TY 2020 Form 990

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC)
(1) MAUREEN J REIDY...................................................................... PRESIDENT & CEO	35.00 .................	X	X		790,152	22,412
(2) DIANE LEWIS...................................................................... EXECUTIVE VICE PRESIDENT	35.00 .................		X		371,032	53,317
(3) DAVID SCHOER...................................................................... TREASURER, EXECUTIVE VICE PRES	35.00 .................		X		305,216	12,309
(4) SHAYNE DOTY...................................................................... SVP, DEVELOPMENT	35.00 .................			X	266,032	16,726
(5) ANDY MEYER...................................................................... SVP, PROGRAMMING	35.00 .................			X	225,360	30,931
(6) DAVID WEINBERG...................................................................... VP, BUSINESS & LEGAL AFFAIRS	35.00 .................			X	208,552	39,193
(7) JOANNA SCHOLL...................................................................... SVP,MARKETING & COMMUNICATIONS	35.00 .................			X	200,360	18,107
(8) DOUG GIBBONS...................................................................... SENIOR DIRECTOR, LIBRARY	35.00 .................			X	152,944	39,356
(9) FRANK A BENNACK JR...................................................................... CHAIRMAN	1.00 .................	X			0	0
(10) MEL KARMAZIN...................................................................... VICE CHAIRMAN	1.00 .................	X			0	0
(11) DANIEL L MOSLEY...................................................................... TRUSTEE/SECRETARY	1.00 .................	X			0	0
(12) ROBERT ALTMAN...................................................................... TRUSTEE	1.00 .................	X			0	0
(13) ALFONSO DE ANGOITIA...................................................................... TRUSTEE	1.00 .................	X			0	0
(14) BRANDON BECK...................................................................... TRUSTEE	1.00 .................	X			0	0
(15) GARY B BETTMAN...................................................................... TRUSTEE	1.00 .................	X			0	0
(16) ADAM BIRD...................................................................... TRUSTEE	1.00 .................	X			0	0
(17) ARYEH B BOURKOFF...................................................................... TRUSTEE	1.00 .................	X			0	0

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)
(18) BRANDON BURGESS........................................................................ TRUSTEE THRU 9/28/20	1.00 .......................	X
(19) ADRIANA CISNEROS........................................................................ TRUSTEE	1.00 .......................	X
(20) CESAR CONDE........................................................................ TRUSTEE	1.00 .......................	X
(21) STEVE COOPER........................................................................ TRUSTEE	1.00 .......................	X
(22) EDDY CUE........................................................................ TRUSTEE	1.00 .......................	X
(23) ARZUHAN DOGAN YALCINDAG........................................................................ TRUSTEE THRU 4/1/20	1.00 .......................	X
(24) NANCY DUBUC........................................................................ TRUSTEE	1.00 .......................	X
(25) TAMI ERWIN........................................................................ TRUSTEE	1.00 .......................	X
(26) DAVID EUN........................................................................ TRUSTEE	1.00 .......................	X
(27) CRISTIANA FALCONE........................................................................ TRUSTEE	1.00 .......................	X
(28) MIKE FRIES........................................................................ TRUSTEE	1.00 .......................	X
(29) DEXTER GOEI........................................................................ TRUSTEE	1.00 .......................	X
(30) BRIAN GOLDNER........................................................................ TRUSTEE	1.00 .......................	X
(31) ROGER GOODELL........................................................................ TRUSTEE	1.00 .......................	X
(32) ROBERT GREENBLATT........................................................................ TRUSTEE THRU 9/21/20	1.00 .......................	X
(33) GERARD GUILLEMOT........................................................................ TRUSTEE	1.00 .......................	X
(34) JUDY HART ANGELO........................................................................ TRUSTEE	1.00 .......................	X
(35) ROBERT A IGER........................................................................ TRUSTEE	1.00 .......................	X
(36) JOHN H JOSEPHSON........................................................................ TRUSTEE	1.00 .......................	X
(37) JEFFREY KATZENBERG........................................................................ TRUSTEE	1.00 .......................	X
(38) DAVID KENNY........................................................................ TRUSTEE	1.00 .......................	X
(39) JASON KILAR........................................................................ TRUSTEE	1.00 .......................	X
(40) STEVE KING........................................................................ TRUSTEE	1.00 .......................	X
(41) HENRY A KISSINGER........................................................................ TRUSTEE	1.00 .......................	X
(42) MARK LAZARUS........................................................................ TRUSTEE	1.00 .......................	X
(43) DEBRA LEE........................................................................ TRUSTEE	1.00 .......................	X
(44) ROBERT MANFRED JR........................................................................ TRUSTEE	1.00 .......................	X
(45) ROBERTO MARINHO NETO........................................................................ TRUSTEE	1.00 .......................	X
(46) JOHN MARTIN........................................................................ TRUSTEE	1.00 .......................	X
(47) CRYSTAL MCCRARY........................................................................ TRUSTEE	1.00 .......................	X
(48) JONATHAN MILLER........................................................................ TRUSTEE	1.00 .......................	X
(49) JAMES MURDOCH........................................................................ TRUSTEE	1.00 .......................	X
(50) LACHLAN MURDOCH........................................................................ TRUSTEE	1.00 .......................	X
(51) KATHERINE OLIVER........................................................................ TRUSTEE	1.00 .......................	X
(52) WILLIAM C PALEY........................................................................ TRUSTEE	1.00 .......................	X
(53) TYLER PERRY........................................................................ TRUSTEE	1.00 .......................	X
(54) JAMES PITARO........................................................................ TRUSTEE	1.00 .......................	X
(55) RICHARD PLEPLER........................................................................ TRUSTEE THRU 11/5/20	1.00 .......................	X
(56) ARNAUD DE PUYFONTAINE........................................................................ TRUSTEE	1.00 .......................	X
(57) MARK READ........................................................................ TRUSTEE	1.00 .......................	X
(58) SHARI REDSTONE........................................................................ TRUSTEE	1.00 .......................	X
(59) ALEX RODRIGUEZ........................................................................ TRUSTEE	1.00 .......................	X
(60) MICHAEL I ROTH........................................................................ TRUSTEE	1.00 .......................	X
(61) VINCENT SADUSKY........................................................................ TRUSTEE THRU 12/18/20	1.00 .......................	X
(62) FAIZA J SAEED........................................................................ TRUSTEE	1.00 .......................	X
(63) GEOFFREY K SANDS........................................................................ TRUSTEE THRU 1/28/20	1.00 .......................	X
(64) JOSH SAPAN........................................................................ TRUSTEE	1.00 .......................	X
(65) ROBERT B SCHUMER........................................................................ TRUSTEE	1.00 .......................	X
(66) RYAN SEACREST........................................................................ TRUSTEE	1.00 .......................	X
(67) STANLEY S SHUMAN........................................................................ TRUSTEE	1.00 .......................	X
(68) EDWARD SKYLER........................................................................ TRUSTEE	1.00 .......................	X
(69) PHIL SPENCER........................................................................ TRUSTEE	1.00 .......................	X
(70) EVAN SPIEGEL........................................................................ TRUSTEE	1.00 .......................	X
(71) JEFF WEINER........................................................................ TRUSTEE	1.00 .......................	X
(72) ANDREW WILSON........................................................................ TRUSTEE	1.00 .......................	X
(73) DICK WOLF........................................................................ TRUSTEE	1.00 .......................	X
(74) DAVID ZASLAV........................................................................ TRUSTEE	1.00 .......................	X
(75) STRAUSS ZELNICK........................................................................ TRUSTEE	1.00 .......................	X

(A) Name and business address	(B) Description of services	(C) Compensation
BRAD LACHMAN PRODUCTIONS 15821 VENTURA BLVD ENCINO,CA91436	VIDEO PRODUCTION & EDITING SERVICES	958,655
PBM LLC 360 LEXINGTON AVE 2ND FL NEW YORK,NY10017	BUILDING MAINTENANCE & ENGINEERING	350,250
SECURITAS SECURITY SERVICES USA INC 9 CAMPUS DRIVE PARSIPPANY,NJ07054	SECURITY SERVICES	236,821


2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 3

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

THE PALEY CENTER FOR MEDIA

Employer identification number

13-2805582

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2020

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	12,192,275	11,714,159	11,749,382	12,288,414	14,128,245	62,072,475
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	12,192,275	11,714,159	11,749,382	12,288,414	14,128,245	62,072,475
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..						7,237,480
6	Public support. Subtract line 5 from line 4.						54,834,995

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
7	Amounts from line 4..	12,192,275	11,714,159	11,749,382	12,288,414	14,128,245	62,072,475
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	1,636,413	1,335,775	1,734,678	1,709,691	831,429	7,247,986
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..	874,449	165,276	9,775,997	210,579	1,146	11,027,447
11	Total support. Add lines 7 through 10						80,347,908

Gross receipts from related activities, etc. (see instructions) ..................

10,612,141

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2020 (line 6, column (f) divided by line 11, column (f)) .........

68.250 %

Public support percentage for 2019 Schedule A, Part II, line 14 ...............

67.140 %

16a

33 1/3% support test—2020. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2019. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2020. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2019. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2020

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2020 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2019 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2020 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2019 Schedule A, Part III, line 17 .............

19a

331/3% support tests—2020. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2019. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2020

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990 or 990-EZ) 2020

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described in 11a above?

11b

A 35% controlled entity of a person described in line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2020

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2020

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2020 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2020	(iii) Distributable Amount for 2020
1 Distributable amount for 2020 from Section C, line 6
2 Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2020:
a From 2015.......
b From 2016.......
c From 2017.......
d From 2018.......
e From 2019.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2020 distributable amount
i Carryover from 2015 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2020 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2020 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2020, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2020. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2021. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2016.....
b Excess from 2017.....
c Excess from 2018.....
d Excess from 2019.....
e Excess from 2020.....

Schedule A (Form 990 or 990-EZ) (2020)

Schedule A (Form 990 or 990-EZ) 2020

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	GROSS FUNDRAISING INCOME - 2016 AMOUNT: $ 175,542. 2017 AMOUNT: $ 163,545. 2018 AMOUNT: $ 174,460. 2019 AMOUNT: $ 205,632. 2020 AMOUNT: $ 0. OTHER INCOME - 2016 AMOUNT: $ 698,907. 2017 AMOUNT: $ 1,731. 2018 AMOUNT: $ 9,601,537. 2019 AMOUNT: $ 4,947. 2020 AMOUNT: $ 1,146.

Schedule A (Form 990 or 990-EZ) 2020

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Name of the organization

THE PALEY CENTER FOR MEDIA

Employer identification number

13-2805582

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2

Name of organization THE PALEY CENTER FOR MEDIA

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 3

Name of organization THE PALEY CENTER FOR MEDIA		Employer identification number 13-2805582

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 4


Name of organization THE PALEY CENTER FOR MEDIA			Employer identification number 13-2805582
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization

THE PALEY CENTER FOR MEDIA

Employer identification number

13-2805582

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2020

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....	71,473,452	59,891,179	69,527,693	62,863,470	66,140,197
b	Contributions ...	2,876,024	3,481,872	1,746,907	3,381,705	2,423,523
c	Net investment earnings, gains, and losses	9,955,982	12,957,969	-2,100,857	8,552,280	-1,099,575
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...	4,741,616	4,857,568	9,282,564	5,269,762	4,600,675
f	Administrative expenses ....
g	End of year balance ......	79,563,842	71,473,452	71,473,452	69,527,693	62,863,470

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

88.000 %

Term endowment SchDMd Bullet

12.000 %

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .......................

3a(i)

(ii) Related organizations .......................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....	12,132,590		12,132,590
b	Buildings ....	31,676,421	23,331,093	8,345,328
c	Leasehold improvements
d	Equipment ....	15,891,049	12,637,775	3,253,274
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				23,731,192

Schedule D (Form 990) 2020

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	74,339
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2020

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	31,337,770
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	13,553,821
b	Donated services and use of facilities .........	2b	1,119,029
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................			2e	14,672,850
3	Subtract line 2e from line 1..................			3	16,664,920
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a	71,907
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................			4c	71,907
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	16,736,827

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	16,907,256
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a	1,119,029
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................			2e	1,119,029
3	Subtract line 2e from line 1...................			3	15,788,227
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a	71,907
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................			4c	71,907
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	15,860,134

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART III, LINE 1A:	THE PALEY CENTER'S COLLECTION CONSISTS OF PROGRAMS, COMMERCIALS, BOOKS, SCRIPTS, ARTIFACTS AND OTHER MATERIALS RELATING TO TELEVISION AND RADIO AND OTHER MEDIA. THE TELEVISION AND RADIO PROGRAMS AND COMMERCIALS IN THE PALEY CENTER'S COLLECTION HAVE NOT BEEN ASSIGNED A VALUE IN THE FINANCIAL STATEMENTS BECAUSE THERE IS NO CLEARLY MEASURABLE BASIS FOR AN AMOUNT TO BE RECORDED. THE AMOUNTS SHOWN IN THE FINANCIAL STATEMENTS FOR THE COLLECTION INCLUDE THE PAYMENTS MADE FOR ACQUIRING AND TRANSFERRING TELEVISION AND RADIO PROGRAMS AND COMMERCIALS TO THE PALEY CENTER'S TAPE FORMAT AND RELATED MATERIALS INCLUDING VIDEOTAPE, AUDIOTAPE AND BOOKS OR, IF DONATED, THE ESTIMATED RETAIL VALUE OF THE MATERIAL OR SERVICES AT THE TIME OF DONATION, NET OF ACCUMULATED DEPRECIATION.
PART III, LINE 4:	THE PALEY CENTER'S PERMANENT MEDIA COLLECTION INCLUDES OVER 150,000 TELEVISION AND RADIO PROGRAMS AND ADVERTISEMENTS FROM 70 COUNTRIES. CURRENTLY, THE PUBLIC MAY VIEW OVER 48,708 HOURS OF DIGITIZED PROGRAMS IN OUR ON-SITE LIBRARY, WHICH FEATURES PERSONAL COMPUTERS FROM WHICH THE DATABASE MAY BE ACCESSED VIA A USER-FRIENDLY DATABASE MANAGEMENT SYSTEM. THE PALEY CENTER RECEIVES DONATIONS TO THE ARCHIVE TO PRESERVE AND PROMOTE WIDER PUBLIC ACCESS TO CULTURALLY AND HISTORICALLY SIGNIFICANT MATERIAL. DONATIONS COME FROM VARIOUS SOURCES-TELEVISION NETWORKS, CABLE TV, INDEPENDENT PRODUCTION COMPANIES, LOCAL RADIO AND TELEVISION STATIONS, VARIOUS ACADEMIES OR ORGANIZATIONS WITH SPECIAL COLLECTIONS, INDIVIDUALS WITH PRIVATE COLLECTIONS, AND INTERNATIONAL MEDIA ORGANIZATIONS. WE ASSESS PROPOSED CONTRIBUTIONS FOR THEIR HISTORICAL, SOCIAL, AND CULTURAL SIGNIFICANCE. ALL ORIGINAL MATERIAL IS STORED OFFSITE IN A STATE-OF-THE ART ARCHIVAL FACILITY. DIGITIZED MASTERS ARE ALSO STORED AT THIS SECURE FACILITY. DIGITIZED COPIES ARE ALSO PRODUCED FOR ONSITE ACCESS. ALL MATERIAL IS CATALOGED AS PART OF THE GENERAL COLLECTION AND SOME ARE ADDED TO SPECIAL COLLECTIONS. IN 2020 THE PALEY CENTER ADDED 2,414 PROGRAMS TO ITS COLLECTION, ENCOMPASSING TELEVISION, RADIO, ADVERTISEMENTS, PALEY CENTER ORIGINAL CONTENT, AND NOW NEW MEDIA AS WELL.
PART V, LINE 4:	THE PERMANENT ENDOWMENT FUNDS ARE FOR THE FINANCIAL SUPPORT AND THE PROMOTION OF THE ACTIVITIES OF THE PALEY CENTER FOR MEDIA. THIS INCLUDES THE EXPANSION OF THE COLLECTIONS HELD.
PART X, LINE 2:	THE INTERNAL REVENUE SERVICE (IRS) HAS RULED THAT THE PALEY CENTER QUALIFIES AS A SECTION 501(C)(3) ORGANIZATION, EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE IRC. THE IRS HAS ALSO DETERMINED THAT THE PALEY CENTER IS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) OF THE INTERNAL REVENUE CODE (IRC). MANAGEMENT IS NOT AWARE OF ANY COURSE OF ACTION OR SERIES OF EVENTS THAT HAVE OCCURRED THAT MIGHT ADVERSELY AFFECT THE PALEY CENTER'S QUALIFIED STATUS. THE PALEY CENTER IS SUBJECT TO UNRELATED BUSINESS TAXES UNDER SECTION 511 OF THE IRC ON INCOME THAT IS UNRELATED TO ITS PRIMARY EXEMPT PURPOSES. FOR THE YEAR ENDED DECEMBER 31, 2020, THE PALEY CENTER HAS NO MATERIAL TAX LIABILITY FOR UNRELATED BUSINESS INCOME. THE PALEY CENTER HAS A NET OPERATING LOSS CARRY FORWARD OF $364,125 AS OF YEAR-END DECEMBER 31, 2019, RESULTING FROM LOSSES FROM UNRELATED BUSINESS TAXES; HOWEVER, DUE TO A HISTORY OF LOSSES, A FULL VALUATION ALLOWANCE HAS BEEN SET UP AGAINST THIS DEFERRED ASSET. AS OF DECEMBER 31, 2020, TAX YEARS 2017 THROUGH 2020 ARE SUBJECT TO EXAMINATION BY THE FEDERAL TAX AUTHORITIES.

Schedule D (Form 990) 2020

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Graphic Arrow

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Graphic Arrow

Attach to Form 990.
Graphic Arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization

THE PALEY CENTER FOR MEDIA

Employer identification number

13-2805582

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Yes

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2020

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1MAUREEN J REIDY PRESIDENT & CEO	(i) (ii)	664,600 ------------- 0	125,000 ------------- 0	552 ------------- 0	11,400 ------------- 0	11,012 ------------- 0	812,564 ------------- 0	0 ------------- 0
2DIANE LEWIS EXECUTIVE VICE PRESIDENT	(i) (ii)	340,000 ------------- 0	30,000 ------------- 0	1,032 ------------- 0	22,800 ------------- 0	30,517 ------------- 0	424,349 ------------- 0	0 ------------- 0
3DAVID SCHOER TREASURER, EXECUTIVE VICE PRES	(i) (ii)	275,000 ------------- 0	30,000 ------------- 0	216 ------------- 0	11,400 ------------- 0	909 ------------- 0	317,525 ------------- 0	0 ------------- 0
4SHAYNE DOTY SVP, DEVELOPMENT	(i) (ii)	265,000 ------------- 0	0 ------------- 0	1,032 ------------- 0	5,300 ------------- 0	11,426 ------------- 0	282,758 ------------- 0	0 ------------- 0
5ANDY MEYER SVP, PROGRAMMING	(i) (ii)	225,000 ------------- 0	0 ------------- 0	360 ------------- 0	0 ------------- 0	30,931 ------------- 0	256,291 ------------- 0	0 ------------- 0
6DAVID WEINBERG VP, BUSINESS & LEGAL AFFAIRS	(i) (ii)	208,000 ------------- 0	0 ------------- 0	552 ------------- 0	8,320 ------------- 0	30,873 ------------- 0	247,745 ------------- 0	0 ------------- 0
7JOANNA SCHOLL SVP,MARKETING & COMMUNICATIONS	(i) (ii)	200,000 ------------- 0	0 ------------- 0	360 ------------- 0	8,000 ------------- 0	10,107 ------------- 0	218,467 ------------- 0	0 ------------- 0
8DOUG GIBBONS SENIOR DIRECTOR, LIBRARY	(i) (ii)	148,000 ------------- 0	0 ------------- 0	4,944 ------------- 0	17,760 ------------- 0	21,596 ------------- 0	192,300 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2020

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
PART I, LINE 7	CERTAIN EMPLOYEES WERE AWARDED A BONUS PAYMENT AT THE DISCRETION OF THE BOARD, BASED ON VARIOUS PRODUCTIVITY MEASURES. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II).

Schedule J (Form 990) 2020

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

THE PALEY CENTER FOR MEDIA

Employer identification number

13-2805582

Return Reference	Explanation
FORM 990, PART I, LINE 1:	ORGANIZATION'S MISSION: THE PALEY CENTER FOR MEDIA IS THE PREMIER INSTITUTION DEDICATED TO ADVANCING THE UNDERSTANDING OF MEDIA-ITS ARTISTIC VALUE, SOCIAL IMPACT AND HISTORICAL IMPORTANCE FOR THE PUBLIC AND MEDIA PROFESSIONALS.
FORM 990, PART III, LINE 1:	DESCRIPTION OF ORGANIZATION'S MISSION: THE PALEY CENTER FOR MEDIA IS THE PREMIER INSTITUTION DEDICATED TO ADVANCING THE UNDERSTANDING OF MEDIA-IT'S ARTISTIC VALUE, SOCIAL IMPACT AND HISTORICAL IMPORTANCE-FOR THE PUBLIC AND MEDIA PROFESSIONALS. WITH LOCATIONS IN NEW YORK CITY AND LOS ANGELES, THE PALEY CENTER FOR MEDIA LEADS THE DISCUSSION ABOUT THE CULTURAL, CREATIVE, AND SOCIAL SIGNIFICANCE OF TELEVISION, RADIO, AND EMERGING PLATFORMS. DRAWING UPON OUR CURATORIAL EXPERTISE, AN INTERNATIONAL COLLECTION, AND CLOSE RELATIONSHIPS WITH THE LEADERS OF THE MEDIA COMMUNITY, THE PALEY CENTER EXAMINES THE INTERSECTIONS BETWEEN MEDIA AND SOCIETY. THE PUBLIC MAY ACCESS OUR PERMANENT MEDIA COLLECTION AND PARTICIPATE IN PROGRAMS THAT EXPLORE AND CELEBRATE THE CREATIVITY, INNOVATIONS, PERSONALITIES, AND LEADERS WHO ARE SHAPING MEDIA. PREVIOUSLY KNOWN AS THE MUSEUM OF TELEVISION AND RADIO, THE INSTITUTION WAS FOUNDED IN 1975 BY WILLIAM S. PALEY, A PIONEERING FIGURE IN THE HISTORY OF MEDIA. OUR PERMANENT COLLECTION OF OVER 150,000 TELEVISION AND RADIO PROGRAMS AND ADVERTISEMENTS-THE NATION'S LARGEST-IS A VITAL RESOURCE FOR THE PUBLIC AND FOR STUDENTS, SCHOLARS, AND RESEARCHERS, A UNIQUE AUDIO-VISUAL RECORD OF AMERICA'S HISTORICAL AND CULTURAL HERITAGE. ADMISSION IS FREE, AND VISITORS MAY ACCESS THE ARCHIVE AT AN ON-SITE LIBRARY.
FORM 990, PART III, LINE 4A:	PUBLIC PROGRAMS: THE PALEY CENTER'S HIGHLY REGARDED PUBLIC PROGRAMS, PANEL DISCUSSIONS, EXHIBITS AND SCREENINGS EXPLORE THE EVOLVING ROLE OF MEDIA ACROSS ALL GENRES AND PLATFORMS IN SHAPING CULTURAL AND CIVIC AFFAIRS AND CONTEMPORARY PUBLIC DISCOURSE. PROGRAMS DRAW FROM OUR INCOMPARABLE ARCHIVE TO CONTEXTUALIZE ISSUES AND THE CURRENT ZEITGEIST. PROGRAM SERIES INCLUDE PALEYLIVE AND PALEYFRONTROW SCREENINGS AND CONVERSATIONS WITH NOTED WRITERS, PRODUCERS, ACTORS, AND PRODUCERS; PALEYIMPACT DISCUSSIONS EXAMINING HOW MEDIA AND TECHNOLOGY CHANGE PERSPECTIVES AND UNDERSTANDING OF CRITICAL ISSUES; EXHIBITS AND EXPERIENCES, IMMERSIVE EVENTS, AND SCREENINGS, WHICH ARE FREE TO THE PUBLIC; AND PALEYFEST ANNUAL TELEVISION FESTIVALS FEATURING SCREENINGS AND CONVERSATIONS WITH THE CASTS AND CREATORS OF HIGHLY ACCLAIMED SERIES. THE PALEY CENTER CONVENES NOTED THOUGHT LEADERS, CONTENT CREATORS, WRITERS, PERFORMERS, PRODUCERS, AND MEDIA INNOVATORS TO PARTICIPATE IN PUBLIC PROGRAMS. DUE TO THE COVID-19 GLOBAL PANDEMIC, MUCH OF THE PALEY CENTER'S PROGRAMMING WAS SUCCESSFULLY DONE VIRTUALLY, RELEASING PALEY@HOME IN APRIL 2020. DURING 2020, THE PALEY CENTER RELEASED WEEKLY SCREENINGS, PRODUCED OVER 60 PUBLIC EVENTS AND EXHIBITS ATTRACTING TENS OF MILLIONS OF VIEWERS ON THE PALEY CENTER'S WEBSITE, YOUTUBE CHANNEL, AND OTHER VIRTUAL MEANS. PROGRAMMING IN 2020 ALSO INCLUDED THE PRODUCTION AND AIRING OF THE PALEY CENTER SALUTES 'LAW & ORDER: SVU', 'PARKS & RECREATION', AND 'LAW & ORDER: BEFORE THEY WERE STARS' TELEVISION SPECIALS, EACH OF WHICH INCLUDED NEWLY RECORDED INTERVIEWS WITH ITS TALENT AND PRODUCERS, HIGHLIGHTING THEIR SIGNIFICANCE AND SHARING FAVORITE MOMENTS OF THESE ICONIC SERIES.
FORM 990, PART III, LINE 4B:	INDUSTRY PROGRAMS: THE PALEY CENTER OFFERS PROGRAMMING FOR MEDIA PROFESSIONALS, PROVIDING A NEUTRAL SETTING WHERE THEY MAY ENGAGE IN DISCUSSION AND DEBATE ABOUT THE EVOLVING MEDIA LANDSCAPE. OUR MEDIA COUNCIL IS AN INVITATION-ONLY COMMUNITY FOR MEDIA EXECUTIVES AND PROVIDES AN INDEPENDENT FORUM FOR INDUSTRY LEADERS TO EXPLORE THE EVOLVING WAYS IN WHICH WE CREATE, CONSUME, AND CONNECT THROUGH MEDIA AND TECHNOLOGY. FEATURING CANDID CONVERSATIONS WITH THE BEST MINDS OF THE INDUSTRY, THE MEDIA COUNCIL OFFERS EVENTS COVERING THE FULL SPECTRUM OF MEDIA BUSINESSES, INCLUDING PALEYDIALOGUES, ROUNDTABLE BREAKFASTS, PANEL DISCUSSIONS, AND INTERACTIVE CONVERSATIONS COVERING THE INDUSTRY'S MOST PRESSING ISSUES, AND PALEY NEXT BIG THING, WHICH PAIRS SEASONED EXECUTIVES WITH EMERGING ENTREPRENEURS. DURING 2020, THE PALEY CENTER HELD 10 MEDIA COUNCIL EVENTS, MOSTLY OF THE VIRTUALLY, SERVING THOUSANDS OF ATTENDEES. THE PALEY CENTER'S INTERNATIONAL COUNCIL SUMMIT, AN ACCLAIMED ANNUAL EVENT, BRINGS TOGETHER CEOS AND THOUGHT LEADERS TO ADVANCE THE EXCHANGE OF IDEAS ON CRITICAL ISSUES AND THEIR IMPACT ON SOCIETY. INFORMAL AND ORGANIZED DISCUSSIONS COVER A WIDE RANGE OF CRITICAL ISSUES THAT DEFINE THE MEDIA INDUSTRY AND ITS ROLE IN SOCIETY. IN 2020, THE INTERNATIONAL COUNCIL CONVENED VIRTUALLY WITH OVER 350 PARTICIPANTS.
FORM 990, PART III, LINE 4C:	COLLECTION: THE PALEY CENTER'S PERMANENT MEDIA COLLECTION INCLUDES OVER 150,000 TELEVISION AND RADIO PROGRAMS AND ADVERTISEMENTS FROM 70 COUNTRIES. CURRENTLY, THE PUBLIC MAY VIEW OVER 48,708 HOURS OF DIGITIZED PROGRAMS IN OUR ON-SITE LIBRARY, WHICH FEATURES PERSONAL COMPUTERS FROM WHICH THE DATABASE MAY BE ACCESSED VIA A USER-FRIENDLY DATABASE MANAGEMENT SYSTEM. THE PALEY CENTER RECEIVES DONATIONS TO THE ARCHIVE TO PRESERVE AND PROMOTE WIDER PUBLIC ACCESS TO CULTURALLY AND HISTORICALLY SIGNIFICANT MATERIAL. DONATIONS COME FROM VARIOUS SOURCES-TELEVISION NETWORKS, CABLE TV, INDEPENDENT PRODUCTION COMPANIES, LOCAL RADIO AND TELEVISION STATIONS, VARIOUS ACADEMIES OR ORGANIZATIONS WITH SPECIAL COLLECTIONS, INDIVIDUALS WITH PRIVATE COLLECTIONS, AND INTERNATIONAL MEDIA ORGANIZATIONS. WE ASSESS PROPOSED CONTRIBUTIONS FOR THEIR HISTORICAL, SOCIAL, AND CULTURAL SIGNIFICANCE. ALL ORIGINAL MATERIAL IS STORED OFFSITE IN A STATE-OF-THE ART ARCHIVAL FACILITY. DIGITIZED MASTERS ARE ALSO STORED AT THIS SECURE FACILITY. DIGITIZED COPIES ARE ALSO PRODUCED FOR ONSITE ACCESS. ALL MATERIAL IS CATALOGED AS PART OF THE GENERAL COLLECTION AND SOME ARE ADDED TO SPECIAL COLLECTIONS. IN 2020 THE PALEY CENTER ADDED 2,414 PROGRAMS TO ITS COLLECTION, ENCOMPASSING TELEVISION, RADIO, ADVERTISEMENTS, PALEY CENTER ORIGINAL CONTENT, AND NOW NEW MEDIA AS WELL.
FORM 990, PART VI, SECTION A, LINE 2	TRUSTEE JAMES MURDOCH AND TRUSTEE LACHLAN MURDOCH HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION B, LINE 11B	THE PALEY CENTER FOR MEDIA FORM 990 HAS BEEN REVIEWED IN DETAIL BY THE ORGANIZATION'S CONTROLLER AND CFO PRIOR TO ITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. A COPY OF THE FORM 990 HAS BEEN PROVIDED TO EACH OF THE ORGANIZATION'S BOARD OF TRUSTEE MEMBERS IN ELECTRONIC FORMAT PRIOR TO ITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12C	THE PALEY CENTER FOR MEDIA REQUIRES ALL BOARD OF TRUSTEE MEMBERS, KEY EMPLOYEES AND OFFICERS TO COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE THAT IS DESIGNED TO UNCOVER POTENTIAL CONFLICTS WITH PALEY ITSELF AND BETWEEN BOARD OF TRUSTEE MEMBERS, KEY EMPLOYEES AND OFFICERS. THE QUESTIONNAIRES ARE COMPILED, MONITORED AND REVIEWED INTERNALLY AND ANY POTENTIAL CONFLICTS ARE ADDRESSED AND RESOLVED IMMEDIATELY.
FORM 990, PART VI, SECTION B, LINE 15	THE PALEY CENTER FOR MEDIA UNDERTAKES A THOROUGH AND COMPREHENSIVE PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL (PRESIDENT/CEO) IS REASONABLE. PALEY HAS AN EXECUTIVE AND COMPENSATION COMMITTEE IN PLACE TO DETERMINE THE PRESIDENT/CEO'S COMPENSATION, THE COMMITTEE IS PREDOMINANTLY COMPRISED OF INDEPENDENT PERSONS THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION ARRANGEMENT. THE PRESIDENT/CEO IS A MEMBER OF THE EXECUTIVE COMMITTEE BUT SHE RECUSES HERSELF FROM ANY DISCUSSION AND/OR DECISIONS MADE REGARDING HER OWN COMPENSATION. THE COMMITTEE MAY UTILIZE IMPARTIAL SURVEYS OR OTHER DATA TO DETERMINE THE REASONABLENESS OF THE PRESIDENT/CEO'S COMPENSATION ONCE THE DETERMINATION HAS BEEN MADE, THE BOARD'S DECISION IS MEMORIALIZED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15B: THE SAME PROCEDURE LISTED ABOVE IS USED FOR OTHER OFFICERS OF THE ORGANIZATION.
FORM 990, PART VI, SECTION C, LINE 19	THE PALEY CENTER FOR MEDIA MAKES ITS FORM 990 AND FORM 1023 AVAILABLE TO THE PUBLIC BY RETAINING A COPY OF EACH AT THE ADDRESS LISTED ON PAGE 1 OF THIS RETURN. ANY INDIVIDUAL REQUESTING A COPY OF THESE DOCUMENTS IS PROVIDED THAT COPY ON THE SAME BUSINESS DAY. THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT MANAGEMENT'S DISCRETION.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: SEE SCHEDULE O.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	62
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	61
5	Total number of individuals employed in calendar year 2020 (Part V, line 2a) ......	5	151
6	Total number of volunteers (estimate if necessary) .............	6	15
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	109,950
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	12,288,414	14,128,245
9	Program service revenue (Part VIII, line 2g) .........	2,641,071	1,069,300
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	497,338	793,831
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	1,095,677	745,451
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	16,522,500	16,736,827
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	10,787,300	9,928,665
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	14,000	4,000
b	Total fundraising expenses (Part IX, column (D), line 25) 2,056,835
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	10,170,674	5,927,469
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	20,971,974	15,860,134
19	Revenue less expenses. Subtract line 18 from line 12.......	-4,449,474	876,693
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	135,793,374	149,800,581
21	Total liabilities (Part X, line 26).............	2,614,042	2,190,736
22	Net assets or fund balances. Subtract line 21 from line 20.....	133,179,332	147,609,845

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 6,542,605 including grants of $ ) (Revenue $ 895,486 )
	SEE SCHEDULE O.

4b	(Code: ) (Expenses $ 1,319,915 including grants of $ ) (Revenue $ 51,499 )
	SEE SCHEDULE O.

4c	(Code: ) (Expenses $ 1,487,876 including grants of $ ) (Revenue $ )
	SEE SCHEDULE O.

	(Code: ) (Expenses $ 1,105,870 including grants of $ ) (Revenue $ 35,550 )
	OTHER PROGRAM SERVICES:THE PALEY CENTER'S EDUCATION PROGRAMS FOR K-12 STUDENTS AND TEACHERS UTILIZE OUR ARCHIVE TO BUILD PARTICIPANTS' ANALYTICAL THINKING, VIEWING, AND LISTENING SKILLS AND TO DEEPEN STUDENTS' UNDERSTANDING OF MEDIA AS A POWERFUL TOOL TO INFLUENCE AND INFORM. STUDENTS EXAMINE MEDIA'S SHAPING INFLUENCE ON HISTORIC AND CONTEMPORARY EVENTS AND ITS UNIQUE POWER TO EDUCATE AND ENGAGE AUDIENCES. ALL CLASSES ARE ALIGNED WITH AND SUPPORT COMMON CORE STATE STANDARDS FOR ENGLISH LANGUAGE ARTS (ELA) AND LITERACY AND NEW YORK STATE LEARNING STANDARDS FOR SOCIAL STUDIES AND VISUAL ARTS. CLASSES ARE DESIGNED TO PREPARE STUDENTS FOR A 21ST CENTURY DIGITAL LEARNING ENVIRONMENT.EACH YEAR, OUR EDUCATORS LEAD OVER 320 STANDARDS-BASED CLASSES AND WORKSHOPS SERVING MORE THAN 10,000 K-12 SCHOOL CHILDREN AND EDUCATORS. CLASSES ARE ADJUSTED ACCORDING TO GRADE LEVEL, COVER A BROAD RANGE OF SUBJECTS, AND INCORPORATE GUIDED DISCUSSION TO ENCOURAGE ACTIVE OBSERVATION AND CRITICAL THINKING. OVER 80% OF STUDENTS SERVED COME FROM NEW YORK CITY'S UNDER-RESOURCED PUBLIC SCHOOLS. WHEN SCHOOLS SHUT DOWN IN MARCH 2020 DUE TO THE COVID-19 GLOBAL PANDEMIC, THE PALEY CENTER CONCEIVED PALEY EDUCATION@HOME, A NEW SUITE OF FREE, ONLINE EDUCATIONAL RESOURCES TO REACH STUDENTS, PARENTS, AND TEACHERS NATIONWIDE.DURING CLASSES, STUDENTS VIEW A CURATED SELECTION OF CLIPS FROM THE PALEY CENTER ARCHIVE TO EXAMINE THE MEDIA'S COVERAGE OF AND IMPACT ON A PARTICULAR ERA OR THEME, SUCH AS THE CIVIL RIGHTS MOVEMENT, THE COLD WAR, THE VIETNAM WAR, AND PORTRAYALS OF WOMEN ON TELEVISION. EDUCATORS THEN GUIDE AN INQUIRY-BASED DISCUSSION WHERE STUDENTS ARE ASKED TO CRITICALLY EVALUATE THE CONTENT THEY HAVE VIEWED AND TO PROVIDE EVIDENCE-BASED RESPONSES. EDUCATORS SPEAK ABOUT TECHNIQUES USED TO CONSTRUCT A NARRATIVE, VISUAL AND AUDITORY CLUES, AND COMPARE AND CONTRACT TECHNIQUES ACROSS DIFFERENT PROGRAMS, EXAMINING THEM FOR PURPOSE AND EFFECT. TO REINFORCE LEARNING AND INTEGRATE IT WITH THE IN-SCHOOL CURRICULUM, CLASSROOM TEACHERS RECEIVE PRE- AND POST-VISIT MATERIALS THAT COVER KEY VOCABULARY, DISCUSSION QUESTIONS, AND INCLUDE SUGGESTED CLASSROOM ACTIVITIES TO EXTEND THE LEARNING EXPERIENCE. EDUCATION ALSO INCLUDES DIGITAL AND DVD SALES OF SEMINARS AND PROGRAMS MADE AVAILABLE TO THE GENERAL PUBLIC.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 1,105,870 including grants of $ ) (Revenue $ 35,550 )
4e	Total program service expenses10,456,266

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	2,519,648	0	232,351

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e	1,622,150

f	All other contributions, gifts, grants, and similar amounts not included above		1f	12,506,095

g	Noncash contributions included in lines 1a - 1f:$		1g	5,534

h Total. Add lines 1a-1f.......		14,128,245

		Business Code
2a	PUBLIC PROGRAMS	711300	895,486	895,486
b	DIGITAL & DVD PROGRAMS	711300	105,335	17,425	87,910
c	INDUSTRY PROGRAMS	711300	51,499	51,499
d	EDUCATION PROGRAMS	711300	16,980	16,980
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		1,069,300

3 Investment income (including dividends, interest, and othersimilar amounts) ......			109,163			109,163
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents		758,965	6a
b	Less: rental expenses		14,659	6b
c	Rental income or (loss)		744,306	6c
d	Net rental income or (loss).......			744,306		22,040	722,266
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		6,280,104	7a
b	Less: cost or other basis and sales expenses		5,595,436	7b
c	Gain or (loss)		684,668	7c
d	Net gain or (loss).........			684,668			684,668
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	REFUNDS/MISC. CREDITS		900099	1,145	1,145
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			1,145
12	Total revenue. See instructions.....			16,736,827	982,535	109,950	1,516,097

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	1,562,368	687,002	658,725	216,641
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	6,930,002	4,616,842	1,245,935	1,067,225
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	190,642	140,525	34,442	15,675
9	Other employee benefits .......	679,227	477,229	120,594	81,404
10	Payroll taxes ...........	566,426	362,055	113,638	90,733
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	62,525		62,525
c	Accounting ...........	110,250		110,250
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17	4,000			4,000
f	Investment management fees ......	71,907		71,907
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	175,522	175,522
12	Advertising and promotion ....
13	Office expenses .......	106,866	34,386	64,293	8,187
14	Information technology ......	496,048	313,853	108,332	73,863
15	Royalties ..
16	Occupancy ...........	1,805,452	1,256,014	326,693	222,745
17	Travel ............	39,446	24,851	8,678	5,917
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	1,303,119	864,929	260,545	177,645
23	Insurance ...	164,917	107,182	34,329	23,406
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	PROGRAMMING EVENTS	1,387,133	1,358,208	0	28,925
b	DOUBTFUL ACCTS EXPENSE	144,493	0	112,993	31,500
c	DUES & SUBSCRIPTIONS	54,191	34,140	11,922	8,129
d	MISC. EXPENSES	5,600	3,528	1,232	840
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	15,860,134	10,456,266	3,347,033	2,056,835
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			1,192	1	738
2	Savings and temporary cash investments .........			13,296,028	2	18,966,055
3	Pledges and grants receivable, net ......			7,930,520	3	5,456,275
4	Accounts receivable, net .............				4
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			478,745	9	244,741
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	59,700,060
b	Less: accumulated depreciation	10b	35,968,868	24,587,682	10c	23,731,192
11	Investments—publicly traded securities .			89,441,503	11	101,352,651
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			57,704	15	48,929
16	Total assets. Add lines 1 through 15 (must equal line 33)...			135,793,374	16	149,800,581

17	Accounts payable and accrued expenses .....	2,317,040	17	1,882,649
18	Grants payable ...		18
19	Deferred revenue .........	223,263	19	233,748
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	73,739	25	74,339
26	Total liabilities. Add lines 17 through 25..	2,614,042	26	2,190,736

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	61,705,880	27	68,046,003
28	Net assets with donor restrictions ...........	71,473,452	28	79,563,842
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	133,179,332	32	147,609,845
33	Total liabilities and net assets/fund balances ........	135,793,374	33	149,800,581