November 2nd, 2021

Local Latino News Philanthropy Launches in Philadelphia

PHILADELPHIA (November 1, 2021) - Lenfest Institute of Journalism & AL DÍA News, Inc. Founders Elizabeth & Hernan Guaracao Invest in Local Latino News Ecosystem. Launching on November 1, 2021, the AL DIA Foundation is off to a strong start. The Lenfest Institute for Journalism and AL DÍA News, Inc. founders, Elizabeth and Hernan Guaracao are investing in the future of local Latino news via the foundation. 
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Local Latino News Philanthropy Launches in Philadelphia
Local Latino News Philanthropy Launches in Philadelphia
By AL DÍA FOUNDATION

PHILADELPHIA (November 1, 2021) - Lenfest Institute of Journalism and AL DÍA News, Inc. Founders Elizabeth and Hernan Guaracao Invest in Local Latino News Ecosystem. Launching on November 1, 2021, the AL DIA Foundation is off to a strong start. The Lenfest Institute for Journalism and AL DÍA News, Inc. founders, Elizabeth and Hernan Guaracao are investing in the future of local Latino news via the foundation. 

On November 1, 2021, the AL DÍA Foundation revealed its plan and priorities for the next three years to invest in the future of diverse and inclusive news. 

It is launching with the sole mission to spark innovation, inspire entrepreneurship, and invest in leadership within journalism and media. As the sister fundraising nonprofit of AL DÍA News, Inc, the AL Día Foundation is creating an ecosystem of multicultural and bilingual journalism, and media leaders. 

The Lenfest Institute of Journalism grant of $150,000 will support the Felíx Varela Fellowship Program which aims to create talent and pipelines to newsrooms across the country. AL Día Foundation’s Felíx Varela Fellowship Program is a multidisciplinary model that prepares multicultural and bilingual journalists and reporters to be innovators, entrepreneurs, and leaders in the newsroom. 

Its Felíx Varela Fellowship Program challenges journalists to think critically about their personal and professional development, along with gaining the necessary tools to launch into leadership. With AL Día News, Inc as the trusted partner and guide for dynamic 21st Century Journalism, Felix Varela Fellows gain practical knowledge and skills needed to be a leader in journalism and media management. 

“In life, one reaches the point where money is no longer important, investment in legacy is critical. The AL Día Foundation is a way of making sense of the longstanding efforts in my career. This future, if we are lucky to influence it, will justify what we have done when we are alive. It is critically important to invest in human capital or the future of multicultural and bilingual journalism, says Hernán Guaracao.” 

The Lenfest Institute of Journalism & AL DÍA News, Inc. founders Elizabeth and Hernan Guaracao invested grants for the purpose of funding fellowships, apprenticeships, and scholarships. These grants were pivotal to the start of the foundation. 

“A key part of our mission is to invest in the diverse voices of a future generation who will soon be leading journalism in our market and in our country,” said Lenfest Institute Executive Director & CEO Jim Friedlich. “We’re also eager for other funders to join The Lenfest Institute and the AL Día Foundation in this important work.” 

The Foundation will be launching with its first staff members, Hernán Guaracao as its Acting Executive Director and Chairman,  and Taylor Cobb, as Director of Business Development. 

“As leaders in journalism and media management, we are the central tool for the maintenance of democracy. AL DÍA reporters, journalists and media leaders capture the history of the Black and Latino community. Through this foundation, we will be replicating this training and feeding the Philadelphia local news economy,” said Cobb.

 

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About AL DÍA Foundation: The mission of the Al Día Foundation is to empower Latinos to tell their own story and tackle the inequity of Latino voices. By giving journalists and media leaders resources, high quality educational opportunities, we witness the development of storytellers who write history.

 

About AL DÍA News Media:  AL DÍA News Media is a bilingual news organization founded on the mission to accurately portray Americans of Latino descent. Over the past 25 years, AL DÍA has developed into a multimedia news organization that offers the best of the Latino American experience by implementing content initiatives and programs.  

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