An anonymous donor has given $10 million to an independent radio station in Seattle.
The Seattle Times reports that the gift to KEXP was made by a woman before she died. Betsy Troutman, the station’s director of development, said the amount of the gift was “transformational.”
The bulk of the money will be placed in a longtime reserve and provide seed money for education programs. The money will also go toward the station’s digital-content strategy, and improvements to radio programming.
Executive Director Tom Mara said the money gives the popular station some financial room and an ability to fund innovation.
The station moved into its new headquarters at Seattle Center in 2016.
KEXP has received its largest-ever philanthropic gift in the form of a bequest from a generous donor. The entire KEXP family would like to express its gratitude to Suzanne for her transformative gift to the organization. Learn more: https://t.co/DFAF53yT7P pic.twitter.com/X7oJGaqXYD
— KEXP (@kexp) April 16, 2018