Journalism’s old business models have collapsed in the new age of instant and online media. Still, quality investigative journalism is fundamental for a free and democratic society to thrive. Philanthropic support may in the near-term be necessary to ensure the very survival of respected journalistic organizations. Responding to rapid changes and new challenges in media, the Journalism Portfolio funds organizations that conduct high-quality investigative journalism, that make data systems and new tools available to journalists to stay competitive in the sector, and that offer professional training to investigative journalists.