TPF SPECIAL ASSETS FUND
1835 MARKET STREET NO 2410, PHILADELPHIA, PA 19103

Total Revenue
$25,125,953
Total Expenses
$28,688,218
Net Assets
$97,654,999

Organizations Filed Purposes: RECEIVE, MANAGE AND DISTRIBUTE ASSETS, PRIMARILY ILLIQUID ASSETS, IN SUPPORT OF THE PHILADELPHIA FOUNDATION. THE LENFEST INSTITUTE FOR JOURNALISM'S MISSION IS TO DEVELOP AND SUPPORT SUSTAINABLE BUSINESS MODELS FOR GREAT LOCAL JOURNALISM.

RECEIVE, MANAGE AND DISTRIBUTE ASSETS, IN SUPPORT OF THE PHILADELPHIA FOUNDATION.

THE LENFEST INSTITUTE:THE LENFEST INSTITUTE SUPPORTS BOTH THE DIGITAL TRANSFORMATION OF HERITAGE NEWS ORGANIZATIONS AND THE ENTREPRENEURIAL EFFORTS OF YOUNG, INNOVATIVE COMPANIES. THE INSTITUTE BELIEVES THAT QUALITY CIVIC JOURNALISM REQUIRES NEW BUSINESS MODELS, POWERFUL INNOVATIONS AND GROWING, DIVERSE AUDIENCES TO ACHIEVE SUSTAINABILITY IN THE DIGITAL AGE. IT FUNDS PROGRAMS THAT PRODUCE HIGH-IMPACT JOURNALISM, INNOVATIVE NEWS TECHNOLOGY, AND THAT LEAD TO HIGHLY ENGAGED, DIVERSE AND GROWING AUDIENCES. HIGH-IMPACT JOURNALISM:QUALITY, IN-DEPTH REPORTING REMAINS THE FUNDAMENTAL VALUE PROPOSITION BETWEEN LOCAL NEWS ORGANIZATIONS AND THEIR AUDIENCES. THE LENFEST INSTITUTE INVESTS IN INDISPENSABLE PUBLIC-BENEFIT JOURNALISM FOR THE COMMUNITIES IT SERVES.NEWS TECHNOLOGY AND INNOVATION:TO SURVIVE AND THRIVE, LOCAL NEWS ENTERPRISES MUST BE NIMBLE, TECH ENABLED AND COMMITTED TO CONSTANT INNOVATION. INVESTING IN THE TECHNICAL MUSCLE OF NEWS ORGANIZATIONS AND INTRODUCING NEW TOOLS IMPROVE CUSTOMER EXPERIENCE, AUDIENCE ENGAGEMENT AND OPERATIONAL EFFICIENCY, ALL KEY TO BUSINESS SUSTAINABILITY.DIVERSE & GROWING AUDIENCES:DIVERSE AND INCLUSIVE NEWSROOMS ATTRACT DIVERSE AND GROWING AUDIENCES. OUR INVESTMENTS IN NEWSROOM DIVERSITY, COMMUNITY LISTENING PROJECTS, AND MULTI-CULTURAL NEWS MEDIA ADDRESS SOME OF JOURNALISM'S BIGGEST CHALLENGES AND ONE OF ITS GREATEST OPPORTUNITIES. KNIGHT-LENFEST TRANSFORMATION FUND:THE KNIGHT-LENFEST TRANSFORMATION FUND IS A FIVE-YEAR EFFORT DESIGNED TO ACCELERATE INNOVATION IN LOCAL NEWS ORGANIZATIONS IN PHILADELPHIA AND ACROSS THE UNITED STATES. THE FUND WAS CREATED BY THE JOHN S. AND JAMES L. KNIGHT FOUNDATION AND THE LENFEST INSTITUTE FOR JOURNALISM TO HELP BUILD A SUSTAINABLE, EQUITABLE FUTURE FOR LOCAL NEWS.SPOTLIGHT PA: A COLLABORATIVE NEWSROOM DEDICATED TO PRODUCING NONPARTISAN INVESTIGATIVE JOURNALISM ABOUT PENNSYLVANIA GOVERNMENT AND URGENT STATEWIDE ISSUES.FACEBOOK LOCAL NEWS ACCELERATORS:THE FACEBOOK JOURNALISM PROJECT ACCELERATOR IS A BROAD PROGRAM COMPRISED OF THREE DIFFERENT COMMON PROBLEM AREAS IN THE NEWS INDUSTRY AND SOLUTIONS OF HOW TO OVERCOME THEM. IT ENCOMPASSES THE SUBSCRIPTION ACQUISITION, SUBSCRIPTION RETENTION, AND MEMBERSHIP RETENTION ACCELERATORS. FUNDED AND ORGANIZED BY THE FACEBOOK JOURNALISM PROJECT, THE PROGRAMS INCLUDE HANDS-ON WORKSHOPS, A GRANTMAKING PROGRAM, AND REGULAR REPORTS ON BEST PRACTICES.SPOTLIGHT PA:SPOTLIGHT PA IS A COLLABORATIVE EFFORT AMONG THE PHILADELPHIA INQUIRER, PITTSBURGH POST GAZETTE AND PENN LIVE/PATRIOT NEWS THAT IS DEDICATED TO PRODUCING NON-PARTISAN INVESTIGATIVE JOURNALISM ABOUT PENNSYLVANIA GOVERNMENT AND URGENT STATEWIDE ISSUES. INNOVATION GRANTS:THE LENFEST INSTITUTE HAS AWARDED TWO TYPES OF GRANTS: THE LOCAL NEWS BUSINESS MODEL CHALLENGE FOR PROJECTS THAT EXPLORE NEW BUSINESS MODELS FOR SUSTAINABLE LOCAL NEWS AND INFORMATION ORGANIZATIONS, AND THE PHILADELPHIA NEWS ECOSYSTEM COLLABORATION GRANTS FOR PLANNING OR PROTOTYPE PROJECTS BRINGING TOGETHER ORGANIZATIONS IN THE PHILADELPHIA AREA FOR CLOSER COLLABORATION. OTHER PROGRAM ACTIVITIES:THE LENFEST INSTITUTE SUPPORTS BOTH THE DIGITAL TRANSFORMATION OF HERITAGE NEWS ORGANIZATIONS AND THE ENTREPRENEURIAL EFFORTS OF YOUNG, INNOVATIVE COMPANIES. OTHER PROGRAM ACTIVITIES INCLUDE CONVENING, ADVISORY WORK, LEARNINGS SEMINARS, RESEARCH AND OTHER OUTREACH IN SUPPORT OF LOCAL JOURNALISM.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
James FriedlichCEO AND MANAGER, INSTITUTE35$357,692
Annie MadoniaCHIEF ADVANCE OFFICER, INS35$295,058
Ken HertsCHIEF OPERATING OFFICER, INSTITUTE35$244,208
Janelle StaffordMANAGING DIRECTOR - INSTITUTE35$177,692
Burt HermanMANAGER, INSTITUTE35$174,307
Rebecca FormanDIRECTOR OF ADVANCEMENT - INSTITUTE35$159,404
Karen ClearyCHIEF FINANCIAL OFFICER - INSTITUTE20$50,769
Rosalind RemerVICE CHAIR, INSTITUTE1$0
David BoardmanCHAIR, INSTITUTE1$0
Kerry BensonDIRECTOR, TREASURER0.2$0
Mindy PosoffDIRECTOR, VICE CHAIR0.2$0
Anthony J ContiDIRECTOR, CHAIR0.2$0
Roy RosinMANAGER, INSTITUTE1$0
Bill GrueskinMANAGER, INSTITUTE1$0
Sara Lomax-ReeseMANAGER, INSTITUTE1$0
Vijay RavindranMANAGER, INSTITUTE1$0
Hong QuMANAGER, INSTITUTE1$0
Martin NisenholtzMANAGER, INSTITUTE1$0
Keith LeaphartMANAGER, INSTITUTE1$0
Tony HaileMANAGER, INSTITUTE1$0
David W HaasMANAGER, INSTITUTE1$0
Bill GrueskinMANAGER, INSTITUTE1$0
Michael X Delli Carpini Ph DMANAGER, INSTITUTE1$0
Sarah BarlettMANAGER, INSTITUTE1$0
Elizabeth Leebron Tutelman PhdDIRECTOR0.2$0
Andrew RogoffDIRECTOR0.2$0
Bill BurkeDIRECTOR0.2$0
R Duane PerryDIRECTOR0.2$0
Michael PearsonDIRECTOR0.2$0
Steven Scott BradleyDIRECTOR0.2$0
John NihillDIRECTOR0.2$0
N Nina Ahmad PhdDIRECTOR0.2$0
Francis J Mirabello EsqDIRECTOR0.2$0
Evelyn McniffDIRECTOR0.2$0
Stephen CozenDIRECTOR0.2$0
Shirin KarsanDIRECTOR0.2$0
Lon GreenbergDIRECTOR0.2$0
Orlando EspositoCHIEF FINANCIAL OFFICER1$0
Pedro A RamosPRES/CEO & MANAGER, INSTIT1.2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202003219349320580_public.xml