"Governed by an independent board of directors, the 501(c)3 charitable organization will help AP sustain, augment and grow journalism and services for the industry, as well as help fund other entities that share a commitment to state and local news."

Fascinating! And much needed.

I'm curious to learn how this fits into other fundraising efforts, like the $500M Press Forward initiative for local news that was announced last year.

I do also have a question about whether all this centralized philanthropy is sustainable. What happens to these newsrooms if the foundation dollars go away? Are they incentivized to find their own business and fundraising models, or does this create a kind of dependence that might be harmful in the long run?

My hope, of course, is that these efforts are the shot in the arm that journalism needs, and that the newsrooms which receive this funding will be sustainable and enduring. It's certainly lovely to see the support.

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