TheStreet.com announced Friday that it will donate $50,000 to the memorial fund honoring former editor in chief Dave Morrow, providing a matching amount to the personal donation previously pledged by TheStreet.com’s co-founder and chairman Jim Cramer.
The combined $100,000 in donations will help provide scholarships and honor outstanding journalism as a tribute to Morrow, who died earlier this month at the age of 49. Morrow led TheStreet.com as editor in chief from 2001-2009 before becoming the first Donald W. Reynolds Endowed Chair in Business Journalism at the University of Nevada, Reno.
“TheStreet.com owes much to Dave Morrow, whose talent, integrity and journalistic vision helped us become a leader among online financial news organizations,” said Chief Executive Daryl Otte in a statement. “It is only fitting that we help carry on the work he had begun to prepare the next generation of financial journalists and safeguard America’s proud history of great journalism.”
Cramer kicked off donations to the new Dave Morrow Prize for Audacious and Talented Financial Journalists earlier this month with his personal pledge of $50,000.
The fund is hosted by the Society of American Business Editors and Writers, in cooperation with Morrow’s family, and will be used for both college tuition for promising students aspiring to careers in financial journalism as well as for students or young journalists seeking to attend SABEW’s annual conferences.
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