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Since 1950, the foundation has invested nearly $400 million in journalism through midcareer training programs, endowed journalism chairs at universities, newsroom diversity projects, high school journalism training, the International Center for Journalists, the Knight Citizen News Network, the Knight Digital Media Center, and many other initiatives.
In recent years, Knight has increased its funding interest in journalism innovation, most notably through the Knight News Challenge, but also through other efforts. In early 2011, Knight launched a four-year, $4.2 million “test kitchen” at Northwestern University’s Medill School of Journalism, for instance, and partnered with the nonprofit Mozilla Foundation to embed technology fellows in newsrooms, a partnership that was renewed in 2013. Knight regularly gives grants to new journalism projects and news organizations and in 2011 began investing in news projects with the Knight Enterprise Fund. It also launched a smaller, quicker way of funding news projects in 2012 with the Knight Prototype Fund. However, it generally does not provide ongoing funding for individual outlets.
The Knight Foundation also gives grants to more established organizations, such as grants in 2013 of $985,000 to TED to measure the impact of innovative ideas and $3.1 million to New York University to provide community technology training.
(The Knight Foundation provides funding to the Nieman Foundation and the Nieman Journalism Lab, including for the creation of Encyclo.)
The foundation runs the Knight News Challenge, a five-year annual contest that awards startup grants to innovative news projects around the world. The challenge gave its first awards in 2007 and its fifth round in June 2011. After its initial five-year run ended, the foundation announced that the News Challenge would be continued with three annual contests starting in 2012. The first of those contests focused on networks and resulted in six awards, and the second contest focused on data.
The foundation and News Challenge’s primary purpose is to fuel innovation in journalism, and they have done so by broadening their focus to include the broader information needs of communities as well. The News Challenge also represented a shift toward a more open and participatory process for the foundation. The foundation requires each winning News Challenge project to release its code as an open-source resource for other organizations.
A video on the Knight Foundation’s mission:
Mashable is a blog that covers social media news and analysis. The blog was founded in 2005 by Pete Cashmore, who was 19 at the time. Cashmore said in 2008 that Mashable had been profitable since its inception without the need for venture funding. Mashable first took on outside funding when it raised $13.3 million…