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Photo of a makeshift memorial outside the Capitol Gazette office in 2018 commemorating the death of columnist Wendi Winters. Photo: Chip Somodevilla/Getty Images

The Annenberg and Knight foundations will provide a total of $6 million in grants to support the early stages of building out the Fallen Journalists Memorial, Axios has learned.

Driving the news: Monday was the three-year anniversary of the mass shooting at the Capital Gazette in Annapolis, Maryland, which left five people dead.

Why it matters: The funding will help construct the first-ever public memorial for fallen journalists in the nation's capital.

  • Congress passed a law last December to authorize the Fallen Journalists Memorial (FJM) Foundation to create the memorial, following a particularly brutal year for press freedoms.

The funding will be used to scale the Fallen Journalists Memorial Foundation as it seeks to develop and construct the memorial over the next few years.

  • The initial funding will help the foundation select a site and design and built out the memorial. It will also go towards educational programming around the memorial and the foundation's efforts.
  • In an effort to spark other seed donations, the grant from the Annenberg Foundation includes a commitment to match up to $2.6 million in other foundation grants.

Our thought bubble: The memorial is particularly important given that the Newseum, a D.C.-based museum for the press, shut down in late 2019.

Go deeper

Mike Allen, author of AM
Sep 27, 2021 - Energy & Environment

Laurene Powell Jobs' $3.5 billion climate campaign

Laurene Powell Jobs, president of Emerson Collective, is investing $3.5 billion in her new climate-action group, the Waverley Street Foundation — all to be spent in 10 years, as a way to show urgency on the issue.

  • Then the group will sunset.

The big picture: The foundation "will focus on initiatives and ideas that will aid underserved communities who are most impacted by climate change," an official tells Axios.

Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

FTX CEO predicts more U.S. crypto flight

Photo: "Axios on HBO"

FTX doesn't look much like a company valued at $25 billion. Its new headquarters, located in a sleepy part of The Bahamas, is so nondescript as to not even have a sign. But it does expect to soon have neighbors.

Driving the news: Founder and CEO Sam Bankman-Fried tells "Axios on HBO" to expect "more and more crypto flight from the states" if the U.S. doesn't soon create a regulatory regime for cryptocurrencies.

Developed countries reveal $100 billion climate finance plan ahead of COP26

Alok Sharma, head of the UN Climate Summit in Glasgow, speaks in Paris on Oct. 12. ( Li Yang/China News Service via Getty Images)

After 12 years of fits and starts, industrialized nations on Monday put forward a detailed plan to provide at least $100 billion annually in climate aid to developing countries starting by 2023.

Why it matters: The plan, presented by representatives of Canada and Germany, is aimed at defusing one of the biggest sources of tension at COP26, which is the failure of industrialized nations to follow through on their financial commitments.

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