Editor and Publisher Reports

184 Philanthropy and local journalism, as seen through the eyes of the giving community

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Sinopsis

According to a recent report from the Dorothy A. Johnson Center for Philanthropy, total giving from all sources in the U.S. rose from $124.31 billion in 1993 to just over $360 billion last year (2022). However, the report cites that the total giving figure has continued to track closely with the size of the U.S. economy, where the overall "giving " figure remained at roughly 2% of the national GDP over those 20 years. What the report does show as a major shift is a change from total giving coming from individuals versus foundations, the giving coming from foundations rising significantly, from less than 7% in 1992 to nearly 19% of all giving today. As more and more news publishers seek innovative sustainable new revenue models to offset the cost of their newsrooms, more and more money is becoming available to support local journalism through philanthropic entities. In this episode of E&P Reports, we explore "The Chronicle of Philanthropy" (CoP), a monthly magazine that covers the nonprofit world and is r