< 1 min read
November 29, 2013
Grants to media skyrocketed 21% over 2 years, to a record $2 billion; public television and DC's Newseum in top 5.
"Foundations awarded nearly $2 billion in grants to the media from 2009 to 2011, part of a growing trend of philanthropy support for journalism and telecommunications, a new report found. Grants to media-related projects, in fact, jumped 21 percent during those two years, compared to 6 percent for other domestic causes, according to a report by the Washington, D.C.-based Foundation Center." -- Jean Hopfensperger, the Minneapolis Star Tribune