Nonprofit Online News Startup Texas Tribune Receives $750K In Grants

The Texas Tribune, a new non-profit news organization launched by former Texas Monthly editor Evan Smith, today announced that it has received $750,000 in grants a month before its Web site goes live. $500,000 was donated by Houston Endowment, a private foundation created by Mr. and Mrs. Jesse H. Jones, while the Knight Foundation contributed another $250,000.

Full release about the funding after the jump.

Earlier: From Texas Monthly To Texas Weekly: Evan Smith Picks Up Experienced Staff For New Venture

THE TEXAS TRIBUNE RECEIVES $750,000 IN FOUNDATION GRANTS TO SUPPORT ONLINE JOURNALISM LAUNCH

HOUSTON ENDOWMENT AND KNIGHT FOUNDATION CONTRIBUTE TO NON-PROFIT PUBLIC MEDIA ORGANIZATION

Austin, TX — October 1, 2009 — The Texas Tribune, a new non-profit public media organization, has received a total of $750,000 in grants from Houston Endowment and the John S.