Who We Are
The Foundation for Financial Journalism launched in 2012 in Wilmington, N.C. as the Southern Investigative Reporting Foundation with the goal of providing in-depth financial investigative reporting for the common good. After a name change in early 2020, the organization remains solidly committed to the same mission.
We believe that investigative journalism is a critical tool for ensuring corporate accountability. In recent years many news organizations have struggled to operate with a diminished amount of resources; established papers and magazines have curtailed or eliminated investigative reporting projects. Scores of experienced editors and reporters — well versed in the technicalities of accounting, finance and the broader capital markets — have left the field. This loss has taken a toll on business journalism, which serves as an important civic guardrail of consumer and shareholder protection.
What We Do
Our foundation produces substantive investigative reporting without fear or favor. These investigations bring to life important stories that illuminate the many ways investors, consumers and market stakeholders are regularly misled.
We accomplish this by carefully mining corporate legal and financial filings — including the skillfully buried footnote inside a quarterly report, or the overlooked exhibit in a forgotten legal claim. This sleuthing (coupled with ample shoe leather reporting) is aimed at presenting the clearest possible picture of a subject.
The hallmark of the foundation’s reporting is a commitment to accuracy, depth in news gathering and clarity in presentation. In doing this work, we strive to conduct the foundation’s business by meeting or exceeding the highest standards in nonproﬁt governance and ethical journalism. Apart from pursuing the truth and increasing knowledge, our work is free of any agenda. The completed investigations are published free of charge, without advertisements or sponsors.
We are funded solely through the tax-deductible contributions of individual donors and foundations; none of them derive any professional or economic benefit from their support. No one, except the foundation’s employees and legal advisers, has any input into editorial decisions. The foundation’s employees, directors and advisers will never benefit financially from the price movements of the securities or derivatives of the companies mentioned in its journalism.
A nonprofit, the foundation in 2013 obtained tax-exempt status under the Internal Revenue Code’s Section 501(c)(3). The foundation is a member of the Institute for Nonprofit News, a nonprofit established in 2009 to assist independent investigative news organizations with their logistical, operational and business development issues.
Board of Directors
A former senior reporter at the Atlanta Journal Constitution and Bloomberg News and an author of many books on journalism, Christopher Roush is dean of Quinnipiac University’s School of Communications. Previously he served as a professor for the University of North Carolina at Chapel Hill’s Hussman School of Media and Journalism, where he launched the business journalism program and oversaw the master’s degree program.
The author of three bestselling books that exposed the inner workings of Wall Street’s highest-profile firms (“The Last Tycoons,” “House of Cards” and “Money and Power”), William D. Cohan is a former investment banker who now frequently contributes to The New York Times and is a special correspondent for Vanity Fair.
The Huffington Post named Roderick Boyd as one of the 25 most feared financial reporters in America. His book about the near collapse of AIG, “Fatal Risk,” was long-listed for the 2011 Financial Times and McKinsey Business Book of the Year. A former staffer of Fortune, as well as the New York Post, The New York Sun and Institutional Investor News, Boyd founded and edited The Financial Investigator blog. In addition to having taught investigative reporting at the University of North Carolina at Chapel Hill, he regularly leads seminars at Investigative Reporters & Editors conferences on financial statement analysis and fraud detection. His work has prompted numerous regulatory, civil and criminal actions.