Dow Jones News Fund Inc
2013 type: exa:search title: DJNF 1996 - 2013 type: exa:news title: 'DJNF Alum Funds 3 Internships - Dow Jones News Fund : Promoting careers in Print and Online JournalismDow Jones News Fund : Promoting careers in Print and Online Journalism' type: exa:news title: "Dow Jones News Fund Announces $462,350 in 2015 Grants\u2014Dow Jones News\ \ Fund : Promoting careers in Print and Online Journalism" type: exa:news title: 'DJNF Announces New Award - Dow Jones News Fund : Promoting careers in Print and Online JournalismDow Jones News Fund : Promoting careers in Print and Online Journalism' type: exa:news title: "Dow Jones News Fund Announces $490,000 in 2014 Grants\u2014Dow Jones News\ \ Fund : Promoting careers in Print and Online Journalism" type: exa:news title: Dow Jones News Fund Awards $432,000 in 2012 Grants
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$450K
-6.2% YoY
Annual Giving
$134K
-15.0% YoY
Grant Count
12
+0.0% YoY
Avg Grant Size
$11K
-15.0% YoY
Mission & Focus Areas
The Dow Jones News Fund promotes careers in print and online journalism by training journalists through internships, workshops, and scholarships. The organization focuses on developing diverse, well-prepared professionals dedicated to journalism excellence.
Primary program areas include:
College intern training, placement and support program — The organization selects college students from hundreds of applicants to participate in on-site training events and places them in internships with news organizations across the country. The organization covers travel costs and provides financial assistance to interns during their internships.
College student scholarships — The organization provides scholarships to eligible college students who participate in the internship program.
Early career training program — The organization selects nominated staff members with less than three years of newsroom experience to participate in online training once a week for four weeks, followed by two-day in-person sessions at the beginning and end of the program. The organization covers training and lodging costs.
The organization charges for-profit and non-profit news organizations a fee for each intern placed, with fees intended to subsidize training costs.
Grantmaking
Based on the most recent IRS Form 990 filing (2024), the Dow Jones News Fund reported total giving of $129,000. Historical grantmaking data shows the organization has made 197 grants totaling $873,000, with a median grant of $2,000 and an average award of $5,000. Individual grants have ranged up to $120,000.
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Geographic Focus
Where this funder awards grants
Grantmaking is concentrated in Illinois. The organization also has funding activity in New York, West Virginia, and Oklahoma.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024 (most recent filing):
- Total Assets: $450,105
- Total Revenue: $610,755
- Total Expenses: $640,429
- Total Liabilities: $0
Historical context:
- Total assets have grown from $22,000 in 2011 to $450,105 in 2024
- The organization is governed by 17 officers and trustees
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $450,105 | $479,779 | $590,222 |
| Revenue | $610,755 | $523,619 | $603,075 |
| Expenses | $640,429 | $634,062 | $515,760 |
| Qualifying Distributions | $640,429 | $634,062 | $515,760 |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | $26,918 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
137 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Shirley Carswell — Executive Director
Denise Jester — Manager – Finance and Administration
- Email: denise.jester@dowjones.com
Heather Taylor — Manager – Digital Media and Programs
- Email: heather.taylor@dowjones.com
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRENT JONES | PRESIDENT | 1 | — |
| DIANA MITSU KLOS | SECRETARY | 1 | — |
| PAUL SCHMIDT | TREASURER | 1 | — |
| LASHARAH BUNTING | DIRECTOR | 1 | — |
| THOMAS ENGLEMAN | DIRECTOR | 1 | — |
| GARRY D HOWARD | DIRECTOR | 1 | — |
| ALMAR LATOUR | DIRECTOR | 1 | — |
| KAREN PENSIERO | DIRECTOR | 1 | — |
| DR RUSTY TODD | DIRECTOR | 1 | — |
| MARIBEL PEREZ WADSWORTH | DIRECTOR | 1 | — |
| SHIRLEY CARSWELL | EXECUTIVE DI | 40 | — |
| DENISE JESTER | FINANCE MANA | 40 | — |
| HEATHER TAYLOR | PROGRAMMING | 40 | — |
| DAVID CHO | DIRECTOR | 1 | — |
| SUSAN LEATH | DIRECTOR | 1 | — |
| ERIC MANDRACKIE | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
**2025 Richard J. Levine Journalism Champion Award** — Veteran journalist and educator Dr. Dorothy M. Bland was named the 2025 recipient of this award.
**2025 Internship Program** — The Dow Jones News Fund trained 81 college students selected to work in paid internships across 62 newsrooms around the country.
**2025 Early Career Training Program** — The organization welcomed 20 journalists from around the country to its Early Career Training Program in Nashville, including 10 reporters from Gannett, along with reporters from McClatchy, the Baltimore Banner, the Maine Trust for Local News, and the Cascadia Daily News.
**Summer 2026 Applications** — The organization invites college students to apply for paid summer internships in audience engagement, business reporting, data journalism, digital media, and multiplatform editing, with an application deadline of November 5.
Contact Information
Mailing Address: P.O. Box 300 Princeton, NJ 08543
Street Address: 4300 Route 1 North Monmouth Junction, NJ 08852
Phone: (609) 452-2820 Fax: (609) 520-5477 Email: djnf@dowjones.com
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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