The Annenberg Foundation is a family foundation founded by Walter H. Annenberg. Serving as Ambassador to the Court of St. James from 1969 to 1974, Ambassador Annenberg enjoyed a distinguished career as a publisher, broadcaster, diplomat and philanthropist. He was President, and subsequently, Chairman of the Board, of Triangle Publications, which included TV Guide and Seventeen magazine, as well as radio and TV stations nationwide.
The Annenberg Foundation was established in 1989 with $1.2 billion, one-third of the assets from the sale of Triangle Publications. Ambassador Annenberg founded The Annenberg School for Communication at the University of Pennsylvania in 1958 and The Annenberg School for Communication and Journalism at the University of Southern California in 1971. In 1983, he established the Washington Program in Communication Policy Studies