The Fort Worth Report, a nonprofit nonpartisan newspaper, announced recently that it had received a $1.1 million grant from the American Journalism Project, a venture philanthropy that provides grants and coaching to build business models for nonprofit news organizations. The three-year grant follows a competitive, national application process.
“This is a game-changer for our independent newsroom,” says Chris Cobler, the Report’s CEO and publisher. “This funding will allow us to think long term and concentrate our local fundraising on supporting our growing newsroom, so we can cover more of the issues, events and people that our readers care about.”
A key focus of the grant is to help the Report build new audiences and grow the nonprofit’s revenues to create long-term sustainability.
Since the FortWorthReport.org debuted in April 2021, the site has attracted 2.8 million pageviews. Subscribers to its daily and specialized email newsletters also are growing at a pace of more than 1,500 a month.
In its first two years, the Fort Worth Report has raised more than $4 million in revenue from foundations, individual gifts and memberships, and corporate advertising and sponsorships. More than 80 percent of that has been generated locally.
With this week’s grants, the American Journalism Project’s portfolio of grantees has grown to 36 organizations, with total investments of more than $40 million.