Who knew Corporate still felt so guilty? The Gannett Foundation gave $4.5 million to the Rochester Area Community Foundation in 2006 -- about half the $9.2 million in overall gifts it made that year, based on the total reported in the most recent public tax returns. The foundation also gave $100,000 to the United Way of Greater Rochester -- the most to any United Way that year. (No. 2 Cincinnati's United Way got $76,000; No. 3 was the United Way of Metropolitan Nashville, at $30,000, the documents show.) The Nixon Peabody law firm's Rochester office also bellied up to the trough: The foundation paid the firm $145,330 for unspecified legal work in 2006, documents show.Why so much generosity toward Rochester? Newer employees may not know that Gannett was headquartered there until the late 1970s/early 1980s, when CEO Al Neuharth wanted to raise the company's profile by moving Corporate -- and lots of high-paying jobs -- close to Washington, D.C.
[Image: this morning's Rochester Democrat and Chronicle, Newseum]
No comments:
Post a Comment
Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."
Note: Only a member of this blog may post a comment.