Nieman Reports
Winter 2007 Issue
Winter 2007 Table of Contents > Is Local News the Answer? > Nieman Notes > The Murrey and Frances Marder Fund

Nieman Notes

The Murrey and Frances Marder Fund

The Murrey and Frances Marder Fund has supported a variety of prominent initiatives at the Nieman Foundation since its endowment in November 1996. From 1998 to 2001, the fund supported four Watchdog Journalism Conferences that focused on the media's role of monitoring those in power as they exert control over public life. Currently, the fund fully supports the Nieman Watchdog Web site. The site was launched in the spring of 2004 and encourages watchdog reporting by drawing on authorities in various fields to suggest questions for the press to ask. Beginning in 2006 and into 2007, an international commentator was added to provide global insights.

The following is an accounting of revenue, expense and fund balances from November 1, 2006-October 31, 2007:

Beginning Balance at 11/1/2006  $123,012.92
  
Income 
  Interest on balance at end of FY07 (7/1/06-6/30/07)        $646.26
  Endowment Distribution for FY08 (7/1/07-6/30/08)  $111,266.06
  Fund Decapitalization for FY08 (7/1/07-6/30/08)    $75,000.00
Total Income  $186,912.32
  
Expense   
  Editor, Intern, Intl. Commentator Fees   $142,526.00
  Travel/Lodging/Meals       $3,144.67
  Web Site Hosting and Maintenance       $3,372.32
  Miscellaneous       $1,754.38
Total Expense   $150,797.37
Ending Balance at 10/31/07   $159,127.87


Class notes
Lead note: Susan Dentzer
End note: David Turnley and Peter Turnley
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