Frank Pfaffinger, the former Treasurer of Times-Mirror, began the foundation with a bequest of slightly over $400,000. Grants started in 1945. Since then the foundation has given over $100 million. It has $80 million in assets which enables it to make over $3 million in grants each year.
The primary purpose of the foundation is to help Times-Mirror employees, ex employees, retirees, and their families who are in financial need. For the past 60 years the foundation has also given grants to local charities. Since the 1990s these grants have been focused on social service organizations, many of whom may also be able to help our ex-employees and retirees.
In making grants, Pfaffinger first seeks to help employees and ex employees who need assistance to get back on their feet. This follows Frank Pfaffinger’s philosophy that more good is done helping people “get over the hump” rather than spending larger sums in permanent support. However, the foundation does recognize the need for long term help. It currently supports over 100 retirees with long term assistance.
We encourage visits to our website www.pfoundation.org, and also encourage employees, ex employees and retirees to contact us if they are facing a financial crisis. This is a difficult time in the publishing business. The Pfaffinger Foundation plans to use it assets to help as many people in the former Times-Mirror family as it possibly can.
LAT editorial 1977-2013
Well this ex TMC employee received over $17,000. to pay medical bills, medical equipment and insurance, last year when my insurance wouldn't. It wont pay your credit cards. nor should it.
The Pfaffinger Foundation has been very helpful to many current and former employees of the Los Angeles Times.
After my grandfather passed away the foundation was always available for my grandmother up until her passing, my grandfather was a truck mechanic for the newspaper.
My mother has been contacted by the Pfaffinger Foundation many times, be it written letters or phone calls, after my father passed away two years ago, he was a truck driver for the Times.
Many positive testimonies has been published on my blog from colleagues that have been assisted, after leaving the Los Angeles Times.
The anonymous writer is simply acting as a watchdog, which has sparked the attention of many.
The Pfaffinger Foundation was setup in 1936 by Frank Pfaffinger during the great depression to assist Times Mirror employees ONLY. And to quote Ray Tanner, past Pfaffinger Board Member, Treasurer and Secretary "Exclusively for Times-Mirror employees".
The first time Pfaffinger Funds were used for non-employee giving was at the end of the 1950's, after Mina Pfaffinger died, when Norman Chandler used its funds for the Dorothy Chandler Pavilion and the Harry Chandler Cafeteria at Caltech. This information is available in LA Times articles in the Proquest system available in many libraries. So don't take my word for it.
Since then the company has loaded the board with only company executives who use much of the money for giving that is related to the company and possibly other pet charities.
I do not believe that the Pfaffinger board has read the Articles of Incorporation, the Bylaws and especially the originally Trust Document dated Nov. 28, 1936 where Mr. Pfaffinger spelled out his desire to help ONLY TIMES EMPLOYEES.
This document used to be in the archives of the Attorney General's Charity database and in the Secretary of State's Archive but is now missing form both. The only copy of this document left in exsistance is being help by Steve Meier who will not let anyone see it.
Here are some quotes from documents and articles from the 1940's that explain what the Pfaffinger Foundation was to be used for:
"Exclusively for the Times-Mirror employees." - Foundation Library
“The net proceeds of the foundation are to be used for the financial relief or assistance of needy employees and former employees of the Times Mirror Company, and their relatives and dependents, whenever, and to the extent that such relief may, in the discretion of the trustees of the foundation, appear necessary or desirable.”
- Francis X. Pfaffinger
“His entire fortune is to go to a fund in perpetuity, which, under a board of control, will afford an income for benefit of newspaper employees.” - Times Article
“When 83, Pfaffinger announced that his entire personal fortune would be place in a fund in perpetuity, which under a board of control, will afford an income for the benefit of newspaper employees.” Times article
So, has the Pfaffinger Foundation help many people? Definetely
Has the Pfaffinger Foundation misused funds for things other that TMC employees? Most likely.
The Pfaffinger Foundation is the foundation of Times Mirror employees. This is not the foundation of the Los Angeles Times, Times Mirror, Tribune or the Chandlers. The employees of Times Mirror have no real representation on the board and many have suffered....some even have committed suicide.