Draper Holdings Business Trust Explained

Draper Holdings Business Trust
Type:	Private
Predecessors:	-->
Successors:	-->
Founder:	Thomas H. Draper
Hq Location City:	Milton, Delaware
Areas Served:	-->
Key People:	Molly Draper Russell, CEO
Profit:	-->
Profit Year:	-->
Owners:	-->

The Draper Holdings Business Trust is a business trust company, located in Milton, Delaware.^[1] It is led by Molly Draper Russell, who inherited the company from her father, Thomas Draper, upon his death in 2018.^[2]

The philanthropic division of the trust, Draper Holdings Charitable Foundation, Inc., includes WBOC's "Bless Our Children" program which raised and distributed $343,536 in funds in 2022 "to help the children in need on Delmarva". An additional $213,500 was granted to "provide funding to tax-exempt charitable, religious, educations or scientific institutions".^[3]

In 2007, Draper Holdings Business Trust donated a professional broadcast news set to the University of Maryland Eastern Shore to aid in the production of student programming. The set was previously used by WBOC-TV.^[4]

Companies owned by the trust

• Loblolly, LLC – Real Estate Holding Company ^{[5] [6]}
• Draper Media^[7]
• Delmarva Sports Network - local sports network
• Television Stations
  • WBOC-TV – CBS/Fox affiliate
  • WRDE-LD – NBC affiliate
  • WBOC-LD – Telemundo affiliate
  • WRUE-LD - satellite of WRDE-LD
  • WSJZ-LD – satellite of WBOC-LD
• Radio Stations
  • WBOC-FM – Top 40 radio station^[8]
  • WAAI – Classic country radio station^[9]
  • WCEM – CBS Sports Radio affiliate
  • WCEM-FM – Mainstream Country radio station
  • WGBG-FM – Classic rock radio station
  • WTDK – Oldies radio station
  • WZBH – Active Rock radio station
  • WRDE-FM – satellite of WCEM-FM
    • WRDE-HD2 - satellite of WTDK
    • W282AW/W286BB - translators of WRDE-HD2

External links

• Draper Holdings Business Trust
• Draper Holdings Charitable Foundation

Notes and References

1. Web site: HWSC Assists Draper Holdings Business Trust in Generational Transition & Governance Structuring. www.hwsc.com. 2018-03-11.
2. News: Molly Draper Russell Named CEO of Draper Holdings Business Trust. 2018-04-29. en.
3. Web site: Non-profit Explorer: Draper Holdings Charitable Foundation, Inc.. projects.propublica.org. 9 May 2013 . en. 2023-06-06.
4. Web site: WBOC TV and Fox21 Donate Broadcast News Set to UMES University of Maryland Eastern Shore. www.umes.edu. 2018-03-11.
5. http://www.wboc.com/Global/story.asp?S=10730052&nav=MXEF WBOC-TV Celebrates 55th Anniversary.
6. http://www.historicmilton.com/commerce.html Milton Chamber of Commerce Members
7. News: Draper Holdings, Parent Company of WBOC/FOX21 Announces Promotions. 2017-11-01. en.
8. News: WBOC to Buy WOLC-FM. 2018-03-11. en.
9. News: Draper Media to Acquire MTS Broadcasting Stations. 2018-03-11. en.