TheStreet.com foundation to fund investigative biz journalism

Financial news site TheStreet.com announced Thursday that it is launching a foundation that will fund investigative financial journalism.

A story on its website states, “TheStreet will provide funding to the Foundation for its financial literacy initiatives. ‘Our mission is to channel Wall Street dollars to help solve Main Street problems by providing individuals and communities with the tools to change their financial futures,’ said CEO Elisabeth DeMarse, in a statement. ‘TheStreet Foundation will provide accessible, actionable insights that can help people build a more prosperous tomorrow.’

“The Foundation’s first initiative will be the Fellows Program, set up to grant seed funding to investigative journalists to help them in the battle against corporate greed, government corruption and consumer fraud. Author and investigative journalist Susan Antilla is the Founding Fellow.

“‘We are thrilled to name Susan Antilla as our Founding Fellow and to help her continue her insightful and impactful reporting,’ said Soman, in the company’s statement. ‘Investigative journalism has become a thing of the past in many newsrooms, but TheStreet Foundation’s efforts will help keep original reporting alive and consumers informed.’

“In addition to investigative journalism and education, TheStreet Foundation also provides a host of survey data on its Web site, as well as information on financial literacy events.”

Read more here.