OPENING SLIDE

President’s Report

Where we’ve been:

• The Foundation’s 2011 Annual Report was reviewed and approved by the Board and submitted to the license holder, the University of Massachusetts Amherst, in February 2012.

• The Board cultivated candidates for Director vacancies and actively sought appropriate candidates for other Board vacancies.

• The Board’s goal of raising $3.2MM in pledges and gifts by May 2012, prior to closing on 1525 Main Street was exceeded by more than $400,000.• This included $750,000 in cash to purchase the

condominium space. • Over $5MM toward the overall $7MM goal has been raised.

Where we’ve been:

• The Foundation hosted the fourth, most successful to date, Arts Humanities Awards event at the Log Cabin.

• Changed the name of the Foundation from WFCR Foundation, Inc. to New England Public Radio Foundation, Inc.

• Started NPR Diversity Training Program

• Approved the receipt of $1MM in New Markets Tax Credits.

Where we’ve been:

• Hired an architect, construction manager, and owner’s representative.

• The Board established a subsidiary 501 (c) (3) non-profit – NEPR Real Estate Foundation, Inc.

• NEPR Real Estate Foundation, Inc. closed on the property at 1525 Main Street, on Thursday, December 27, 2012.

Where we’ve been:

Martin Miller, Marc Berman and Steve Shatz sign the purchase agreement for 1525 Main Street, December 27, 2012.

A look ahead: The top board items in 2013

• Close on New Markets Tax Credits

• Ground Breaking Ceremony in early February

• Begin construction of 1525 Main Street in May

• Frequency expansion for all-news WNNZ

• Raise $2MM for the 50th Anniversary Capital Campaign for WFCR this calendar year

A look ahead: The top board items in 2013

• Complete the Foundation’s 2012 Annual Report to the license holder

• Recruit new Directors to the Board, including a Vice President as soon as possible

• Discuss impact on Annual Budget due to shift in giving to Sustaining Partners (monthly giving) Program

A look ahead: The top board items in 2013

• Discuss the role of the Board in fundraising

• Conduct a complete review of the by-laws

• Continue to work with NPR on diversity

• Host “Bill Cosby Live for New England Public Radio,” March 2, 2013

• Host the 5th Annual NEPR Arts & Humanities Awards, May 7, 2013