19/06/2026
A new issue of the Journalism Funders Forum newsletter has been published, featuring insights and discussions on the evolving landscape of support for independent journalism.
One article that particularly caught our attention is an interview conducted by our colleague Robert Nemeth with Harlan Mandel, CEO of the Media Development Investment Fund (MDIF). In the conversation, Mandel reflects on MDIF’s three decades of experience taking a different approach to supporting independent media focusing on patient capital rather than traditional grant-making.
The interview explores what it takes to build sustainable media organisations, why grants alone may not always be sufficient, and how investment-based approaches can help strengthen journalism in increasingly challenging and volatile environments.
In Mandel's words on what does meaningful impact looks like:
"the real impact that we are interested in is the societal impact: accountability, civic debate, political participation, access to information."
The Journalism Funders Forum newsletter is produced by our centre for Philea - Philanthropy Europe Association.
For three decades, the Media Development Investment Fund (MDIF) has taken a different path in supporting independent journalism through patient capital