DARIEN, Conn. -- The CUNY Graduate School of Journalism will establish the Harold W. McGraw Jr. Center for Business Journalism thanks in large part to a $3 million grant from Harold "Terry" McGraw III of Darien and his family.
The gift is from the Harold W. McGraw Jr. Family Foundation, started in 2010 by Suzanne, Terry, and Bob McGraw. They are the children of Harold McGraw Jr., former chairman and CEO of McGraw-Hill, a publishing and financial services company that owned BusinessWeek magazine for 80 years, according to a statement.
The center will support veteran reporters and train students entering the field. The center will also receive support from the City University of New York and the CUNY Graduate School of Journalism.
“My father loved business, journalism, and education,” Harold McGraw III said in a statement. "We are thrilled to create the Center in his name to preserve his special legacy and to benefit the vital work of business reporters.”
Harold McGraw Jr. died in 2010 at age 92.
A primary goal of the Center is to commission serious business and economic stories from accomplished journalists. It will pay McGraw Fellows a stipend of $7,500 a month for three to six months of work, resulting in a distinguished piece of long-form business journalism to be published on the center’s website or in collaboration with media partners.
To promote the development of future business journalists, the Center will also fund scholarships for students who choose the CUNY J-School’s business and economics reporting concentration and provide stipends for those who undertake a summer internship in business news.
As part of its mission to serve the greater professional community, the center will hold an annual conference on a subject important to business writers and editors. It will also offer continuing education seminars on a variety of topics, such as the use of social media in business reporting or how to mine databases to find story ideas.
For more information, visit the CUNY Graduate School of Journalism website.