ERSTE Foundation Annual Report 2021

Page 96

Ten Takeaways for Funders of Independent Media How can philanthropy sustain independent journalism in a time of crisis? Here are ten takeaways from the discussion summed up by Timothy Large, IJ4EU Programme Manager at the IPI.

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Funders should take an ecosystem approach to supporting independent media, with systemic collaboration between philanthropic institutions, governments, investors and other players.

Governments should put more taxpayer money into supporting independent media without compromising editorial independence. The Forum on Information and Democracy recommends 0.1 percent of annual gross domestic product.

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Funders should prioritise long-term, operational support over short-term, project-related funding.

Wealthy nations should spend more of their overseas development assistance budgets on core support for independent media. The International Fund for Public Interest Media recommends one percent of ODA budgets.


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