg?resize=450,253 450w\" data-lazy-sizes=\"(min-width: 87.5rem) 1000px, (min-width: 78.75rem) 681px, (min-width: 48rem) 450px, (max-width: 48rem) 250px\" height=\"577\" width=\"1024\" decoding=\"\"\/><\/div>\n<\/p><\/div><figcaption class=\"c-figcaption  lrv-u-padding-tb-025\"><span class=\"a-font-secondary-s lrv-u-margin-r-025\">Members of the MPTF\u2019s two boards. Top row, left to right: Bonnie Hammer, Jim Gianopulos, Bob Beitcher, John Wells, J.J. Abrams, Peter Rice. Bottom row, left to right: Betsy Beers, Casey Wasserman, Byron Allen, Ann Sarnoff,\u00a0 Channing Dungey, George Clooney.<\/span><\/p>\n<p>                                    <cite class=\"a-font-accent-uppercase-xs lrv-u-color-grey-dark\">Getty<\/cite><\/p>\n<\/figcaption><\/figure>\n<\/div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Under Beitcher, who arrived in 2011, the MPTF embarked on a high-profile, $350-million endowment campaign led by Jeffrey Katzenberg, its Board of Governors chair. It netted five widely publicized $30-million gifts:\u00a0the aforementioned pledges\u00a0from Katzenberg along with his erstwhile DreamWorks partners Spielberg and Geffen, as well as pledges from Steve Bing and Barry Diller, who when his own bequest was announced said that it \u201cseems impossible to me to have had success in the entertainment industry and not strongly support the MPTF.\u201d<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    All\u00a0these were \u201clegacy\u201d donations, in the parlance of the non-profit sphere. Which is to say the MPTF would receive the money after the philanthropists passed on. So, the assistance has yet to arrive. \u201cGod bless them, they\u2019re very healthy people, and they get great medical care,\u201d observes one longtime supporter. Now, adds longtime MPTF board member and producer Hawk Koch of the MPTF\u2019s legacy donations in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>, \u201cWe\u2019re hoping that some of those legacy gifts will come through sooner,\u201d meaning that some supporters might be willing to donate at least some portion of their promised funds before they pass away.\u00a0One benefactor who has since died \u2014 Bing, who died by suicide at age 55 in 2020 \u2014 had a reported $300,000 in remaining liquid assets, and his estate has since been the subject of a protracted family feud in probate court. The MPTF has yet to see the promised <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ropriation.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    These large posthumous gifts, never paid out, have been a dilemma for the organization. They\u2019ve collectively created a Potemkin-village impression of security (further underscored by the MPTF\u2019s signature, starry Night Before parties ahead of the Oscars) which may disincline potential givers who think the charity isn\u2019t in need of help.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Securing new donations has become increasingly difficult. The MPTF\u2019s century-old mission \u2014 assisting down-on-their-luck and elderly entertainment workers \u2014\u00a0isn\u2019t the donation magnet it once was. These days, on an individual level, those inclined to give away their wealth are more often drawn to climate and hunger initiatives. In even-numbered years, the activity around town bends toward left-leaning political campaigns and causes. \u201cYou throw in a pandemic and other issues that are happening in the world and it\u2019s only made it more challenging [to raise funds],\u201d explains the MPTF\u2019s chief development officer, Courteney Bailey.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    In the meantime, corporate giving has withered.\u00a0A\u00a0few big firms, most notably Comcast, have maintained their commitment of significant giving,\u00a0but\u00a0a generation of Hollywood\u2019s management turnover, belt-tightening ethos, institutional consolidation and Silicon Valley domination have left the MPTF without a robust patron class willing to dig into its pockets. One problem in particular has been the recent <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of entertainment mega mergers and acquisitions that has whittled the number of corporate donors over the years.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Explains one board member, \u201cI think all the major corporations in our business should be giving. Only a few are giving and we need all of them to give.\u201d While the organization declines to call out the tightfisted,\u00a0<em>THR<\/em>\u00a0has learned an emblematic case is Amazon Studios, which completed its acquisition of MGM, a founding industry studio and a longtime MPTF donor, earlier this year. (Neither entity responded to inquiries about its donations to the MPTF in recent years.)<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Still, the MPTF\u2019s boards of directors and governors \u2014 the former focused on its administration, the latter on fundraising \u2014 also have a fiduciary duty to\u00a0\u201cact in the best interest of the nonprofit that they\u2019re overseeing,\u201d says\u00a0Laurie Styron, executive director of nonprofit watchdog CharityWatch. The boards\u2019 collective membership ranges from George Clooney, Jim Gianopulos and Christopher Nolan to DGA national executive director Russell Hollander and IATSE international president Matthew Loeb. (New arrivals this year include Greg Berlanti and Curtis \u201c50 Cent\u201d Jackson.) When asked what responsibility the board bears for the charity\u2019s financial precarity, Koch responds, \u201cthe board [of directors] is always aware and we\u2019re always trying to find a way.\u201d He adds, \u201cCOVID and the pandemic is what really pushed us over the edge. We were doing okay, we were fighting the good fight all the time.\u201d\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    A concerning aspect of the MPTF\u2019s predicament, notes Styron, is that it\u00a0\u201chas made some pretty serious operations obligations for ongoing care of people,\u201d and that retracting any services in the face of financial difficulties would be tricky.<strong>\u00a0<\/strong>And,\u00a0with inflation still high and the specter of a potential recession and major labor talks looming (some WGA West members are already talking up the possibility of a strike), more members of the rank-and-file may soon be in need of the MPTF\u2019s services.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    MPTF insiders contend Beitcher\u2019s letter, which he circulated to members of both boards prior to its public release, is a play to scare up dollars from the industry at large during the final fiscal quarter, when holiday-season giving decision are made. Just as important, the gambit is meant to spur those posthumous givers, who Beitcher and his like-minded MPTF allies hope will now ante-up financial assistance immediately, rather than after they\u2019re dead.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    While\u00a0some believe Beitcher\u2019s strategy is risky, alienating perhaps his most crucial backers, the CEO says it\u2019s already working.\u00a0\u201cMajor donors have stepped up and are also involved in advocacy among their peer group,\u201d he explains. \u201cWe are not ready to name names yet but will in the next few weeks once we give others an opportunity to join this generous cohort.\u201d<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    One name to watch will be Katzenberg, for three decades the MPTF\u2019s chief arm-twister on donations, who left the organization and the board in 2021, the same year the charity celebrated its 100th anniversary. Following the collapse of his short-form video firm Quibi, and his subsequent business shift away from Hollywood, the mogul has been spending more time pursuing other philanthropic interests, chiefly a focus on homelessness. Katzenberg declined to comment.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    For now, the MPTF hopes to avoid curtailing or canceling services, and will focus its efforts on satisfying its bank covenants by the end of the year, hoping to raise up to $20 million, according to Koch.\u00a0While\u00a0those close to the organization don\u2019t believe Northern Trust, its lender, is going risk the blowback of playing hardball with one of the nation\u2019s most storied old-age homes, they don\u2019t want to test the proposition.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cThis situation is real,\u201d insists Beitcher. \u201cIt\u2019s time for everyone in the industry to know that we\u2019re only here due to the generosity of our donors. People can\u2019t sit on their hands hoping that three or four people will solve this problem. That\u2019s not a long-term solution.\u201d<\/p>\n<\/p><\/div>\n<p><script type=\"text\/plain\" class=\"optanon-category-C0004\">\n!function(f, b, e, v, n, t, s) {\nif (f.fbq) return;\nn = f.fbq = function() {n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);};\nif (!f._fbq) f._fbq = n;\nn.push = n;\nn.loaded = !0;\nn.version = '2.0';\nn.queue = [];\nt = b.createElement(e);\nt.async = !0;\nt.src = v;\ns = b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t, s);\n}(window, document, 'script', 'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '352999048212581');\nfbq('track', 'PageView');\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/social-media\/\" target=\"_blank\" rel=\"noopener\">Social Media category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.hollywoodreporter.com\/business\/business-news\/how-motion-picture-television-fund-went-broke-1235257083\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Hollywood\u2019s Favorite Charity Went Broke On Oct. 24, the head of Hollywood\u2019s most beloved charity, the century-old\u00a0Motion Picture &amp; Television Fund, warned of its \u201cimminent demise\u201d if it didn\u2019t raise at least $10 million by the end of this year. CEO Bob Beitcher wrote in\u00a0an open letter\u00a0sent to industry members the next day that,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":507893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/11\/mptfweb2.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[28433,2961,135233,75674],"class_list":["post-507892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa","tag-charity","tag-jeffrey-katzenberg","tag-mptf","tag-philanthropy"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/507892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=507892"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/507892\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/507893"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=507892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=507892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=507892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}