Ron Arnold's Left Tracking Library

Schumann Center for Media and Democracy

The Schumann Center for Media and Democracy, Inc.
33 Park Street
Montclair, NJ 07042
Telephone: (973) 783-6660
Fax: (973) 783-7553

email: not published
Website: no website
Type of foundation: Private
2002 Assets:
$60,963,043  
EIN:
22-6044214
Exempt since May 1966

EGA Member

Description: Rabidly anti-capitalist donor led by media icon Bill Moyers.

In their own words: "renewing the democratic process through cooperative acts of citizenship, particularly as they apply to governance and the environment."

Assets Amount: $60,963,043    AM
Assets Amount: $60,963,043 AM
Expenditures: $6,046,412
Qualifying Distribution: $5,624,699
Total Giving: $5,096,495
Grants Amount: $5,096,495  Number of Grants: 25


The Schumann Center for Media and Democracy, Inc.'s investment portfolio contains:

  • 2000 shares of British Petroleum;

  • 5,000 shares Columbia Gas Systems;

  • 4,200 shares Conoco, Inc.;

  • 3,900 shares Keyspan Energy (natural gas distribution);

  • 10,000 shares Noble Affiliates (oil & gas exploration and development);

  • 10,200 shares Pioneer Natural Resource Company (oil & gas exploration and development);

  • 10,000 shares Royal Dutch Petroleum Company (Royal Dutch / Shell Oil holding company);

  • 10,000 shares Shell Transportation and Trading Company (another Royal Dutch / Shell Oil holding company); plus

  • 12,500 shares of Ford Motor Company.

ORIGIN OF THE WEALTH: Florence Ford and John Schumann settled in Montclair, New Jersey soon after they married in 1917. During their forty-seven year marriage, they amassed a considerable fortune, combining inherited wealth from Florence Ford's father, one of the founders of the IBM Corporation, with John Schumann's business success, which culminated with his presidency of the General Motors Acceptance Corporation.  In 1961, they set up the Florence and John Schumann Foundation .

Officers and Trustees:
Robert F. Schumann, Chairman; Bill D. Moyers, President; Lynn C. Welhorsky, V.P. Administration; W. Ford Schumann, V.P.; David S. Bate, Secretary-Treasurer.; Michael J. Johnston; Joan Konner; Patricia A. McCarthy; William McKibben
Staff: 3
 

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