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Updated: Huffington Post Nonprofit Investigative Fund Gets $200,000 Grant From Knight Foundation

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The John S. and James L. Knight Foundation is giving The Huffington Post Investigative Fund a $200,000 grant to support the news aggregator’s investigative reporting foundation. The money comes from the $15 million fund the Knight Foundation set up earlier this year. The nonprofit Huffington Post Investigative Fund has a full-time staff of 11 and a budget of $2 million. Besides the Knight Foundation, the Washington, DC-based effort is also supported by the Schumann Center for Media and Democracy, Atlantic Philanthropies and the Markle Foundation.

In making the grant, Knight Foundation’s Eric Newton described the fund’s investigative initiative, which launched in March, as a “worthy test of a new idea, and since we really don’t know how investigative reporting is best supported in the future, an interesting experiment.” Release

SEE ALSO: Will Philanthropy And Media Team Up To Create An Investigative-News Network?

Editor’s Note: The story has been revised to reflect that the recipient is the nonprofit Huffington Post Investigative Fund, not the commercially operated Huffington Post.

Dec 22, 2009 10:14 AM ET

Arianna Huffington Photo: AP Images


Posted In: Media & Publishing, Online News, Money, M&A & Venture Capital, Venture Capital

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