PFAFFINGER FOUNDATION HISTORY
PFAFFINGER FOUNDATION was established in 1936 by Frank Pfaffinger, a cabinet-maker from Bavaria who
immigrated to the United
States in 1882 and began working for the Los
Angeles Times in 1887. During a 53-year
career with the Los Angeles Times, Mr. Pfaffinger also served as treasurer of
the Times Mirror Company, formerly the parent company of the newspapers whose
employees are now served by the Foundation.
He helped the company grow through his frugal spending policies and careful business practices.
Mr. Pfaffinger was a philanthropist who cared deeply about
the welfare of his fellow employees, often anonymously helping employees in
need. He was an early shareholder of
Times Mirror, acquired real estate in Los Angeles
and elsewhere in Southern California, and
invested in a number of local business ventures. Four years before his death in 1940, he set
aside the bulk of his estate to create a permanent foundation that would that
would, as he requested, assist “needy employees and former employees of The
Times Mirror Company,” and their families.
Since the Foundation’s assistance program became fully operational in
1945, grants have been made continuously to employees, retirees, and their
families.
Frank Pfaffinger’s extraordinary insight created a legacy
that continues into the 21st Century. Direct financial assistance, coupled with the
support and guidance of professional case managers, make the Pfaffinger Foundation
a rare and nearly unique organization.
TODAY
The Pfaffinger Foundation continues to honor the legacy of
Frank Pfaffinger. Managed by a professional
staff under the direction of a board of directors, the Pfaffinger Foundation
provides help to eligible employees, retirees, and surviving spouses at the
newspapers previously owned by Times Mirror.
Assistance is provided for such needs as medical expenses, emergency
food and shelter, and other basic necessities due to unforeseen financial
difficulties. The Foundation does not
provide funds for usual or voluntary expenses such as weddings, travel, or
investments.
Los Angeles Times employees are also eligible for assistance
from the Foundation. A separate brochure
is available for them describing the Foundation’s programs.
Question ??? What will happen to all the money when all former Times Mirror employees have past on? Will it go to families of former Time Mirror employees forever? Maybe they should divy it up! - Steve ( former press operator Los Angeles Times).
ReplyDelete