DENVER, June 24, 2010 (GLOBE NEWSWIRE) -- The National Association of Hispanic Journalists will join 13 other journalists groups in sharing $875,819 in grants from the Challenge Fund for Journalism (CFJ), a consortium of the Ford, McCormick and Ethics & Excellence in Journalism Foundations. NAHJ will receive a $25,000 challenge grant which also will be matched by individual supporters of the organization. "We appreciate the Ford, McCormick and Ethics & Excellence in Journalism Foundations and their continued commitment to diversity," said NAHJ Executive Director, Iván Román. "With the help of our members, Student Projects and Student Campus alumni and other supporters we can meet the challenge and strengthen NAHJ through this grant," added Román. NAHJ will kick-off the campaign, The Denver Challenge, during its 28th Annual Multimedia Convention & Career Expo this week in Denver, Colorado . To learn more about the campaign and to donate to NAHJ, click here, http://www.nahj.org/support/donate/ . Launched in 2004, the CFJ was introduced amid extraordinary and difficult changes in the news media profession. Not only have journalism organizations seen a significant decline in financial support from corporate and philanthropic sources, but also a severe contraction in the industry as a whole. The current economic crisis has only exacerbated these difficulties, demonstrating more than ever the need to build the capacity of organizations to expand and diversify their financial base of support. The Challenge Fund initiative addresses this need by providing a combination of grants and customized coaching, technical assistance, and peer networking opportunities to ensure that journalism groups have the leadership, infrastructure, and financial resources needed to increase their adaptability and promote long-term sustainability. Grantees are chosen through a competitive process that utilizes criteria such as readiness for capacity building, commitment to organizational change, commitment to revenue diversification, and potential impact of CFJ on organizational development and sustainability.