NPR’s Unexpected Bounty

What will National Public Radio do with the $200 million gift it got from the estate of the late Joan Kroc? “Kevin Klose, the president and chief executive of NPR, said that the broadcasting company had yet to decide how the money would be spent. For now, he said, ‘most of it will not be spent; it is to be saved.’ He added that the NPR board would discuss how to spend the interest earned by the money. At an annual rate of 5 percent, it would generate about $10 million a year.”