The Walter Kaitz Foundation is a not-for-profit organization that furthers diverse initiatives throughout the industry and in the media. The Foundation carries out studies, provides sponsorship's, partnerships and grants. They also promotes inclusion and participation of women and multi- ethnic people of color in the industry.
History
The foundation was established in 1980 in honor of Walter Kaitz, a Russian immigrant who was president of the California Cable Television Association from the early 1960s until his death in 1979. Kaitz graduated from Harvard University after attending on a scholarship for newspaper carriers, and later graduated from the University of CaliforniaBoalt Law School. He was a vocal advocate of equal opportunities for individuals in business. His son, Spencer Kaitz, succeeded the elder Kaitz as President of the CCTA, and started The Walter Kaitz Foundation after receiving contributions in his father’s honor from industry colleagues. With offices in Washington, D.C., the Walter Kaitz Foundation is co-located with the National Cable & Telecommunications Association, a cable industry public affairs organization. The foundation’s executive director is David Porter, who was previously Director of Graduate Programs for the Howard UniversitySchool of Business from 2003 – 2006, and before that, was an assistant professor at the UCLA Anderson School. The foundation raises funds from cable industry participants and disburses them through three independent not-for-profit organizations: The Emma L. Bowen Foundation, which prepares minority youth for careers in the media industry; the National Association for Multi-Ethnicity in Cable, which helps people of color identify mentors and advance their careers; and Women in Cable & Telecommunications, which provides career guidance and training for women in the communications field. From 2004 till 2019 the Foundation distributed over $19,5 million in support of programs and initiatives.
Annual Dinner event
Much of the funding for the Walter Kaitz Foundation comes from an annual dinner the organization presents to celebrate Diversity Week, a series of meetings and events sponsored by cable industry organizations in New York City. The dinner honors individuals from within and outside of the cable industry who have demonstrated a commitment to diversity. The foundation’s Annual Dinner, held in September in New York City, is a premiere social event for the cable industry, attracting top-level executives and industry professionals. The dinner raises funding for the Walter Kaitz Foundation and the organizations it supports. At its 24th annual fund-raising dinner in New York City in 2007, the Foundation raised about $1,7 million. In 2018 the Foundation raised about $1,4 million. In 2019 the Dinner was attended by about 800 persons who represented 68 organizations and companies.
