Thursday, November 19, 2009

Crosscut's new approach

David Brewster writes:

Crosscut Public Media, the publisher of Crosscut.com, recently received its tax-exempt status from the IRS, so we are now a 501(c)(3) nonprofit corporation. (Earlier, Crosscut was published by a for-profit company, Crosscut LLC, which has gone out of business after donating all its assets to the new nonprofit.) Also recently, we received some major early support in the form of a $100,000 gift for this project to the Seattle Foundation, serving as our fiscal sponsor at the time, from the Bill & Melinda Gates Foundation. This key lead gift, along with $50,000 of funding from generous individuals, is meant to launch Crosscut's new mission of providing online local journalism in the public interest, and to build Crosscut's capacity and sustainability.

}}} full story {{{
.

No comments: