Local Media Foundation

Local Media Foundation

P.O. Box 450
Lake City, MI 49651
(615) 229-5181
Website: https://localmedia.org/local-media-foundation/lmf-fiscal-sponsorship-programs/

Terese Kartholl
Director, Journalism Funding Initiative

Year organization became a 501(c)(3): 2001
Year of first fiscal sponsorship: 2020
Number of sponsored projects: 40

Fiscal sponsorship fee:
7% administrative fee covers costs of administering the fund, ensuring legal compliance, and processing donations and donor acknowledgments.

Eligibility criteria:

  • Aligned mission values

Types of projects or services we sponsor:

  • Other: Journalism projects that focus on important community issues such as social justice, poverty, the unhoused, education, or health inequities.

Services we offer projects:

  • Other: Crowdfunding platform (Givebutter), which accepts online/credit card donations; annual 990 filings and financial audits; board governance; donor acknowledgment letters for donations over $250; emailed receipts for donations under $250.

Based on Fiscal Sponsorship: 6 Ways to Do It Right: Our model(s) of fiscal sponsorship are:

  • Model C, Preapproved Grant Relationship

Organization description:
Local Media Foundation is a 501(c)(3) charitable trust affiliated with the Local Media Association, one of the largest local media trade associations in North America. The mission of the Local Media Foundation is to ensure a healthy future for local journalism, which is essential to a strong democracy, by reinventing business models for news. Local Media Association and Local Media Foundation work with more than 3,000 local news organizations including newspapers, broadcasters (TV and radio), public media, digital news sites, R&D partners and platforms.