Financials
Financial Highlights
Total revenue for the Nieman Foundation in fiscal year 2023 increased approximately 13.3% from FY 2022. The main reasons for the increase were (1) the receipt of the first payment of a three-year $259,000 grant from Schmidt Futures to fund a new Nieman-Associated Press fellowship that will provide journalists with China expertise the chance to enhance their coverage of China and U.S.-China policy issues; (2) a gift to the Nieman Journalism Lab to fund two new staff writer positions – one covering local news in the United States and the other reporting on the intersection of journalism and generative AI; and (3) an increase of 4.5% in the annual treasurer’s distribution from Harvard.
While the value of our investments decreased approximately 2.2% from FY 2022 to FY 2023, Nieman’s balance sheet remains strong, with over $158,000,000 in long-term investments.
Development Report
We are grateful to the many individuals, foundations, journalism organizations and other groups that support our programs each year. These donors help fund the Nieman Foundation’s fellowships, publications, journalism awards, conferences and other special projects that help educate journalists on campus and around the world. These gifts help advance Nieman’s long-term goals and mission to promote and elevate the standards of journalism and educate individuals deemed specially qualified for the profession.
Those who wish to make a gift to the Nieman Foundation may make a donation online or send a check to the Nieman Foundation. All correspondence should be mailed to:
Development Office
The Nieman Foundation for Journalism at Harvard
One Francis Avenue
Cambridge, MA 02138
To learn more about planned gifts and bequests, please visit Harvard University’s Planned Giving website.
Questions about making a planned gift or other contributions may be sent to niemandevelopment@harvard.edu.
Balance Sheet
| As of June 30 | |||
|---|---|---|---|
| Amounts in US$ | 2023 | 2022 | |
| ASSETS | |||
| Cash | $500 | $514 | |
| Receivables, net | $10,556,520 | $97,82,204 | |
| Prepayments and deferred charges | $122,865 | $33,907 | |
| Pledges Receivable, net | $564,409 | – | |
| Equipment and Facilities, net | $13,528 | $17,216 | |
| Long-Term Investments | $158,649,664 | $162,225,051 | |
| TOTAL ASSETS | $169,907,486 | $172,058,892 | |
| LIABILITIES | |||
| Accounts Payable | $59,526 | $50,862 | |
| Deposits and Other Liabilities | – | – | |
| Pooled Loans, construction | $50,966 | $104,479 | |
| TOTAL LIABILITIES | $110,492 | $155,341 | |
| NET ASSETS | |||
| TOTAL NET ASSETS | $169,796,994 | $171,903,551 | |
| TOTAL LIABILITIES AND NET ASSETS | $169,907,486 | $172,058,892 | |
Revenue and Expenses
| For the Year Ended June 30 | |||
|---|---|---|---|
| Amounts in US$ | FY 2023 | FY 2022 | |
| OPERATING REVENUE | |||
| (grouped by income type) | |||
| Sponsored Support – Nonfederal | $259,460 | – | |
| Gifts for Current Use | $433,932 | $98,536 | |
| Endowment returns made available for operations | $6,900,750 | $6,602,610 | |
| Interest Income | $6,547 | $8,423 | |
| Service, Publication, Other Income and Transfers | $(71,593) | $(63,831) | |
| TOTAL OPERATING REVENUE | $7,529,096 | $6,645,738 | |
| OPERATING EXPENSES | |||
| (grouped by functional area) | |||
| General Administration | $3,109,015 | $2,440,575 | |
| Fellowships and Awards | $2,426,654 | $2,192,871 | |
| Online and Print Publications; Conferences | $1,193,832 | $1,112,433 | |
| TOTAL OPERATING EXPENSES | $6,729,501 | $5,745,879 | |
| NET OPERATING SURPLUS | $799,595 | $899,859 | |
Gifts and Grants to the Foundation
Income received during FY 2023 and in FY 2024 prior to Dec. 1, 2023
Foundations and organizations that provided grants to support Nieman programs and fellowships:
The Abrams Foundation (general support for the foundation)
Christopher J. Georges Journalism Fund (the annual Christopher J. Georges Conference on College Journalism)
Martin Wise Goodman Trust (the Martin Wise Goodman Nieman Fellowship for a Canadian journalist)
Mary W. Graham (support of Nieman Foundation)
John S. and James L. Knight Foundation (support for the Nieman Journalism Lab and the Knight Visiting Nieman Fellowships)
Estate of Walter Lippmann (general support for the foundation)
Murrey and Frances Marder Endowment (the Murrey Marder Nieman Fellowships in Watchdog Journalism and other watchdog projects)
Morris Endowment Fund (the Joe Alex Morris Jr. Memorial Lecture, presented by an American foreign correspondent)
Schmidt Futures (the Schmidt Futures Nieman Fellowship for China Coverage, administered in partnership with The Associated Press)
I.F. Stone Endowment Fund (the I.F. Stone Medal for Journalistic Independence)
Taylor Family Award Fund (the Taylor Family Award for Fairness in Journalism)
Worth Bingham Memorial Fund (the Worth Bingham Prize for Investigative Journalism)
Income received during FY 2022 and in FY 2023 prior to Dec. 5, 2022
Foundations and organizations that provided grants to support Nieman programs and fellowships:
The Abrams Foundation (general support for the foundation)
Christopher J. Georges Journalism Fund (the annual Christopher J. Georges Conference on College Journalism)
Martin Wise Goodman Trust (the Martin Wise Goodman Nieman Fellowship for a Canadian journalist)
John S. and James L. Knight Foundation (support for the Nieman Journalism Lab and the Knight Visiting Nieman Fellowships)
Estate of Walter Lippmann (general support for the foundation)
Murrey and Frances Marder Endowment (the Murrey Marder Nieman Fellowships in Watchdog Journalism and other watchdog projects)
Morris Endowment Fund (the Joe Alex Morris Jr. Memorial Lecture, presented by an American foreign correspondent)
I.F. Stone Endowment Fund (the I.F. Stone Medal for Journalistic Independence)
Taylor Family Award Fund (the Taylor Family Award for Fairness in Journalism)
Worth Bingham Memorial Fund (the Worth Bingham Prize for Investigative Journalism)
Grants to Support Nieman Fellowships in the Class of 2023
The Carroll Binder Endowment: one fellow from Nigeria
The Barry Bingham Jr. Endowment: one fellow from Bangladesh
The Atsuko Chiba Endowment: one fellow from Cambodia
The John S. and James L. Knight Foundation: one fellow with dual U.S./Colombian citizenship (support for the Knight Latin American Nieman Fellowship)
The Murrey and Frances Marder Endowment: one fellow from the Ukraine and one from the United States (the Murrey Marder Nieman Fellowships in Watchdog Journalism)
The William Montalbano Endowment: one fellow from Turkey
The Ruth Cowan Nash Endowment: one fellow from Hong Kong and one fellow with dual U.S./Spanish citizenship
The Robert Waldo Ruhl Endowment: one fellow from Russia
The Louis Stark Endowment: one fellow from the United States (labor reporting fellowship)
Grants to Support Nieman Fellowships in the Class of 2022
The Carroll Binder and the Barry Bingham Jr. Endowments: one fellow from Ghana
The Atsuko Chiba Endowment: one fellow from China
The Martin Wise Goodman Trust: one fellow from Canada
The John S. and James L. Knight Foundation: one fellow from Colombia, one fellow from Venezuela, and one fellow from Brazil (support for the Knight Latin American Nieman Fellowship)
The Murrey and Frances Marder Endowment: one fellow from Hong Kong and one from the Ireland (the Murrey Marder Nieman Fellowships in Watchdog Journalism). The Irish fellow also received support from the William Montalbano Endowment.
The Ruth Cowan Nash Endowment: one fellow from China, and one fellow from India
The Robert Waldo Ruhl Endowment: one fellow from Denmark
The Louis Stark Endowment: one fellow from the United States (labor reporting fellowship)
Other Donors through December 6, 2023
Anonymous
Mariah Blake, NF ’16
Robert Blau (NF ’97) and Leah Eskin
Christopher E. Bogan, NF ’82
Austin Bogues, NF ’21
Joseph L. Bower
Henry S. (NF ’69) and Monica P. Bradsher
Helen Branswell, NF ’11
Jasmine Brown, NF ’20
Maria Lourdes Cabaero, NF ’14
Samuel Cabot III – In memory of the Richard Stone
Eugene Carlson, NF ’76
Charities Aid Foundation America
Conroy Chino, NF ’84
Henry Chu (NF ’15) and James Baer
Ned (NF ’74) and Linda Cline
Lori Cohen, NF ’97
D’Vera Cohn, NF ’84
Paul Colford
Selymar Colon, NF ’20
Alfredo Corchado, NF ’09
George de Lama, NF ’92
Matthew Dolan (NF ’20) and Michael Hammer
Herna Efendy
Robert Frederick (NF ’21) and Donna Scheidt
James Geary (NF ’12) and Linda Hoetink
Robert Giles, NF ’66
Ellen H. Goodman, NF ’74
Anita Harris, NF ’82
John Harwood, NF ’90
David Himmelstein, NF ’83
Angie Drobnic Holan, NF ’23
Anne Hull, NF ’95
Gerald Jordan, NF ’82 – In memory of the deceased members of class of 1982
Caroline Kagan and Max Lerner
Nancy Lee, NF ’87
Lisa Lerer, NF ’18
Paul Lieberman, NF ’80
Albert Lindler, NF ’84
Ann Marie Lipinski (NF ’90) and Steve Kagan
Benjamin Malec
Ann E. Marimow, NF ’15
William (NF ’83) and Diane Marimow
David Mazie, NF ’64
Lindsay Miller, NF ’88
Morton A. Mintz, NF ’64
Richard P. & Claire W. Morse Foundation – In memory of the Richard Stone
Nieman Class of 2004 – In memory of former Nieman curator Bob Giles and his wife Nancy Giles (with gifts from: Erin Hoover Barnett, Endy Bayundi, Carol Bradley, Alan Cullison, Erik Eckholm, Indira Lakshmanan, Ju-Don Marshall, Laura Meckler, Carina Novarese, Susan Orlean, Don Schanche, David Stern and Doug Struck.)
Emily O’Reilly, NF ’88
Michael Petrou, NF ’18
SBS Foundation
Mary Louise Schumacher, NF ’17
Mary Beth Sheridan, NF ’13
David Skok, NF ’12
Judith Stoia, NF ’80
Akiko Sugaya (NF ’12) and Hiroshi Ishii
Sungkok Journalism Foundation
Josephine Thomas, NF ’71
Fredric (NF ’89) and B. Kim R. Tulsky
Walter Watson, NF ’08
David Welna (NF ’98) and Kathleen Wheaton
Edwin N. Williams, NF ’73
Christine Willmsen, NF ’16
YourCause, LLC
NF = Nieman Fellow