The Corporation for Public Broadcasting is a non-profit corporation created by Congress in 1967. A Board of Directors governs CPB, sets policy, and establishes programming priorities. The President of the United States appoints each member, who, after confirmation by the Senate, serves a six year term. The Board, in turn, appoints the president and chief executive officer, who then names the other corporate officers.

While 25 percent of the CPB’s $400 million budget goes to public radio, nearly all of this funding flows directly to independent local public radio stations that purchase and broadcast programming from NPR and other national producers. These stations also produce valuable, relevant local programming and acquire programs from other producers.

On average, listener support in public radio comprises the largest portion of stations’ budgets (34%). Another 25% comes from underwriting and foundations, 13% from CPB, 6% from local and state governments, 15% from institutional support (mostly universities) and 7% from other sources. CPB funding is important to all stations, with rural, minority and small stations relying on this funding source more heavily.
CPB Main web page

National Public Radio is a producer and distributor of noncommercial news, talk, and entertainment programming. A privately supported, not-for-profit membership organization, NPR serves a growing audience of 23 million Americans each week in partnership with more than 780 independently operated, noncommercial public radio stations. Each NPR Member Station serves local listeners with a distinctive combination of national and local programming. Only one percent of NPR’s funds come directly from the CPB in the form of competitive grants. Of the 17 members of the NPR Board of Directors, 10 are public radio station managers, 5 are public members (all elected by the member radio stations), 1 is the chair of the NPR Foundation and 1 is the President of NPR.
About NPR

KGOU Radio is a non-commercial radio station owned and operated by the University of Oklahoma, designed to serve Oklahoma citizens in central Oklahoma. Over 60,000 listeners tune in each week to hear the range of programming from National Public Radio and other program producers, as well as an array of locally produced programs. KGOU is a voting member of National Public Radio and receives a yearly grant from the Corporation for Public Broadcasting. Information about the station’s finances can be found in the 2007 Financial Audit.
KGOU 2007 Financial Audit (.pdf)