What is the status of the SNPA and Inland foundations?
Both the SNPA Foundation and the Inland Press Foundation remain separate from the new association. Each foundation has its own set of independently-elected trustees, who will continue to oversee their respective endowment funds, investments and spending policies.
Both foundations have pledged to support the educational work of the new association for five years with grants that total approximately 4 percent of their respective endowment balances. Together, these two foundations will provide almost $550,000 of funding for the new association in its first year.