The Angel Network, the charity founded by media mogul Oprah Winfrey, has announced that it will cease operations as soon as its remaining funds are dispersed.
Launched in 1998 with initial donations from viewers of Winfrey's popular talk show, the charity raised more than $80 million from 150,000 donors, the Associated Press reports. Its best-known projects include supporting rebuilding efforts in Gulf Coast communities devastated by Hurricane Katrina and building fifty-five rural schools in a dozen countries. All the network's final grantees have been chosen, and the charity is no longer accepting grant requests or donations.
The decision to dissolve the network comes as Winfrey prepares to wrap up production of her talk show next fall after twenty-five years on the air, according to Angel Network spokeswoman Angela DePaul. Winfrey remains committed to philanthropy, and her new Oprah Winfrey Network will highlight charitable organizations.
"Oprah and the Angel Network's board of directors thank all of the many organizations who have been a part of the Angel Network's grantee community," said a statement on the home page of the Angel Network Web site. "We celebrate the great work of the organizations who have worked with the Angel Network and wish them continued success as they address their various causes."