Overview
What is The Lenfest Institute For Journalism Special Asset Fund Of Tpf?
The Lenfest Institute for Journalism Special Asset Fund of TPF is a nonprofit entity that supports both the digital transformation of heritage news organizations and the entrepreneurial efforts of innovative companies. Based in Philadelphia, Pennsylvania, it believes that sustainable journalism in the digital age requires new business models, powerful innovations, and growing, diverse audiences. The institute's primary focus includes the Philadelphia Inquirer, the largest newspaper in America operated as a public-benefit corporation, and fostering a collaborative news ecosystem in the Philadelphia area. It also manages programs like Spotlight PA, which provides non-partisan investigative reporting, and National Solutions for Local News, which facilitates capacity building for local publishers. The Lenfest Institute's mission is to receive, manage, and distribute assets to support the Philadelphia Foundation by enabling quality local journalism.
Is The Lenfest Institute For Journalism Special Asset Fund Of Tpf legitimate?
The Lenfest Institute For Journalism Special Asset Fund Of Tpf is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lenfest Institute For Journalism Special Asset Fund Of Tpf submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,369,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,232,467
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Mission Statement of The Lenfest Institute For Journalism Special Asset Fund Of Tpf
The Lenfest Institute for Journalism Special Asset Fund of TPF is a mission-driven organization dedicated to strengthening local journalism by supporting The Philadelphia Foundation. By enabling high-quality journalism that serves its communities, the Institute aims to create a clear focus under its program objectives.
To accomplish this, the Institute has established three core categories: National, Philadelphia, and The Inquirer. The Inquirer, the largest newspaper in America operated as a public-benefit corporation, is the Institute's nonprofit, non-controlling owner. This investment in local news is the cornerstone of the Institute's commitment to community journalism.
In the Philadelphia area, the Institute fosters a collaborative news and information ecosystem. By facilitating valuable history, entrepreneurial vision, and innovation, the Institute is working to define different paths to sustainability for publishers. Diversity and representation are critical components of positive business outcomes. The Institute is also committed to ensuring a diversity of representative voices and leadership in both legacy and independent media, reflecting the communities they serve.
Additionally, the Lenfest Institute manages programs such as Spotlight PA, which creates high-quality nonpartisan investigative and accountability reporting for the benefit of all Pennsylvanians. The Institute serves as the steward of both the Inquirer and Spotlight PA, blazing a unique path by supporting legacy publishers and digital start-ups as they aim to fill gaps and serve new and underrepresented audiences. The Knight-Lenfest Transformation Fund is a five-year effort designed to accelerate innovation in local news organizations across the United States. By leveraging its institutional expertise and resources, the Institute facilitates capacity building for local news publishers through training programs and grantmaking to support the implementation of business model best practices. The Institute also engages in convening, advisory work, learning seminars, research, and other outreach in support of local journalism.
Impact
This information is meant to be a general summary of The Lenfest Institute For Journalism Special Asset Fund Of Tpf. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Lenfest Institute for Journalism Special Asset Fund of TPF has a significant impact on supporting quality local journalism in its communities, particularly in Philadelphia. By funding programs that produce high-impact journalism, innovative news technology, and help local news organizations reach new audiences and develop sustainable digital business models, the Institute is contributing to the sustainability and growth of civic journalism in the digital age.
One of the key achievements of the Institute is its ownership of the Philadelphia Inquirer, the largest newspaper in America operated as a public-benefit corporation. This ownership allows the Institute to make enthusiastic investments in local news, covering one of the largest and most diverse metro regions in the country.
Additionally, the Institute facilitates a collaborative news and information ecosystem in the Philadelphia area, promoting diversity and representation as critical components for positive business outcomes. Programs like Spotlight PA provide high-quality nonpartisan investigative and accountability reporting for the benefit of all Pennsylvanians, free-of-charge to numerous other news outlets in the state.
Nationally, the Institute leverages its expertise and resources to support local news publishers through training programs, grantmaking, and initiatives like the Knight-Lenfest Transformation Fund, aimed at accelerating innovation in local news organizations across the United States. Through convening, advisory work, seminars, research, and other outreach efforts, the Institute is actively working towards strengthening and transforming the landscape of local journalism.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
2002
Phone
(215) 563-6417
Principal Officer
Pedro A Ramos
Main Address
1835 MARKET STREET 2410, PHILADELPHIA, PA, 19103
NTEE Category
Code: T11 - Philanthropy
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