The John B Fairfax family has pledged $1 million to the Walkley Foundation in support of young Australian journalists.

$1 million donation to Walkley FoundationLast week, the John B Fairfax family pledged $1 million to support the Walkley Foundation awards and create professional development opportunities for young Australian journalists over the next 10 years.

The gift was announced at the Walkley Foundation’s Mid-Year Celebration of Journalism celebrating and acknowledging exceptional journalists in a range of fields.

Through their foundation, the Jibb Foundation, the John B Fairfax family has supported the awards since 2017, funding lower entry fees for young journalists, a mentoring program for category winners and support for the overall winner with a fully funded opportunity to visit newsrooms in the US.

From 2022, the $1 million pledge will sustain the awards for the next decade and also allow the Walkley Foundation the chance to expand professional development opportunities for winners of the Young Australian Journalist of the Year Award.

“The Fairfax name has long been associated with the glorious history of Australian journalism. With this announcement the Fairfax legacy will be synonymous with a bright future for the next generation of Australia’s best journalists,” said Walkley Foundation’s Chief Executive, Louisa Graham.

This is an extraordinary gift. It is a legacy that enshrines the principles of best practice and ethical journalism in our next generation of reporters. Supporting young journalists reflects the culture that was started long ago by the Fairfax family in one of the country’s best known media empires, Fairfax Media. This is a relationship we are most proud of.”

The gift is great news for journalism after the industry has struggled to find ways to monetise news and invest in longform articles.

“We are extremely proud to be supporting an award that promotes excellence in journalism and encourages young Australian talent. We are also delighted to provide meaningful support to the Walkley Foundation, which has consistently embodied the values of integrity and quality in the profession,” says John B Fairfax.

Last year, F&P covered how philanthropy is helping the Guardian Australia fund much-needed investigative journalism. You can read our story Guarding the future of journalism with philanthropy here.

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