In a $90 million gift to the Motion Picture and Television Fund, the three men who created DreamWorks — Steven Spielberg, Jeffrey Katzenberg and David Geffen — are each donating $30 million to the fund.
George Clooney, MPTF board member and co-chair of the campaign to raise $350 million, made the announcement Tuesday.
“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,” Clooney said in a statement. “And now for them to make this unified commitment to MPTF only adds to that incredible record of generosity.”
Katzenberg, chairman of the MPTF Foundation, noted that the campaign was initiated to ensure that funding for the MPTF’s charitable programs and services would be secure.
“We feel very fortunate that we are able to give back, 18 years after we started DreamWorks,” Katzenberg said. “Hopefully, with this gift, The MPTF will get even closer to reaching its ambitious goal for its endowment campaign.”
Announcement comes a month after producer/philanthropist Steve Bing agreed to donate $30 million, matching a contribution from Barry Diller that was disclosed in June. Anne and Kirk Douglas and Rupert Murdoch also came on board with $20 million gifts this summer.
“I can think of no better way to support the industry than by uniting with my two esteemed partners to ensure that the Fund is able to continue to provide essential services to those in need,” said Geffen. “I couldn’t be happier to contribute to such an important, impactful cause.”
The MPTF has now raised most of its $350 million goal. Katzenberg and George Clooney unveiled the $350 million campaign in February.
“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,” said Spielberg. “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. And somewhere I have this feeling that a smiling Lew and Edie are looking down with pride that their gentle persuasion over the years helped lead us all to this moment.”
Other donors to the campaign unveiled in February have included Tom Cruise, Fox Entertainment Group, Michael Lewis, Jerrold Perenchio, Todd Phillips, Joe Roth, Patrick Soon-Shiong, Thomas Tull, Casey Wasserman and John and Marilyn Wells.
“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,” said MPTF president and CEO Bob Beitcher. “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.”
Until the fundraising campaign launched, the only equivalent gift to the foundation came more than three decades ago from the Samuel Goldwyn family, when the foundation received the proceeds from the sale of the Samuel Goldwyn Studio to Warner Bros.
The MPTF has been recovering since its January 2009 announcement that rising costs amid the recession would force it to shutter its long-term care unit, which had 136 patients at the time, as well as its acute-care hospital — leading to bizzers questioning the fund’s commitment to its stated goal of “taking care of our own.” But earlier this year, the MPTF disclosed it would begin admitting new patients for the first time in three years, going from 29 patients to as many as 40.
MPTF execs have repeatedly emphasized that the fund will continue to operate its independent and assisted-care facilities in Woodland Hills and half a dozen health centers in the Los Angeles area, along with modernizing the Woodland Hills campus and expanding its medical and social services for biz retirees.