AJP (The American Journalism Project)
The first critical goal for AJP has been raising an initial fund of $50 million. At the time the organization officially launched in February of 2019, they also announced $42.6 million in lead funding commitments, a Board of Directors and its first three hires.
The Knight Foundation announced its leading support for the American Journalism Project with a $20 million, 5-year commitment. Joining The Knight Foundation as American Journalism Project lead supporters are: Arnold Ventures, Craig Newmark Philanthropies, philanthropist Christopher Buck, Emerson Collective, the Democracy Fund and the Facebook Journalism Project.
Through this first fund, AJP will make substantial, course-altering investments in 25-35 CNOs with the goal of fostering their transition into sustainable media organizations with multiple revenue streams. Working within the existing CNO ecosystem, AJP’s staff of “partners” will serve as value-added advisors and advocates for each CNO in the portfolio. Over the next few years, AJP will raise the visibility of the vital role of CNOs and mobilize a national movement to sustain and grow an independent local press across the country.