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"Nonprofit news is the very hot thing right now," says Stacy Palmer, chief executive of the Chronicle of Philanthropy.
"Lots of foundations are coming together to save local news."
In fact, the number of local nonprofit news organizations has more than doubled in the past six years, according to data from the Institute for Nonprofit News.
But while some philanthropies are directly funding local news, others are creating nonprofit news organizations of their own.
"There's a tremendous concern in philanthropy about the fact that our democracy fails if we don't have strong, local journalism," Palmer tells the Los Angeles Times.
"For a lot of philanthropies, it's the second cause," she says.
One local philanthropy, the Eli and Edythe Broad Foundation, announced a three-year, $1.15 million grant earlier this year to support a partnership between the News Literacy Project and the Los Angeles Unified School District.
"The News Literacy Project is recognizing that there's been a shift in how people consume and interact with the news, and we really want to make sure that young people develop the skills to be able to interact with news to differentiate fact from fiction and identify reputable and verifiable sources of news and use that news in a productive way," says
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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President Trump's former campaign manager, Paul Manafort, has been sentenced to 36 months in prison for bank fraud and money laundering, the AP reports. Manafort was found guilty of wire and...more
If you're still not convinced that what you throw in the recycling bin actually gets recycled, you're not alone. A new survey finds that 32% of Americans aren't sure what they're throwing in the...more
If you're looking for a way to give back to your community, there's a new investment vehicle out there that's more than willing to do just that. It's called the Social Impact Fund, and it's the...more
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Spotlight
New Age of Philanthropy: #GivingTuesday
A part of a series produced by The Huffington Post in celebration of #GivingTuesday, which will take place this year on December 3, Kathy Calvin and Henry Timms vouch that we are living in a new era of philanthropy.
