The SAG-AFTRA Foundation, supported by famous actors, raised its fundraising target to $12 million to help performers hard hit by the coronavirus pandemic.
Hundreds of thousands of entertainment industry workers have lost their jobs due to the shutdown of film and TV production, which has only slowly begun to resume in some parts of the country. SAG-AFTRA, headquartered in Los Angeles, said the cuts are necessary to help the union shore up its finances and prepare for hardships that will last until next year.
“After many years of disciplined financial management, we were able to build up the reserves which allows our organization to be well positioned to endure a period such as this,” White and President Gabrielle Carteris told members in a memo. “However, as we are all painfully aware, the production shutdown over the last seven months has shattered earnings across nearly all sectors of our membership.
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