Foundation and Funding
Bozell and a group of other young conservatives founded the MRC on October 1, 1987, with only themselves, a black-and-white television set, and rented computer at their headquarters. Their initial budget was at US$339,000. Prior to founding the MRC, Bozell was the chairman of the National Conservative Political Action Committee; he resigned from that position a month before establishing MRC.
The MRC has received financial support from several foundations, including the Bradley, Scaife, Olin, Castle Rock, Carthage and JM foundations. Bob Ward has said that it also receives funding from ExxonMobil.
Read more about this topic: Media Research Center
Famous quotes containing the word foundation:
“The foundation of humility is truth. The humble man sees himself as he is. If his depreciation of himself were untrue,... it would not be praiseworthy, and would be a form of hypocrisy, which is one of the evils of Pride. The man who is falsely humble, we know from our own experience, is one who is falsely proud.”
—Henry Fairlie (1924–1990)