Koch Foundations Increased Media Investments in 2018 - 2019-11-26
As the political and philanthropic network of billionaire libertarian Charles Koch employs its latest PR strategy, the Charles Koch Foundation (CKF) and the Charles Koch Institute (CKI) increased their giving to media organizations by roughly $1 million in 2018.
Koch has generally funded right-wing organizations such as the Daily Caller News Foundation, which funds much of the content on the Daily Caller website, and the Reason Foundation, which publishes libertarian-minded news and opinion on Reason.com. These and other donations continued in 2018, but the two foundations also contracted with conservative media outlet RealClearPolitics and two center-left publications, The Atlantic and Ozy Media.
Overall, CKF and CKI combined to spend nearly $3.5 million on media grants and contracts in 2018. This amount is a small, but growing, portion of the foundations' annual donations. In 2018, CKF gave out $127.5 million in donations, mostly to fund Koch's right-wing educational and political infrastructure.