The Knight Foundation has announced a new policy to promote donor transparency in digital media. It will require the foundation’s media grantees to disclose major donors, in recognition of transparency’s “core value in the digital age,” according to the foundation.
The policy applies to new grants in journalism and media. “As media demand a more open society, society is demanding a more open media,” Knight Foundation’s Michael Maness said. The requirement states that donations of more than $5,000 to Knight-funded projects must be disclosed on the organization’s website.
The Investigative News Network already requires its members to disclose their sources of funding. Our standards on transparency for our members can be found in full here. INN agrees that donor transparency is key to providing news media the public can trust.