Fund for Investigative Journalism

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.