EIN 04-3731829

The Lenfest Institute for Journalism Special Asset Fund of TPF

IRS 501(c) type
501(c)(3)
Num. employees
22
Year formed
2002
Most recent tax filings
2022-12-01
Description
The TPF Special Assets Fund is a mission-driven fund that receives, manages and distributes assets, primarily illiquid assets, in support of The Philadelphia Foundation and The Lenfest Institute for Journalism. The Lenfest Institute's mission is to develop and support sustainable business models for great local journalism and to support the digital transformation of heritage news organizations and entrepreneurial efforts of young, innovative companies. It is located in Philadelphia, PA.
Related structure
The Lenfest Institute for Journalism Special Asset Fund of TPF is a subordinate organization under The Philadelphia Foundation (PF).
Also known as...
TPF Special Assets Fund; The Lenfest Inst for Journalism Spe Asset Fund of the PHL Foundation
Total revenues
$41,516,736
2022
Total expenses
$21,565,100
2022
Total assets
$107,280,135
2022
Num. employees
22
2022

Program areas at The Lenfest Institute for Journalism Special Asset Fund of TPF

The Lenfest Institute for Journalism, llc (llc):the llc is a disregarded entity of The Institute that supports both The digital transformation of heritage news organizations and The entrepreneurial efforts of young, innovative companies. The Institute believes that quality civic Journalism requires new business models, powerful innovations and growing, diverse audiences to achieve sustainability in The digital age. It funds programs that produce high-impact Journalism, innovative news technology, and that help local news organizations reach new audiences and develop sustainable digital business models. (continued on schedule o. )to accomplish The organization's exempt purpose, and create clarity of focus underneath The overarching program objectives, three core categories have been developed: national, philadelphia, and The inquirer. The following specific programmatic activities and accomplishments all serve The overarching programmatic objectives to support programs that produce high-impact Journalism, innovate news technology, and lead to highly engaged, diverse and growing audiences.the philadelphia inquirer:the Lenfest Institute is The nonprofit, non-controlling owner of The philadelphia inquirer, which is now The largest newspaper in america operated as a public-benefit corporation. The Institute's ownership of The inquirer, which covers one of The largest, most diverse metro regions in The country, is The cornerstone of its enthusiastic investment in local news.the philadelphia news ecosystem:in The philadelphia area, The Institute facilitates a collaborative news and information ecosystem that builds on valuable history while also fostering entrepreneurial vision and innovation. Diversity and representation are critical components of positive business outcomes. The Institute is working to define different pathways to sustainability for publishers while also ensuring a diversity of representative voices and leadership in both legacy and independent media reflective of The communities they are serving. Spotlight pa:spotlight pa, The harrisburg newsroom launched by The Lenfest Institute and The philadelphia inquirer, creates high-quality nonpartisan investigative and accountability reporting for The benefit of all pennsylvanians. It provides its reporting free-of-charge to more than 80 other newspapers, public radio stations, and websites throughout The commonwealth. As The steward of both The inquirer and spotlight pa, The Institute is blazing a unique path by serving legacy publishers and digital start-ups as they aim to fill gaps and serve new and underrepresented audiences. National solutions for local news:nationally, The Institute leverages its institutional expertise and resources to facilitate capacity building for local news publishers through training programs and grantmaking to support The implementation of business model best practices. Knight-lenfest transformation fund:the knight-lenfest transformation Fund is a five-year effort designed to accelerate innovation in local news organizations in philadelphia and across The united states. The Fund was created by The john s. and james l. knight foundation and The Institute to help build a sustainable, equitable future for local news.other program activities:the Institute supports both The digital transformation of heritage news organizations and The entrepreneurial efforts of young, innovative companies. Other program activities include convening, advisory work, learnings seminars, research and other outreach in support of local Journalism.

Grants made by The Lenfest Institute for Journalism Special Asset Fund of TPF

GranteeGrant descriptionAmount
National Trust for Local News(O) = $1,765,400.00$1,765,400
American Press Institute(D) = $1,650,000.00$1,650,000
Temple University (TU)(A) = $152,000, (I) = $1,237,073.00$1,389,073
...and 40 more grants made totalling $6,933,932

Who funds The Lenfest Institute for Journalism Special Asset Fund of TPF

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
John S. and James L. Knight FoundationTo Build A Future for Local News By Preparing News Leaders and Enterprises With the Skills, Strategies and Tools To Rapidly Respond To the Changes in the Media Landscape and Serve Their Communities With Quality Journalism.$2,000,000
William Penn FoundationEvery Voice, Every Vote Implementation$1,800,000
National Philanthropic TrustPublic, Societal Benefit$269,964
...and 33 more grants received totalling $5,785,940

Personnel at The Lenfest Institute for Journalism Special Asset Fund of TPF

NameTitleCompensation
James FriedlichChief Executive Officer - LLC / Chief Executive Officer and Manager , Institute / Chief Executive Officer and Officer , Institute$441,864
Pedro A RamosPresident and Chief Executive Officer$0
Ken HertsChief Operating Officer - LLC / Chief Operating Officer , Institute$290,604
Karen ClearyChief Financial Officer - LLC / Chief Financial Officer - Institute$140,192
Orlando EspositoTPF Chief Financial Officer$0
...and 22 more key personnel

Financials for The Lenfest Institute for Journalism Special Asset Fund of TPF

RevenuesFYE 12/2022
Total grants, contributions, etc.$39,762,088
Program services$0
Investment income and dividends$1,721,426
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-42,594
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$75,816
Total revenues$41,516,736

Form 990s for The Lenfest Institute for Journalism Special Asset Fund of TPF

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-06990View PDF
2021-122022-11-08990View PDF
2020-122021-11-15990View PDF
2019-122021-04-01990View PDF
2018-122020-01-28990View PDF
...and 8 more Form 990s
Data update history
July 16, 2024
Received grants
Identified 4 new grant, including a grant for $10,000 from The Zisman Family Foundation
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $2,500 from J J Medveckis Foundation
February 4, 2024
Received grants
Identified 20 new grant, including a grant for $2,000,000 from John S. and James L. Knight Foundation
January 10, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 10, 2024
Updated personnel
Identified 4 new personnel
Nonprofit Types
Grantmaking organizationsChapter / child organizationsCharities
Issues
No issues found
Characteristics
Funds one specific organizationOperates donor advised fundsProvides grantsPartially liquidatedState / local levelEndowed supportTax deductible donations
General information
Address
1835 Market St 2410
Philadelphia, PA 19103
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
Phone
(215) 563-6417
IRS details
EIN
04-3731829
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T11: Philanthropy, Voluntarism and Grantmaking Foundations Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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