Arizona station benefits from new endowment

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KAET at Arizona State University in Phoenix will receive about $25,000 annually through a planned giving donation from a longtime fan. The new Melvina C. Killion Charitable Endowment is named for “a really fine supporter” of the station, Gary McMahan, Channel 8’s associate director of development, told Current. Killion died Jan. 6 at age 91. The size of her estate is still being determined, but is estimated at between $1.6 million and $1.9 million, he said. Three other organizations will share the funding. Killion came on as a station member in 1987, McMahan said, by donating $100. Her annual giving over the years increased to $5,000. The endowment money will be directed to the station via the Arizona State University Foundation and should begin flowing within the next year.

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