Introduction: Baum Press is a beacon of independent journalism. Our organizational structure is designed to uphold the sanctity of our editorial freedom while embracing transparency in our ownership and funding sources.
Ownership: Baum Press is owned by The Baum Foundation, a non-profit entity committed to the advancement of free press and informed public discourse. The foundation ensures that Baum Press remains steadfast in its mission, free from the influence of external corporate interests or political agendas.
Funding Model: Our funding model is a blend of public support and private philanthropy, which includes:
- Reader Revenue: Subscriptions and memberships form the backbone of our funding, emphasizing the value we place on our readership’s support.
- Philanthropic Grants: We receive grants from various foundations that support free press, journalism, and democratic engagement. These grants are carefully vetted to ensure they align with our mission and have no strings attached.
- Endowments: A portion of our revenue is secured through endowments, which provide us with the financial stability to invest in long-term projects and investigative journalism.
- Public Funding: We are supported in part by cultural and journalistic grants at both the local and national levels, aimed at promoting a diverse and independent press.
- Commercial Revenue: A minimal portion of our revenue comes from advertising and syndication. These commercial activities are clearly separated from our editorial content, ensuring journalistic integrity.
Financial Transparency: We believe in full financial transparency. Our detailed annual financial reports are available on our website, showing a complete breakdown of our income sources, grants received, and operational expenses.
Grants and Ethical Standards:
- Every grantor is listed on our website with the amounts donated.
- Grantors have no say in editorial decisions or influence over how funds are used beyond broad general support.
- We maintain a strict policy against accepting funds from political parties, governmental bodies with oversight over media, or any entity whose funding could raise questions about our editorial independence.
Governance: Baum Press is governed by a board of directors comprising esteemed journalists, business leaders, and advocates for press freedom. The board is charged with upholding our mission and ensuring financial stewardship aligns with our values and objectives.
Conclusion: At Baum Press, our ownership and funding structure are pillars that support our journalistic independence. We are committed to earning the trust of our readers every day by maintaining transparency in our operations and integrity in our journalism.
For detailed inquiries and access to our financial reports, please contact our Public Relations department via the contact form on our website.