Kaitz Foundation to come under NCTA umbrella
The National Cable & Telecommunications Association confirmed this week that it will assume operational control of the Walter Kaitz Foundation.
The reorganization followed three months of deliberations headed up by a committee appointed by the Kaitz Foundation board and co-chaired by Time Warner Cable Executive Vice President Lynn Yaeger and Comcast Corp. Executive Vice President David Cohen.
Among the key points of the reorg, Kaitz will remain the industry's lead diversity organization and retain a CEO-level board. Like the model used for Cable in the Classroom, Kaitz will operate under the administrative umbrella of NCTA.
The organization's annual fund-raising dinner will also continue, but the current dues structure will be replaced by a membership fee program. The new structure will become effective Jan. 1, 2004.
The Foundation itself will tighten its focus on increasing funding to support other diversity-related cable organizations, including the Emma Bowen Foundation, the National Association for Multi-ethnicity in Communications (NAMIC), and Women in Cable and Telecommunications (WICT). It will also enhance its "Cable Industry Supplier Diversity Program" and revamp its Cable Industry Diversity Web site.
Preserving Kaitz under this new model "allows us to maintain the focus on diversity at the highest levels of our industry that has been such a valuable hallmark of the Kaitz Foundation, and more efficiently channel support to proven industry diversity organizations," said NCTA President and CEO Robert Sachs, in a statement.