Alberto Ibarguumlen Targeting Knight Foundations 2 Billion To Connect People And Communities Plot New Media Paths
At the helm of the Knight Foundation, President and CEO Alberto Ibargüen sits in between those who create information and those looking for innovative ways to distribute it.
He and his staff oversee a $2 billion endowment, left behind by former Knight Ridder owners to the Knight brothers. They use the endowment to fund grants in the 26 communities where they had newspapers.
While looking for new models for a media industry in upheaval, the foundation funds art projects to help residents connect with their communities.
"Art is general in Miami and accessible to anybody," Mr. Ibargüen said. "You don’t need an explanation to be moved by a Beethoven symphony, a Gloria Estefan song or a painting by a Daniel Arsham, the local artist."
He discussed the Knight Foundation’s latest programs, what digital experiments are seeing success and his work with AOL, PepsiCo and AMR, the holding company for American Airlines, with Miami Today staff writer Zachary Fagenson.