From public IRS filings
LOCAL MEDIA FOUNDATION
LAKE CITY, MI · Human Services
Mission
THE PURPOSE OF THE FOUNDATION IS TO ENSURE A HEALTHY FUTURE FOR LOCAL JOURNALISM, WHICH IS ESSENTIAL TO A STRONG DEMOCRACY, BY REINVENTING BUSINESS MODELS FOR NEWS.
Financials (IRS Form 990)
Total revenue
$6.6M
Total expenses
$6M
Total assets
$4.3M
Program expense ratio
82%
Source: IRS Form 990, tax year 2023.
Who funds LOCAL MEDIA FOUNDATION
$12.7M in foundation grants on record from 52 funders — matched from IRS 990 grant line items. Some matches may be approximate.
| Funder | Total given | Grants |
|---|---|---|
| John S and James L Knight Foundation | $4.2M | 8 |
| Fidelity Investments Charitable Gift Fund | $2.1M | 4 |
| Conrad N Hilton Foundation | $1M | 2 |
| Solutions Journalism Network | $763K | 6 |
| Commonwealth Fund | $630K | 8 |
| Silicon Valley Community Foundation | $600K | 1 |
| Robert Wood Johnson Foundation | $500K | 4 |
| Chan Zuckerberg Initiative Foundation | $335K | 1 |
| Walton Family Foundation | $300K | 3 |
| Henry Luce Foundation | $300K | 2 |
Leadership
MS NANCY CAWLEY LANE — CEO (Principal officer)
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