The Fund for Investigative Journalism was founded in 1969 by the late Philip M. Stern, a public-spirited philanthropist who devoted his life “to balancing the scales of justice,” in the words of a friend. Stern was convinced small amounts of money invested in the work of determined journalists would yield enormous results in the fight against racism, poverty, corporate greed and governmental corruption. Stern’s theory proved true in the Fund’s first year, when a tiny grant of $250 enabled reporter Seymour Hersh to begin investigating a tip concerning a U.S. Army massacre at the Vietnamese village of My Lai. A subsequent Fund grant of $2,000 allowed Hersh to finish reporting the story.

Over five decades, the Fund has awarded more than $4.5 million in grants to freelance reporters, authors and small publications.

Fund-supported projects have won a wide array of journalistic honors. They include three Pulitzer Prizes, a Peabody, the Livingstone Award for International Reporting, two National Magazine Awards, the Raymond Clapper Award, the George Polk Award, the Sigma Delta Chi Award, the Worth Bingham Prize, the New York Newspaper Guild’s Front Page Award and many others. Authors working with the help of a Fund grant have won the Frank Luther Mott Award for the best media book, as well as the MacArthur Foundation’s coveted “genius” award.