What does Knight Foundation do?

The Knight Foundation, formally known as the John S. and James L. Knight Foundation, is a prominent private foundation based in Miami, Florida. Established in 1950 by newspaper magnates John S. Knight and James L. Knight, the foundation focuses on enhancing democracy through support for free expression, quality journalism, arts and culture, and community engagement. With total assets ranging from approximately $2.6 billion to $3 billion, it allocates around $100 million to $150 million annually in grants. The foundation's grantmaking is concentrated in 26 specific communities across the United States, where it funds non-profit organizations, media outlets, universities, and community groups. Its primary program areas include Journalism, Community Impact, Arts, and Information & Society, with a commitment to fostering informed and equitable communities. The Knight Foundation also produces research and insights on media and democracy, serving as a valuable resource for policymakers and community leaders.