The Lenfest Institute for Journalism Special Assets Fund of The Philadelphia Foundation
The Lenfest Institute for Journalism Special Assets Fund of The Philadelphia Foundation
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About this organization
Revenue
$51,599,715
Expenses
$9,759,033
Mission
RECEIVE, MANAGE AND DISTRIBUTE ASSETS, IN SUPPORT OF THE PHILADELPHIA FOUNDATION.
About
THE LENFEST INSTITUTE:THE LENFEST INSTITUTE SUPPORTS BOTH THE DIGITAL TRANSFORMATION OF HERITAGE NEWS ORGANIZATIONS AND THE ENTREPRENEURIAL EFFORTS OF YOUNG, INNOVATIVE COMPANIES. THE INSTITUTE BELIEVES THAT QUALITY CIVIC JOURNALISM REQUIRES NEW BUSINESS MODELS, POWERFUL INNOVATIONS AND GROWING, DIVERSE AUDIENCES TO ACHIEVE SUSTAINABILITY IN THE DIGITAL AGE. IT FUNDS PROGRAMS THAT PRODUCE HIGH-IMPACT JOURNALISM, INNOVATIVE NEWS TECHNOLOGY, AND THAT LEAD TO HIGHLY ENGAGED, DIVERSE AND GROWING AUDIENCES. HIGH-IMPACT JOURNALISM:QUALITY, IN-DEPTH REPORTING REMAINS THE FUNDAMENTAL VALUE PROPOSITION BETWEEN LOCAL NEWS ORGANIZATIONS AND THEIR AUDIENCES. THE LENFEST INSTITUTE INVESTS IN INDISPENSABLE PUBLIC-BENEFIT JOURNALISM FOR THE COMMUNITIES IT SERVES.NEWS TECHNOLOGY AND INNOVATION:TO SURVIVE AND THRIVE, LOCAL NEWS ENTERPRISES MUST BE NIMBLE, TECH ENABLED AND COMMITTED TO CONSTANT INNOVATION. INVESTING IN THE TECHNICAL MUSCLE OF NEWS ORGANIZATIONS AND INTRODUCING NEW TOOLS IMPROVE CUSTOMER EXPERIENCE, AUDIENCE ENGAGEMENT AND OPERATIONAL EFFICIENCY, ALL KEY TO BUSINESS SUSTAINABILITY.DIVERSE & GROWING AUDIENCES:DIVERSE AND INCLUSIVE NEWSROOMS ATTRACT DIVERSE AND GROWING AUDIENCES. OUR INVESTMENTS IN NEWSROOM DIVERSITY, COMMUNITY LISTENING PROJECTS, AND MULTI-CULTURAL NEWS MEDIA ADDRESS SOME OF JOURNALISM'S BIGGEST CHALLENGES AND ONE OF ITS GREATEST OPPORTUNITIES. KNIGHT-LENFEST TRANSFORMATION FUND:THE KNIGHT-LENFEST TRANSFORMATION FUND IS A FIVE-YEAR EFFORT DESIGNED TO ACCELERATE INNOVATION IN LOCAL NEWS ORGANIZATIONS IN PHILADELPHIA AND ACROSS THE UNITED STATES. THE FUND WAS CREATED BY THE JOHN S. AND JAMES L. KNIGHT FOUNDATION AND THE LENFEST INSTITUTE FOR JOURNALISM TO HELP BUILD A SUSTAINABLE, EQUITABLE FUTURE FOR LOCAL NEWS.COMMUNITY LISTENING AND ENGAGEMENT FUND:THE COMMUNITY LISTENING AND ENGAGEMENT FUND (CLEF) IS A GRANT-MAKING INITIATIVE TO HELP NEWS ORGANIZATIONS PRODUCE MORE RELEVANT AND TRUSTED COVERAGE FOR THE DIVERSE AUDIENCES THEY SERVE. THE FUND WILL SUBSIDIZE THE COSTS FOR NEWSROOMS TO ADOPT TOOLS DESIGNED FOR THIS PURPOSE.FACEBOOK LOCAL NEWS ACCELERATORS:THE FACEBOOK JOURNALISM PROJECT ACCELERATOR IS A BROAD PROGRAM COMPRISED OF THREE DIFFERENT COMMON PROBLEM AREAS IN THE NEWS INDUSTRY AND SOLUTIONS OF HOW TO OVERCOME THEM. IT ENCOMPASSES THE SUBSCRIPTION ACQUISITION, SUBSCRIPTION, AND MEMBERSHIP RETENTION ACCELERATORS. FUNDED AND ORGANIZED BY THE FACEBOOK JOURNALISM PROJECT, THE PROGRAMS INCLUDE HANDS-ON WORKSHOPS, A GRANTMAKING PROGRAM, AND REGULAR REPORTS ON BEST PRACTICES.SPOTLIGHT PA:SPOTLIGHT PA IS A COLLABORATIVE EFFORT AMONG THE PHILADELPHIA INQUIRER, PITTSBURGH POST GAZETTE AND PENN LIVE/PATRIOT NEWS THAT IS DEDICATED TO PRODUCING NONPARTISAN INVESTIGATIVE JOURNALISM ABOUT PENNSYLVANIA GOVERNMENT AND URGENT STATEWIDE ISSUES. THE CITY:THE CITY IS A STARTUP WATCHDOG JOURNALISM PROJECT, FOCUSED ON COVERING LOCAL GOVERNMENT AND OTHER LOCAL INSTITUTIONS IN NEW YORK CITY. THIS DIGITAL NEWS WEBSITE LAUNCHED IN EARLY 2019. DURING 2018, THE LENFEST INSITUTE RECEIVED FUNDING TO ASSIST WITH PLANNING AND STARTUP ACTIVITIES FOR THIS PROJECT. THE LENFEST INSTITUTE SERVES AS ITS FISCAL SPONSOR.INNOVATION GRANTS:THE LENFEST INSTITUTE HAS AWARDED TWO TYPES OF GRANTS: THE LOCAL NEWS BUSINESS MODEL CHALLENGE FOR PROJECTS THAT EXPLORE NEW BUSINESS MODELS FOR SUSTAINABLE LOCAL NEWS AND INFORMATION ORGANIZATIONS, AND THE PHILADELPHIA NEWS ECOSYSTEM COLLABORATION GRANTS FOR PLANNING OR PROTOTYPE PROJECTS BRINGING TOGETHER ORGANIZATIONS IN THE PHILADELPHIA AREA FOR CLOSER COLLABORATION. KNIGHT-LENFEST NEWSROOM INITIATIVE:PROGRAM TO ADVANCE INNOVATION IN LOCAL JOURNALISM THROUGH INTENSIVE CHANGE-MANAGEMENT TRAINING FOR NEWS LEADERS.OTHER PROGRAM ACTIVITIES:THE LENFEST INSTITUTE SUPPORTS BOTH THE DIGITAL TRANSFORMATION OF HERITAGE NEWS ORGANIZATIONS AND THE ENTREPRENEURIAL EFFORTS OF YOUNG, INNOVATIVE COMPANIES. OTHER PROGRAM ACTIVITIES INCLUDE CONVENINGS, ADVISORY WORK, LEARNINGS SEMINARS, RESEARCH AND OTHER OUTREACH IN SUPPORT OF LOCAL JOURNALISM.
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “Receive, manage and distribute assets, primarily illiquid assets, in support of the philadelphia foundation. the lenfest institute for journalism's mission is to develop and support sustainable business models for great local journalism.”.
When referring to its actions, they were described as: “Receive, manage and distribute assets, in support of the philadelphia foundation.”.
- According to the law, the state of operation reported by the non-profit is PA.
- As per the filing, the address of the non-profit for 2020 is 1835 MARKET STREET NO 2410, PHILADELPHIA, PA, 19103.
- According to their form, the non-profit as of 2020 has a total of 6 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $41,840,682.
- The organization has 32 independent voting members.
- The organization was formed in 2002.
- The organization pays $1,060,625 in salary, compensation, and benefits to its employees.
- The organization pays $645,905 in fundraising expenses.