EXCLUSIVE: Hollywood has answered the call and rallied to the rescue of the Motion Picture & Television Fund, which late last year was facing its “imminent demise” and the very real prospect of…
And while the immediate crisis has passed and MPTF’s financial condition has stabilized, it’s still in urgent need of donations in order to continue operating as a safety net for thousands of film and TV industry workers, and as a retirement home for hundreds of industry veterans.told Deadline. “We squeaked through our ‘whew moment,’ but the need is still there; it’s still urgent.
“I’m always reluctant to predict the future,” he told Deadline on Friday, “but we now have financial stability for the next few years, at least, and if we can continue to raise money at the level that we approximated in 2022, then we should be around for a long time. But this wasn’t a three-month sprint.
“Our message to them is we got through the year and the financial situation is stable and that whatever concerns they had in 2022, they can make a New Year’s resolution to forget. But having said that, like any other not-for-profit, it’s always a year-to-year enterprise. But if we can continue raising money at the pace of $12 million a year, plus our annual fund raising and our events, then we are on solid and stable ground.
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