The Academy of Television Arts & Sciences Foundation has launched a $50 million fundraising campaign to establish an Institute of Telecommunications.
The goal is to build a facility behind ATAS’ North Hollywood headquarters that would house the Archive of American Television oral history collection and other educational and historical materials. The push to establish an institute dedicated to the preservation and study of telecommunications was unveiled Friday by ATAS foundation prexy Thomas Sarnoff.
Leo Chaloukian, former ATAS prexy and currently a veepee with Soundelux Entertainment Group, has been tapped as chairman of the capital campaign building committee for the institute.
“We want the Academy to be the primary focal point for future telecommunications research and ideas,” said Chaloukian.
Of the $50 million target of the fundraising campaign, $25 million would be spent on construction and equipment for the institute. Another $15 million would go to an endowment fund for educational programs, and the remaining $10 million would be set aside for the Archive of American Television project.